Reklaim Ltd. (MYID.V) Earnings Call Transcript & Summary

Good morning. The special meeting of shareholders of Killi Ltd. will now come to order. I'm honored to welcome you all to the 2021 Special Meeting of Killi. I'm Neil Sweeney. I'm the CEO and chairperson of the company with the consent of the meeting I will preside as chairperson of this meeting. With the consent of the meeting, Zohar Barzilai, of Minden Gross, who is Legal Counsel to Killi, will act as Secretary of the meeting. Before commencing the formal business of this meeting, I'd like to introduce the other members of the Board of Directors and management team who are here today. Just a quick look to see who's here. Don't see any of them on, so we'll just continue on. I'd also like to mention that management of Killi, including myself as well as Zohar, will remain in attendance following the meeting to answer any questions you might have. We're honored to have you as shareholders of the company, and I look forward to providing you with many years of value and growth. In order to make the best use of our time, certain shareholders or proxy holders have been asked to move and second the resolution, which we will consider and which are set out in the notice of meeting and accompanying management information circular made available to you all. I will call on them at the appropriate time. This will allow more time for your questions and comments. As this meeting is held virtually via live webcast, we think it is necessary to do a roll call of all parties present and then set a few rules for the orderly conduct of the meeting. I'll now ask the Secretary of the meeting to conduct the roll call.

Thank you, Neil. In order to do the roll call, I will name each party present as listed on the list of participants of the Zoom call. When I identify you by the name or phone number listed on your Zoom account, please clearly state your full name, e-mail address, the entity you represent, if any, and confirm that you are a registered shareholder or a duly appointed proxy holder. [Operator Instructions]

I'll now set out a few rules to ensure an orderly conducted meeting. Questions in respect of a motion can be submitted by any registered shareholder or duly appointed proxy holder by sending an e-mail to [email protected], Frosted is F-R-O-S-T-A-D. Reklaim is with a K. Please note that there will be a slight delay in the delivery of your e-mails, wherever we will address the questions in due course. Secondly, when asking a question, please indicate your name, which entity you represent, if any, and confirm that you are a registered shareholder or duly appointed proxy holder. Thirdly, questions will generally be received shortly after they are sent but will only be addressed during the question period at the end of the meeting, provided that questions regarding procedural matters are directly related to the motions before the meeting may be addressed during the meeting. For the purposes of the meeting today, voting on all matters will be conducted by electronic ballot. Registered shareholders and duly appointed proxy holders will be asked to vote on each business item after the presentation of all business items. Note, if you have already voted by submitting a proxy, you are not required to resubmit your vote. Dave Bains of Compu Share will now e-mail each of the registered shareholders and proxy holders that identified themselves and provided an e-mail during the roll call a copy of the electronic ballot, please return and execute a copy of the electronic ballot by e-mail to Dave Bains at [email protected]. If you are not able to complete the attached electronic ballot, you may cast a vote by marking an x in your selection and returning the e-mail to David Bains at the same e-mail address, which is [email protected]. Please indicate your name, which entity you represent, if any, and confirm that you are a registered shareholder or duly appointed proxy holder in the e-mail to David. Note, all ballots must be returned by the close of the meeting. Following the receipt of the completed ballots, they will be reviewed by the scrutineer and shortly thereafter the results will be announced. Any questions? Okay. We'll now proceed with the formal portion of today's meeting. Scrutineer. With the consent of the meeting, Dave Bains, a representative of Compu Share, will act as a scrutineer of this meeting. The scrutineer will report on the shareholders in attendance and the number of securities represented in person and by proxy at this meeting, compute the votes cast by ballot and report to me on these matters. Prior to the commencement of this meeting, the scrutineer filed a preliminary report on attendance at the meeting. The secretary has confirmed that there is a quorum present. I've asked the scrutineer to deliver the formal report on attendance of the meeting to the secretary of the company as soon as possible. Item #3, Notice of Meeting. The Notice of Meeting and form of proxy were mailed to all registered shareholders of the company. The accompanying materials, including the management information circular were published on the corporate governance page of the company's website, investors.killi.oi\corporategovernment\investormaterials, our transfer agent, Computershare Trust Canada of Canada -- Computershare Trust Company of Canada has attested to the proper mailing of the notice calling this meeting. There has been filed with the proof of service for such mailing provided by the company's transfer agent. I direct that a copy of such proof of service be annexed to the minutes of this meeting as a schedule. Unless there is any objection, I will dispense with the reading of the notice of meeting. Okay. Number 4, scrutineers' report on attendance. I've been advised that there are voting shares representing more than -- David, I'll defer to you on this number.

So there is a total of 54 shareholders by proxy representing 21,142,442 shares. Total shares issued outstanding as of record date was 67,377,894 shares. Percentage of outstanding shares represented at the meeting today is 31.38%.

Great. So we've received the scrutineers' report, and I direct the formal report be annexed to the minutes of this meeting as a schedule. We can then move on to section #5, which is the name change to Reklaim Ltd. The first item of business is the authorization to change the name of the company to Reklaim Ltd. or such other name that is authorized by the Board of Directors of the company acceptable to the TSX Venture Exchange and applicable regulatory authorities. The full text of the special resolution for approval of the name changes set out at Appendix A of the management information circular that has been made available to you all. I would ask that a motion be brought to approve a change to the name of the company to Reklaim Ltd. or such other name that is authorized by the Board of Directors of the company acceptable to the TSX Venture Exchange and the applicable regulatory authorities.

Dave Philips, shareholder. I move that the name of the company be changed to Reklaim Ltd. or such other name as is authorized by the Board of Directors of the company acceptable to the TSX Venture Exchange and applicable regulatory authorities.

I second that motion.

Okay. Well, that's a big deal. So that's good. So we're moving on to now onto the voting unless there's any questions or objections Okay. Bye-bye Killi. Hello, Reklaim. Voting. Okay. As we previously mentioned, voting today will be conducted by electronic ballot. I will now ask that we finalize the submission to your electronic ballots to David Bains, A reminder, David can be reached at dave.bains, B-A-I-N-S @computershare.com. Please ensure that you indicate your name, the entity you represent, if any, and confirm that you are a registered shareholder or a duly appointed proxy holder in the e-mail that you send to David. We will provide registered shareholders and duly appointed proxy holders 3 minutes to complete the electronic ballots. We'll begin that process now. [Voting]

Okay. Electronic ballot voting is now closed. I ask that we give the scrutineer a couple of minutes to compile the report if needed. Regarding the results of voting on all business matters, David, I'll defer to you on this. If you're ready, you can fire away. If not, take the time you need.

So I did have the report on ballots. For the resolution is 21,127,353 votes. Against the resolution was 15,089 shares, which represents, for, 99.93% and against, 0.07%. So the resolution is passed via ballot.

Great. So we've been advised by the scrutineer that the ballots and proxies deposited for the meeting have been voted in favor of the following resolutions, one, the name of the company to Reklaim Ltd. has been approved. I direct that the results of the poll be included with the minutes of this meeting, and the results of the voting will be announced in our press release in accordance with the policies of the TSX Venture Exchange and filed on SEDAR. Is there any other further business that we would like to discuss before we move to termination of the meeting? Okay. I'll now ask Secretary move to final resolution to terminate the meeting.

Mr. Chairperson, I move that the meeting be terminated.

May I have the motion seconded, please?

I second the motion.

Perfect. As there is no further business to come before the meeting, I declare the formal part of the meeting to be concluded. This concludes the formal business of the special meeting of shareholders. We will now answer as many questions as time permits. When asking your question, again, please state your name, the entity you represent and confirm that you are a registered shareholder or a duly appointed proxy holder. Please limit your questions to topics related to today's subject matter and keep your questions short and to the point. For each question we answer, we will summarize the question and read out loud the name of the person who asked such question and if applicable, the entity that each person represents. We would like to remind you that questions which were already answered or are redundant or repetitive will not be answered. We will now open the floor for the questions. Okay. I don't see any questions. So we'll move -- I think we can move to...

No questions have come in by e-mail either.

Okay. I think we can move to close then. Correct?

That's correct, Neil.

Okay. Do I need a secondary to close?

No. We've already terminated the meeting. The formal portion of the meeting. So...

Great. Okay, everyone. Thank you very much.

Okay. Thank you.

Okay. Bye-bye.