Nickel Industries Limited (NIC) Earnings Call Transcript & Summary

Welcome, everyone, to the AGM on the 3rd of May. I'll now hand you over to our Deputy Chairman, Norm Seckold, who will chair the meeting for today.

Thank you, Chairman, and welcome, ladies and gentlemen and shareholders of Nickel Mines. I welcome you to this Extraordinary General Meeting of Nickel Mines Limited. As Cam said, my name is Norman Seckold, I'll be chairing today's meeting. It's after 11:00 a.m., a quorum is present, and I declare the meeting open. Today's meeting has been convened in accordance with the Corporations Act. The running of this general meeting has been impacted by COVID-19 social distancing rules, and we are holding a virtual meeting by Zoom. Shareholders may ask questions during the meeting via Zoom. Questions can either be regarding the formal business of the meeting or subsequent to the formal business of the meeting. I would ask, unless asking a question, that you have your settings on mute. I now propose to deal with the formal business of the meeting. There will be a pause for members to ask questions about the business of the meeting and later about the company's activities. Today's resolution will be decided on a poll based on proxies that were submitted before the meeting. I now ask Cameron Peacock to bring up the slide summarizing the proxies received. Thank you, Cam. I declare the poll open, and I will now vote all directed proxies in accordance with the directions provided by the shareholders. As advised in the notice of meeting, I will also vote on all available undirected proxies in favor of the resolution proposed in this Notice of Meeting. The formal results of the poll will be notified to the ASX after the meeting and will be posted on the company's website. So turning to the business. Resolution 1, as set out in the Notice of Meeting, is an ordinary resolution to approve the proposed issues of the Shanghai Decent shares. Are there any questions or comments in relation to the resolution? Nothing online, Cam?

Nothing I can see online.

Okay. Well, the proxy votes received on this resolution are currently displayed on the screen, and I declare the poll for Resolution 1 closed and the resolution passed. Resolution 2, as set out on the notice of meeting is an ordinary resolution to ratify the issue 108,122,223 shares to institutional and sophisticated investors. Are there any questions or comments in relation to this resolution?

Nothing online, Norm.

Nothing, Cam. Thank you. The proxy votes received on this resolution are currently displayed on the screen, and I declare the poll for resolution closed. Resolution 2, I'm sorry, closed and the resolution passed. Ladies and gentlemen, that concludes the formal business of this meeting, and I declare the meeting closed. But if you have any questions, please use the Zoom function to raise your hand. The moderator Cam will then be able to unmute you at the appropriate time to ask your question.

Just giving it a couple of minutes Norm.

Sure.

Now, I think we're good Norm.

Okay. Well, thank you, everyone who's gone [indiscernible] attending today, what is just to proceed your meeting. I thank you again for your attendance and look forward to talking to you next time. Thank you. Bye-bye.