Telesat (TSAT) AGM 2024 summary

Opening remarks and agenda

• Meeting was called to order by the CEO, with rules for virtual participation and voting outlined, including privacy and consent requirements.

• The agenda included presentation of financial statements, election of directors, appointment of auditors, and approval of an Omnibus Plan amendment.

Board and executive committee updates

• Ten individuals were nominated and confirmed as directors, with designations from PSP Investments and MHR Fund Management.

• All nominees confirmed their willingness and eligibility to serve.

Corporate governance

• Voting procedures ensured compliance with Canadian control requirements, including the use of a Golden Share if necessary.

• Canadian status declarations were required for all voting participants to track eligibility.