MEG Energy (MEG) EGM 2025 summary

Opening remarks and agenda

• Chair welcomed shareholders, confirmed meeting continuation from previous adjournment, and outlined the agenda and procedural matters.

• Legal counsel and scrutineers were introduced, and the presence of key executives and directors was noted.

• Instructions for participation, including Q&A procedures for both in-person and online attendees, were provided.

Specific resolutions to be voted on

• The meeting's primary business was to consider and approve a special resolution for a plan of arrangement under Section 193 of the Alberta Business Corporations Act.

• The arrangement involved Synovus acquiring all issued and outstanding common shares, as detailed in the Management Information Circular.

• The resolution required approval by at least 66.23% of all votes and 50% excluding Strathcona Resources' votes.

• The motion to approve the special resolution was moved and seconded.

Overview of voting outcomes

• Quorum was established with 92.13% of outstanding shares represented.

• The special resolution was approved by more than 86% of all votes and over 83% excluding Strathcona's votes.

• Final results to be disclosed by press release and filed with regulators.