XP Inc. (XP) Earnings Call Transcript & Summary

Hello, and welcome to the Annual Shareholders Meeting of XP Inc. Please note that today's meeting is being recorded. It is now my pleasure to turn today's meeting over to Fabrício de Almeida, Director of XP Inc. The floor is yours.

Thank you for the presentation. Hello, all. Good morning, and welcome to XP Inc.'s Annual Meeting -- Annual General Meeting. The meeting will now come to order. I am Fabrício de Almeida, Director of the company, I thank you all for coming here today. And we're also here with the Investor Relationship team represented by Bruno Constantino, Antonio and André. I will act as Chairman of the meeting; and [ Flávia ] will serve as Secretary. Shareholders should not address the meeting until recognized. Should you desire to ask a question or speak during the meeting, please make yourself known. After being recognized, please identify yourself and your status as a shareholder or representative of a shareholder, then state or point or ask your question. We ask that you restrict your remarks to the item that is before us. Thank you for your cooperation with these rules. I ask the Secretary to give the update on the qualification of the meeting to proceed.

This meeting is held pursuant to a written notice sent to all shareholders of record as of the close of business on September 1, 2021. The notice was accompanied by the form of proxy and refer to copies of the following documents being available on the company's website. Each of which are available and presented here at the meeting. Financial statements, management accounts, plan of merger, merger protocol, appraisal report, amended and restated memorandum and Articles of Association.

Thank you, [ Flávia ]. Secretary, do we have a quorum?

Yes. As set out in the Articles of Association of the company, 1 or more shareholders holding not less than 75% in aggregate of the voting power of all shares in issue and entitled to vote present in person or by proxy or, if a corporation or other non-natural person, by duly authorized representative, constitutes a quorum of the shareholders and all legal requests for holding this meeting have been satisfied.

Thank you. The meeting is lawfully convened and ready to be transacting business. You have received a copy of the meeting notice, which is also the agenda of this meeting, which includes the matters to be submitted to a vote of the shareholders. At this time, the polls are now open. And we ask any shareholder who has not yet turned in a proxy and wishes to do so at this time, to make yourself known, so that we may collect your proxy. Shareholders who have sent in proxies, do not need to take any further action at this time. We will now proceed to the matters to be voted on. These are 17 items of business -- there are 17 items of business being proposed to be voted on at this meeting. Each of each proposals is set out in the meeting notice, which will take us having been read and understood by all those persons present at the meeting. The floor is now open for questions and answers. If you would like to address the meeting, please stand and identify yourself and tell us whether you are a shareholder or are appearing by proxy. Alternatively, if you are participating in this meeting virtually by the link provided, and you would like to address the meeting, please indicate that you wish to do so by waiting in the chat function identifying yourself and tell us whether you are a shareholder or are appearing by proxy. Are there any questions or other matters that any of the shareholders would like to present? I will give some more minutes for in case if there are any questions. Okay. No questions. There being no questions on any of the proposals, I hereby declare the polls closed. The secretary will now tabulate the votes and report the preliminary results before the close of the meeting. If there are no further questions or comments, I have been advised by the Secretary that the tallies are now available, and I will ask the Secretary to read them.

All proposals have been passed by the requisite majority of shareholders present in person or represented by proxy and entitled to vote on them. Mr. Chairman, the final results of the shareholder vote reflecting all proxies received by mail through the close of this meeting and any votes otherwise received by the company with respect to the proposals will be included in the minutes of this meeting and will be published in our Form 6-K after the final results are known and will be available upon request.

Thank you, Secretary. This meeting is now concluded. I want to thank you all for attending today's meeting and for the support you have shown for XP Inc. That's it.

This concludes the meeting. You may now disconnect.