FLYHT Aerospace Solutions Ltd. (FLY) Earnings Call Transcript & Summary

Thank you for standing by. This is the conference operator. Welcome to the FLYHT Aerospace Solutions Limited Special Meeting of Shareholders Conference Call. [Operator Instructions] I would now like to turn the conference over to Mary McMillan, Chief Executive Chairman and Interim CEO of FLYHT Aerospace Solutions Limited. Please go ahead, Ms. McMillan.

Good morning, ladies and gentlemen, and welcome to the special meeting of the FLYHT shareholders. My name is Mary McMillan, and I am the Executive Chairman and Interim CEO of FLYHT, and I will be acting as the Chairman for today's meeting. Before we begin the formal business of this meeting, I would like to thank all of you for joining us today. The management information circular provided instructions for registered shareholders and proxy holders to preregister for the meeting in order to participate fully. [Operator Instructions] in order to cover the required business of the meeting in an efficient manner, we have prearranged with certain shareholders to move and to second motions of business. This is in no way intended to discourage comments from the floor. On the contrary, should any registered shareholder or proxy holder who preregistered as outlined in the notice of the meeting wish to speak on any matter, they are encouraged to do so when there is an opportunity to join the question queue as each item of business is presented. Operator, has signaled with star and 1?

No, Madam Chair, no one has signaled for assistance.

Then we will continue. This meeting will now come to order. And with your approval, I shall ask Alana Forbes to act as Secretary for purposes of recording the minutes of the meeting. The first item of business will be the appointment of scrutineers. With the consent of the meeting, I shall ask Bart Wingerak of Odyssey to act as scrutineer. Odyssey has indicated that shareholders of record at the close of business on November 6, 2024 were sent via courier to the notice calling this meeting, together with the accompanying meeting documents on or before November 25, 2024. Accordingly, with the consent of the meeting, I would propose to dispense with the reading of the notice, and I direct a copy of the notice and proof of service to be kept by the Secretary with the records of the meeting. I note that a quorum of shareholders is present at the meeting, irrespective of the number of persons actually present if 2 shareholders or duly appointed proxy holders are present. I have received the preliminary scrutineer's report indicating that a quorum is present. It shows that there are 31 shareholders present or represented by proxy, representing [ 16,873,021 ] common shares being 43.267% of the total issued capital. There were no eligible preregistrants for the meeting who have not already cast their votes. And as such, all voting was conducted in advance of the meeting. As we proceed through the business of this meeting, we will announce the results of the advanced voting. The notice and the quorum requirements have been met. I now declare that the meeting is regularly called and properly constituted for the transaction of business. The only item of special business to be conducted today is to consider and if thought advisable, to pass a special resolution to adopt and approve the arrangement resolution. The special resolution can be found in Schedule A of the information circular. With the consent of the meeting, I propose to dispense with the reading of the resolution in its entirety and proceed with approving by way of special resolution of the shareholders. The arrangement resolution all is provided for in the information circular. I will now ask for someone to move and someone to second such ordinary resolution.

My name is Alana Forbes, and I move that the arrangement resolution as described in Schedule A of the information circular be approved.

My name is Gurjot Bhullar, and I second the motion.