Parex Resources (PXT) AGM 2025 summary

Opening remarks and agenda

• The meeting was called to order by the Chair, who welcomed shareholders and outlined the hybrid format allowing both in-person and virtual participation, including voting and Q&A capabilities.

• Directors and key executives were introduced, and retiring board members were acknowledged for their service.

• The agenda included presentation of financial statements, election of directors, appointment of auditors, an advisory vote on executive compensation, and meeting termination.

Board and executive committee updates

• Two board members, Bob Engbloom and Lisa Colnett, were recognized for their retirement and contributions.

• The board and executive team were formally introduced, including both in-person and virtual attendees.

Corporate governance

• The number of directors to be elected was fixed at nine, with nominations and seconding completed during the meeting.

• The appointment of PricewaterhouseCoopers LLP as auditors was moved and seconded, with remuneration to be set by the board.

• An advisory, non-binding resolution on executive compensation was presented and put to a shareholder vote.