Pod Point Group Holdings Plc (PODP) Earnings Call Transcript & Summary

Good afternoon to all, and welcome to the 2024 Pod Point Group Holdings Plc Annual General Meeting. My name is Gareth Davis, and I'm the current Chair of the Board. On either side of me is Andy Palmer, who was the Interim CEO until the 1st of May and is now Chair Designate and Melanie Lane, our new Chief Executive Officer, who we welcome to the Board on the 1st of May. It is 2:00 PM and the quorum is present, so I'll open the meeting. In line with our remote first philosophy in relation to meetings, this meeting is being held as a virtual meeting. I'm pleased to be able to welcome everyone who is joining us online today. This meeting is being recorded, and a copy of the recording will be available on our website in the next day or 2. I'm also joined today by my other fellow Directors, David Wolffe, our Chief Financial Officer; Margaret Amos who so Chairs our Audit and Risk and ESG Committees; Karen Myers, our Senior Independent Director, who Chairs our Remuneration Committee; Norma Dove-Edwin, who Chairs our Technology Committee; Erika Schraner, an Independent Non-Executive Director; and Philippe Commaret and Robert Guyler, who are Non-Independent, Non-Executive Directors appointed by EDF. The voting on the business with the meeting today will be conducted by means of a poll. Exercising my authority as set out in the company's Articles of Association, a poll will be taken on all resolutions and our registrar Equiniti, has been appointed as scrutineer to count the votes at the end of the meeting. The formal resolutions are set out in the Notice of Meeting dated the 26th of April 2024, which, with your agreement, I'll take it as read. Resolutions 1 to 16 are proposed as ordinary resolutions and therefore, need a majority to be passed. And Resolution 17 is a special resolution needing 75% of the vote to be passed. Any shareholders who have already submitted their votes by proxy before the meeting do not need to vote again today unless they wish to change their previous instruction. For any shareholders who have not yet voted or wish to change their vote, the voting options will appear on your screen. Press the option corresponding with the way you wish to vote for each resolution. Once you've selected your choice, you'll see a message on your screen below the resolution text confirming that your vote has been received and how you voted. If you think that you've selected the wrong choice or if you wish to change your mind, simply press the correct choice prior to the poll closing. If you wish to cancel your live vote, please press cancel. I now declare the poll open, and the poll will remain open for the duration of the meeting and for 5 minutes following conclusion of the meeting. I'd now like to invite questions in respect of the business of the meeting. Please note that only shareholders, their proxies or duly authorized corporate representatives are entitled to speak. There are 2 ways in which shareholders and their proxies or corporate representatives participating online may ask questions. First, you can submit your questions electronically. You can do this by clicking on the question icon on the navigation bar within the Lumi platform. You should type your question and click the button arrow. Your name and the question will be read out to the meeting. Second, you can submit audio questions. If anyone would like to ask a question verbally, this can be done by clicking the Request to Speak button, which can be found on the right-hand side of the Lumi platform. You will then be placed into a queue and when called upon and connected can ask your question. Please give your name before asking your question. We will endeavor to answer as many questions as are reasonably able to. Where we are unable to, we will post answers on our website after the meeting. Questions submitted electronically will be read aloud by our Company Secretary, Anita Ganeri. Anita, please go ahead with the first question. There are no questions. Thank you, Anita. As there are no questions online, I can ask if there are any audio questions from shareholders. We have no audio questions from shareholders either. Thank you, Anita. Well, as there are no questions that concludes the formal business of this Annual General Meeting, and I, therefore, declare the meeting closed. The poll will remain open for a further 5 minutes to allow you additional time to cast your vote. I'm pleased to confirm that the proxy voting submitted prior to this meeting showed at least 99.57% of shareholders who voted, voting in favor of each of the resolutions. The results of today's voting will be announced via a regulatory news service announcement and on our corporate website as soon as possible. Finally, on behalf of the Board, I'd like to extend our thanks to Andy for stepping in as Interim CEO in July 2023. His enormous experience in electric vehicles and his industry knowledge and track record has proved invaluable. As previously announced, Andy will become Chair at the conclusion of this meeting as I remain on the Board as an independent Non-Executive Director. As I mentioned at the beginning of the meeting, we welcome Melanie Lane as Chief Executive in May, and we're delighted to have her at Pod Point, and we wish her every success in the role. Thank you for attending today's meeting and for your support for Pod Point. Thank you, and goodbye.