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

Okay. We can get started here. So good morning, everyone, and welcome to the AGM of Reklaim. I'm Neil Sweeney, and I'm Reklaim's CEO, Director and Chairperson of the Board of Directors. As the Chairperson of the Board, I'll be acting as the Chair of today's meeting, according to Section 10(10) of Bylaw #4 of Reklaim Ltd. Before we begin the formal proceedings, I just like to introduce the directors present, including myself, Andrew Elinesky, Robert Fernicola, Brad Marks and Jay (sic) [ Jason ] Maguire, you see them on the screen. On behalf of the board, I'd like to thank those shareholders who've chosen to attend the meeting today by video conferencing and calling, and those who submitted their proxies in advance. To sure, we have a complete record of those present, I would ask anyone who has not yet given their name to Computershare to please do so now. I'll help kind of prompt this along by just looking at who's here. So we have Jeff's iPhone. So Jeff's, do you want to just state your name for Computershare, please?

Jeff [ Homberger ].

Perfect. We have Stuart Pasternak, Peter Jones. Santaram, can you -- want to state your name for Computershare, please? One more time? Okay. If you guys don't state your name, you're going to get punted out of the meeting. Okay. Andrew Elinesky, Brad Marks. Brandon is here. David Bains, David is here. Jake Phillips, Marla Baum is here and Rob Fernicola. So I think that accounts for everybody that's here. Okay. With the consent of the meeting, I'll ask [ John Leon ] to act as Secretary of the meeting; and Dave Bains from the company's transfer agent, Computershare, to act as scrutineer. I have been advised that on July 16, 2025, the notice calling this meeting, together with the form of proxy and the management information circular of the company was mailed to each shareholder of Reklaim Limited. I've also been provided with a preliminary scrutineer's report indicating a quorum is present. As such, I declare that this meeting has been duly convened and constituted with the formal report of the -- when the formal report of the scrutineer is available, I will be kept with the -- will be kept with the minutes of the meeting. Each share represented at this meeting is entitled to one vote unless a ballot is demanded. Voting will be conducted and tabulated digitally via the Investor vote online portal. To make the best use of our time today, certain individuals who have been asked to move and second various motions -- have been asked to move and second various motions. This is not intended to limit in any way your right to participate in the meeting. Shareholders who wish to make comments relating to these motions may do so after the motion has been introduced. There will also be an opportunity later to ask general questions. Okay. Let's move on to the financial statements and auditor's report. We will now proceed to the first item of business for the meeting and present Reklaim's audited financial statements for the year ending December 31, 2024, and the interim financial statements to the end of each of the -- and the interim financial statements to the end of the each of the 3- and 6-month periods of the current fiscal year. A copy of the financial statements was previously made available to shareholders. Shareholders do not have to take any action regarding the financial statements. Still, if any shareholder has any questions relating to the statements, I would suggest that they be addressed to me following the meeting. Next up is the reelection of directors. The directors being nominated for reelection today are: Myself, Neil Sweeney, Robert Fernicola, Brad Marks, Jason Maguire and Andrew Elinesky. If reelected, these nominees will hold office until the next Annual Meeting of Shareholders or until their successor is elected or appointed. If there are any questions on this matter -- are there any questions on this matter of business, please state now. Okay. If not, may I ask Stuart Pasternak, the company's CFO, to make a motion to nominate the directors, please?

I nominate that each of the nominees listed in the management information circular as directors of Reklaim Limited.

I second the nominations.

That's Jake Phillips seconding the nominations. Perfect. Any other further nominations? As there are no further nominations, I declare nominations closed. Okay. I'll now ask Stuart to move and Jake to second a formal motion for the election of each of the individuals nominated as directors of the company.

Mr. Chair, I so move.

Second?

Mr. Chair, I second the motion.

Thank you. In reference to the report on proxies that Computershare prepared as of August 8, 2025, we have the total number of votes cast for each director. Can I ask the scrutineer to read out the total number of votes cast for, against and abstaining for each director and confirm that the percentage of the total number of votes cast for each director is sufficient for the motion to pass.

Thank you, Neil. In regards to the report on proxies for the directors, Neil Sweeney, for votes was 53,375,835; withheld/abstain was 14,570. Percentage of votes cast for was 99.97%, withheld was 0.03%. For Robert Fernicola, for shares that were voted in favor is 53,323,369; withheld/abstain is 67,036. Percentage of votes cast for is 99.87%, withheld/abstain is 0.13%. For Brad Marks, number of shares voted for is 53,323,404; withheld/abstain is 67,001. Percentage of votes cast is 99.87% for; withheld/abstain is 0.13%. For Jason Maguire, number of shares voted for is 53,323,369; withheld/abstain was 67,036 shares. Percentage of votes cast for was 99.87%; withheld/abstain is 0.13%. And for Andrew Elinesky, number of shares voted for is 51,113,404; withheld/abstain 2,277,001. Percentage of votes cast is 95.74% for; withheld/abstain was 4.26%. Thank you.

Perfect. Thank you. I declare the motion carried. Moving on to the appointment of auditors. The following item of business is the appointment of the company's auditors. Are there any questions on this matter of business? If not, may I please ask Stuart to motion to appoint the auditors and for Jake to second that motion.

Mr. Chair, I move that Davidson & Company LLP be appointed the auditors for Reklaim Limited to hold office until the next Annual Meeting of the Shareholders or until its successor is duly appointed and that the directors of the company be authorized to fix their recommendations (sic) [ remuneration ].

I second the motion.

Thank you. We'll now vote on the motion. In reference to the report on proxies that Computershare prepared dated August 8, 2025, we have the total number of votes cast for the motion. Can I ask that the scrutineer to read out the total number of votes cast for and against this motion and to confirm the percentage of the total number of votes cast in favor of the motion.

Thank you, Neil. In regards to the appointment of auditors, number of shares voted for this resolution was 63,987,436 shares. Number of shares withheld/abstained was 1,821,841. In regards to percentage of votes cast for would be 97.23%, withheld/abstain was 2.77%.

Perfect, sir. Thank you. I declare the resolution carried. Now we're going to move to the conclusion of the meeting. We have completed the formal part of the meeting. If there's no further business, I'll now ask Stuart for a motion to terminate the meeting.

Mr. Chair, I move that we conclude the meeting.

Mr. Chair, I second the motion.

Perfect. On behalf of the management and the Board, I'd like to thank you for attending today. Now that the formal part of the meeting has been concluded, happy to take any questions. Just please note that we have not done our Q2 financial statement yet. That's going to come out in probably the next couple of weeks. So if you're alluding to anything that is going to be in that statement, we'll defer to answering those questions. Okay. Great. Thanks, everybody. Appreciate your time.