MPC Energy Solutions N.V. (MPCES) Earnings Call Transcript & Summary

Good afternoon, ladies and gentlemen. My name is Ulf Hollander and I'm Chairman of the Supervisory Board of MPC Energy Solutions. Here with, I would like to open our Extraordinary General Meeting for today. I would like to welcome on this occasion, the other members of the Supervisory Board, the shareholders and the management Board of the company. This meeting will be held virtually. Before I address the respective agenda items, you see the agenda on the screen. I would like to clarify a couple of formalities for this extraordinary general meeting. First, Ms. Maria Rudnick has been appointed as Secretary of this meeting and will be taking the minutes. This meeting will be conducted in English. All shareholders that were registered as such on July 23 this year have been invited to the AGM and have been able to cast their votes by proxy. Votes were cast prior to the AGM and the results will be formally announced in a few minutes. The AGM will be streamed as a live event and the recording will be made available on our website right after the meeting. Also, in addition to your ability to ask -- to raise questions prior to the AGM, you will be allowed to raise questions during this meeting. To ask questions during the meeting, participants are kindly asked to use the chat function embedded in the MS Teams live stream. With that, I would like to turn to the questions from shareholders. No questions have been submitted by shareholders prior to the AGM. I would therefore ask now whether there are any participating shareholders that have any questions regarding today's agenda.

No questions, Ulf.

Thank you. No questions have been asked. And with that, we can turn to the agenda item #3. As you know, the main purpose of this meeting is to appoint Mr. Fernando Zuniga to the Management Board as a Managing Director. And prior to talking about the votes, I would like to ask Mr. Fernando Zuniga to briefly introduce himself.

Thank you very much, Mr. Chairman. I would like to introduce myself. I'm Fernando Zuniga, and I have been part of the MPC Group since 2017. And since November 2021, I have served as the Managing Director for Latin America and the Caribbean at MPC Energy Solutions. I have over 12 years of experience in the renewable energy industry. And I want to express today my gratitude to the Chairman and the members of the Supervisory Board for nominating me as part of the Management Board. It is a true honor, and I'm thankful for their trust and their confidence. I'm excited to contribute to the continued success of MPC Energy Solutions and work alongside all of you. Thank you very much.

Thank you, Fernando for the brief introduction. I would like to propose to appoint Mr. Fernando Zuniga as a Managing Director of the company. Mr. Zuniga will be appointed by binding nomination of the Supervisory Board unless this nomination is overruled by the General Meeting. The General Meeting may always overrule the binding nomination for the appointment of a Managing Director by a 2/3 majority of the votes cast, representing more than 1/2 of the issued share capital. The holders of 9,589,680 shares exercised their voting right directly or via nominees. The votes representing 43.1% of total share capital, were accepted by me. And now I would like to present the voting results. 100% of the votes have been in favor of this appointment. And I would like to congratulate Mr. Fernando Zuniga to his new position in the company, and I would like to thank all shareholders for participating in the voting. Therefore, the resolution is passed. We get to the last agenda point. And before I render my closing remarks, I would like to announce one change to the Supervisory Board of the company Dr. Philipp Lauenstein will join the company's Supervisory Board effective immediately and he will replace Dr. John Benjamin Schroeder, who has represented the company's primary shareholder, MPC Capital Beteiligungsgesellschaft mbh & Co. KG, MPC Capital on the Supervisory Board since its inception in 2022. In accordance with the company's Articles of Association, the apartment does not require a resolution by the General Meeting. I would like to take this opportunity to sincerely than you -- thank Dr. John Benjamin Schroeder for his professional and very valuable contributions. And by the same token, I would like to welcome Dr. Philipp Lauenstein. With that, I would like to conclude the AGM at 5:06 p.m. I would like to thank all participants for joining and our team for organizing this. Thank you, and have a good day. Bye-bye.