Verde AgriTech (NPK) EGM 2024 summary

Opening remarks and agenda

• Chairman and secretary were appointed with shareholder consent to conduct the meeting.

• Scrutineer from TSX Trust Company confirmed quorum and reported on attendance, with 46 shareholders representing 25.475% of shares.

• Meeting materials, including the Management Information Circular, were distributed to all shareholders.

• Voting procedures and poll process were explained, ensuring only registered shareholders and proxyholders could vote.

Specific resolutions to be voted on

• Ordinary resolution to appoint RSM SG Assurance LLP as auditors until the next annual general meeting, with directors authorized to fix remuneration.

• Special resolution to reduce share capital by distributing Oby Rare Earths Pty Ltd shares to shareholders on a one-for-one basis, with directors authorized to execute the reduction.

Overview of voting outcomes

• Appointment of auditors: 98.172% voted in favor, 1.828% withheld.

• Share capital reduction: 99.085% voted in favor, 0.915% against.

• All resolutions were declared approved and carried.