Otello Corporation ASA (OS3.DU) Earnings Call Transcript & Summary

Yes. It's 10:00 Oslo time. Welcome to the Extraordinary General Meeting of Otello Corporation. My name is Geir Evenshaug. I'm a partner with the law firm, Schjødt. I have been asked to open the meeting and also make a registration of attending or represented shareholders. And the record shows that we have approximately 40.5 million shares represented, which equals approximately 50% of entire share capital. And as usual, the minutes from the meeting, together with a summary of the votes cast will be available later today. And we have -- in the room with me, we have Jason Hoida, the CEO; and we have Silje Augustson, Chairperson of the Board participating as well. We will move on to Item 2 on the agenda, which is election of a person to chair the meeting. I have been proposed, and we have no votes against. So I will just continue to talk. And then we move to Item 3, approval of the calling notice and the agenda. And there are no votes against the calling notice or the -- and the agenda. So that has been approved. Item 4 is election of a person to co-sign the minutes, and I propose then Jason sitting here will be co-signing. Any questions or comments to that? Jason is then elected to co-sign the minutes. And we can move on to Item 5, which is the Board authorization to acquire treasury shares. This is just a kind of a renewal of existing board authorization to acquire your own shares. Are there any questions or comments to the proposed resolution? There are none, and we have 80,000 votes against, which means that we have a majority of 99.9%, and the Board authorization has been approved. The last item on the agenda for this extraordinary general meeting is Item 6, which is a grant of options. And this is then the proposal made by the company's Nomination Committee, set out in the calling notice. Are there any questions or comments to the proposal in Item 6? There are none and approximately 7.5 million votes against, which means that there are just in excess of 33 million votes for, which then also means that the proposal in Item 6 has been approved. And that actually concludes the matters on the agenda for this meeting, short and sweet. I thank everyone for their participation, and I wish everyone continued nice day. Thank you. Goodbye.