Hello, and welcome to this special meeting of shareholders of Stelco Holdings Inc. It is now my pleasure to turn today's meeting over to Mr. Alan Kestenbaum, Executive Chairman and Chief Executive Officer of Stelco. Mr. Kestenbaum, the floor is yours. Thank you very much. Good morning, ladies and gentlemen. I'd like to welcome you to the special meeting of the shareholders of Stelco Holdings Inc. My name is Alan Kestenbaum. I am the Executive Chairman and Chief Executive Officer of Stelco. With me virtually are the other members of the corporation's senior management team, including Paul Scherzer, Chief Financial Officer, and Paul Simon, General Counsel and Corporate Secretary. With your permission, we will proceed with the formal businesses of the meeting. The meeting will now come to order. Paul Simon is secretary of the meeting. I ask Louise Waltenbury of Computershare to act as scrutineer. The notice calling the meeting, which has been tabled by the secretary, was mailed to shareholders on August 23rd, 2024, with the corporation's management information circular dated August 20th, 2024. We have received confirmation of that mailing from Broadridge and Computershare. Based on the scrutineer's preliminary report, I confirm a quorum is present. The scrutineer's final report will be kept with the records of this meeting. As this meeting is held virtual via live webcast, we think it is necessary to set out a few rules for the orderly conduct of the meeting. First, questions can be submitted using instant messaging service in the virtual interface located at the top of the page. Click on that messaging tab and follow the instructions. Please note that only registered shareholders or their duly appointed proxy holders are entitled to submit questions during the meeting. Second, when asking a question, please indicate your name, which entity you represent, if any, and whether you are a registered shareholder or a duly appointed proxy holder. Third, questions regarding procedural matters may be submitted during the meeting and will be addressed as we are able. Fourth, the purposes of meeting today on all new matters will be conducted by electronic ballot. Registered shareholders and duly appointed proxy holders will be asked to vote on each item of business after the presentation of all items. If you are a beneficial owner of common shares and have not appointed yourself as a proxy holder and are therefore attending this meeting as a guest, you will not be entitled to vote. Fifth, when you're asked to vote, you'll have one minute to vote once the poll is open. I would like to note the following for all attendees that have logged into the meeting using their respective control numbers and have accepted the terms and conditions in attendance. If you have already voted by proxy and you vote again during the online ballot during this meeting, your online vote during the meeting will revoke your previously submitted proxy. If you have already voted by proxy and do not wish to revoke your previously submitted proxy, do not vote again during the online ballot. We will now pursue the formal portion of today's meeting. I now declare the meeting to be properly constituted for the transaction of business. On behalf of the board, I thank those shareholders who have chosen to attend our virtual meeting today. On behalf of the board, I thank the shareholders for attending the virtual meeting today. I also thank those who submitted their proxies. To make the best use of our time, certain shareholders or proxy holders have been asked to move the proposals which are put forward in the notice of the meeting. The next item of business to be considered, which it deems advisable to pass a resolution to approve a plan of arrangement pursuant to which 13421422 Canada Inc., a wholly owned subsidiary of Cleveland-Cliffs Inc., will acquire all of the corporation's outstanding shares. All details concerning the proposed arrangement, including the text of the resolution to be voted upon at this meeting in respect of the proposed arrangement, are contained in the corporation's Management Information Circular dated August 16th, 2024. In order to be approved, the resolution approving the proposed plan of arrangement must be passed by, one, an affirmative vote of at least two-thirds of the votes cast by the shareholders present or represented by proxy at this meeting. two, a simple majority of the votes cast by shareholders present or represented by proxy at this meeting, excluding votes cast by all shareholders whose votes are prohibited or to be excluded pursuant to applicable securities law. Unless there are any objections, I will put to the meeting the resolution in respect of the proposed plan of arrangement, the full text of which is set out in Appendix B of the corporation's management information circular dated August 16th, 2024. Paul, I ask you please to put to the meeting a motion in connection with this item. I move that a resolution in the form of resolution set out in Appendix B of the corporation's Management Information Circular dated August 16th, 2024, be approved. I second the motion.
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