MPC Container Ships ASA (MPCC) Earnings Call Transcript & Summary

Good day, and welcome to today's Extraordinary General Meeting MPC Container Ships Call. [Operator Instructions] And now without any further delay, I would now like to hand the conference over to your speaker today, Constantin Baack. Thank you. Please go ahead, sir.

Thank you, operator, and good afternoon, everyone, to today's Extraordinary General Meeting of MPC Container Ships. I would like to run you through the agenda and through the 3 agenda topics. And I would start without further delay. Let me run through some introductory remarks. I'm chairing this event today in absence of Ulf Hollander, the Chairman of the Board, who is unfortunately unable to attend. So let me start with some introductory remarks regarding the current COVID situation. Due to the COVID-19 outbreak, we have encouraged all the shareholders to abstain from appearing in person at this general meeting and rather participate by advanced votes or proxy. This Extraordinary General Meeting is being broadcasted live, so we allow all the shareholders to remotely ask questions during the general meeting. Webcast attendance will not be minuted as a formal attendance at the general meeting. The webcast does not offer participants to vote. Remote voting has been made by advanced voting or by granting proxies. So the voting instructions in the Extraordinary General Meeting notice and adhering to stock exchange [ announcement ] dated 10 February 2022, respectively. Now let me start with the overview of represented votes. Out of the 444,051,377 shares, 44%, in total 195,397,539 votes are represented in today's meeting. Again, that represents around 44% of the votes. Now let me start with the first agenda item, election of a Chairperson. I, myself, am proposed to chair the general meeting; and [ Paul Satre ] is proposed to cosign the minutes. We have received votes on that agenda item 1. We have 100% of the votes in favor of this agenda item, and therefore, this agenda item is passed. I would stop for a minute to see whether there are any questions or comments from the audience on that agenda item, either through the phone line, moderator, by -- through you or through the web. And we'll wait for a couple more seconds. That does not seem to be the case. I would like to then continue with agenda item 2, approval of the general meeting notice and agenda. And the proposal is for the general meeting to approve the Extraordinary General Meeting notice and agenda. We also have received votes on this item. We have 100% approval of votes voting in favor on that item. And just like last time, I would wait shortly to see whether there are any questions on that agenda item or comments. That does not seem to be the case. And therefore, I will continue with agenda item 3, election of a new Board member. The Board proposes that the general meeting passes the following resolution. Peter Frederiksen is elected as a new member of the company's Board of Directors until the Ordinary General Meeting in 2022. And after this, the company's Board of Directors would compromise (sic) [ comprise ] the following members. The following are the Chairman, Dr. Axel Schroeder, Laura Carballo, Ellen Hanetho and Peter Frederiksen. We have received votes for that agenda item. And we have 88.45% of the votes in favor and 11.55% of the votes against this agenda item. Therefore, this agenda item is approved. And I would now also allow for questions on this specific agenda item. That does not seem to be the case. It was obviously a swift EGM, and I assume, following the announcement of our figures yesterday and the webcast that intensively covered the company, we are then complete with the -- today's agenda and the EGM. And I would like to thank everyone for their interest and for listening in and their attention. And I would herewith close the meeting with all 3 agenda items being approved by the EGM. Many thanks, and back to you, moderator.

Yes, sir. Thank you. That concludes our conference for today. Thank you all for participating. You may now disconnect.