ICL Group Ltd (ICL) Earnings Call Transcript & Summary

Okay. I hope you can hear me. We'll be starting our ICL's AGM, Annual General Meeting now. Welcome to everyone who has joined. As far as I can see, there are no more people in the lobby of the Teams right now. So we can begin. First, I'd like to make sure I wrote down everyone's name correct. I appreciate if you could go unmute and tell me your names. I see David Yuda, Catherine Toransa, Peter Nelson, [indiscernible], I'm sorry, if I'm mispronouncing anyone's names. There's another user name meeting guest who I'm not sure who is in. And someone under the name, Ashish, I appreciate if those people could unmute themselves and let me know their names for the minutes. Anyone? If you heard everything and you may begin.

Yes, yes, I'm here. Can you hear me?

Yes.

It is very noisy here. So I'm putting on mute.

Sure. So welcome, everyone in accordance with the power of attorneys that were delivered to us prior to the meeting. The meeting has more than 2 shareholders holding over 50% of the company's shares. So we have a quorum and we may start the meeting. In accordance with the company's Articles of Association, since the company's Chairman is not presiding in this meeting, the shareholders may elect the meeting's Chairperson, the largest shareholder as [indiscernible] with us. The Company's Secretary to preside as the Chairperson of this meeting. The items on the meeting's agenda are as detailed in the proxy, which was published before the meeting. For the sake of good order, I'll go through them. First of all, the first proposal was to approve reappointment of the company's -- of the company's currently presiding incumbent directors, excluding external directors. All these other proposals regarding these directors were approved in accordance with proxy cards we received till the beginning of this meeting. And so it seems we may move on to the second proposal. Proposal #2 is for the reappointment of Dr. Miriam Haran as an external director for a second term. Again, in accordance with the proxy cards, we received prior to the meeting. This proposal is also approved. The third proposal is the amendment of the company's Articles of Association in order to allow for the indemnification and insurance of directors and office holders. Proposal #3 is also approved in accordance with the proxy card we received so far. Proposal #4 was for the approval of the amendment of the letters of indemnification given to the company's office holders. This is subject to the approval of proposal #3, which as I said, was approved. And so this proposal #4 is also approved for amendment of the indemnification letters, all in accordance with proxy card, we received prior to the beginning of this meaning. The fifth proposal is for the reappointment of the KPMG, the Israeli branch of KPMG Somekh Chaikin as the company's external auditors. And again, proposal #5 is also approved in accordance with proxy cards, we received prior to the meeting. And so the -- all the proposals were approved based on votes we already received in the last few days. The total of votes and the voters will be added to the minutes of this meeting, and the company will issue later on an immediate report on Form 6-K with the results of the meeting, and the company will also issue reports regarding the amendment of the company's articles as per Israeli law and I have to say this point, if anyone has any further comments or questions he may or she may unmute themselves and speak. Anyone?

Well, thank you, everyone, for joining us today on this Annual General Meeting. We appreciate your voting and your presence. And if there are no further questions, then we may adjourn, and thank you very much, [ Lee ] for hosting this meeting.