Forterra plc (FORT) Earnings Call Transcript & Summary

Good. So it's just past 12:00, and there being a quorum present, I declare the Annual General Meeting open. So we'd like to welcome to Forterra's 2021 AGM. And to introduce myself: Justin Atkinson, Chairman of this company. Due to COVID-19 restrictions, non-director/shareholders have been prohibited from attending the AGM; [ and is to appoint me ], the Chairman of the meeting, as their proxy, in accordance with the notice of the AGM. So we have Martin and Divya, who've dialed in, who are members of the Board. And EY [indiscernible] partner [indiscernible] has also dialed in to the meeting. The rest of the Board of Directors are here in the room with me. We released the statement to the stock exchange this morning, as is customary practice at AGMs, and I assume that [ everybody in this room ] has read the [indiscernible] as well. So [indiscernible], unless you want me to read the statement [indiscernible], then I'll proceed and advance the -- to the business. Are you okay with that, [indiscernible]?

Yes, that's fine. Thank you.

Yes. Thank you. So the running order will start with the opportunity for shareholders to ask questions. We have had a link open now for a week or so for shareholders to be able to ask questions. [indiscernible] before the meeting, we have not received any questions from shareholders on the official business of the meeting. And given there are no external shareholders on the call, I assume there'll be no other questions on the business of the meeting. I would now like to move to the formal business of the meeting. You should have all received the notice convening this Annual General Meeting, which lists the resolutions which we will now cover. And unless there are any objections, I take the notice as read. I'm going to take the business in 2 parts. For the first resolutions, which are ordinary resolutions, numbers 1 to 14, I'll ask for a vote of a show of hands. And then I'll take the second lot of resolutions, numbers 15 to 18, the special resolutions. And again, I'll ask for a vote of a show of hands in this room. Before I do that, I'd like to say that we received a total of 164 valid proxy forms received, representing 195,097,481 shares, including votes withheld. That is 85% of all shares issues by the company. With that background, I'd now like to move on to the formal business which you're voting on, resolutions 1 to 14. The wording of the resolutions have been in the notice of the meeting. So [ technically ], ordinary regulations, number 1 to 14, [indiscernible] ask the shareholders in this room for a vote of a show of hands. All those in favor, yes? [Voting]

Yes, all right, unanimously carried the ordinary resolutions, numbers 1 to 14. I'll now move on to the special resolutions, numbers 15 to 18; and ask those shareholders in the room, all those in favor, to vote yes. [Voting]

Yes. Again a unanimous vote in the room for resolutions 15 to 16 (sic) [ 15 to 18 ]. That ends the formal business of the meeting. After this meeting, the company Secretary will post on the website the results of the proxy votes, which I alluded to earlier on, 195 million shares voted. Those results will be posted onto the website immediately after this AGM. So [indiscernible] the business flows. Martin and Divya, thanks for dialing in. And then thank you, [indiscernible], for coming by, should there have been any difficult questions by shareholders. Thank you.