Thunderbird Entertainment Group (TBRD) EGM 2026 summary

Opening remarks and agenda

• Meeting convened to consider and vote on a special resolution regarding an arrangement with Blue Ant Media Corporation.

• Emphasis on virtual participation to maximize shareholder involvement.

• Only registered shareholders and duly appointed proxy holders as of the record date could participate, vote, and ask questions.

• Notice of meeting and related materials were distributed in compliance with legal requirements.

• Quorum confirmed as present, allowing the meeting to proceed.

Specific resolutions to be voted on

• Sole item of business: approval of a special resolution for an arrangement under which Blue Ant would acquire all issued and outstanding shares.

• Shareholders could elect to receive CAD 1.77 in cash per share, 0.2165 Blue Ant shares per Thunderbird share, or a combination, subject to a CAD 40 million cash cap.

• Approval required at least two-thirds of votes cast by shareholders present or represented by proxy.

Corporate governance

• Strategic review committee of independent directors led the review and negotiation process for the arrangement.

• Both the committee and the board unanimously determined the arrangement was in shareholders' best interests, with one director abstaining.

• Board recommended shareholders vote in favor of the resolution.