Good morning, ladies and gentlemen. My name is Rob Hall. I am Chair of the Board of Yellow Pages Limited. It is my pleasure to welcome you to our annual general meeting and special meeting of shareholders. Let me now formally open the meeting. In accordance with the bylaws of Yellow Pages Limited, I shall act as Chair of the Meeting, and Philip Samman, General Counsel and Corporate Secretary, will act as Secretary of the Meeting. I am also joined by Sherilyn King, President and Chief Executive Officer, and Assunta Tortis, Vice President and Chief Financial Officer. Now it is my pleasure to introduce you to the directors who are standing for election or re-election in addition to Ms. King and myself. Treena Cooper, Vice President, Legal, and General Counsel at IPEX Management Inc. Craig Forman, General Partner of NextNews Ventures. Martin Harrison, Group Financial Officer at Wynn Resorts. Before we begin, I would like to say a few words about the proceedings of this meeting. As set out in the management information circular sent to all shareholders, the business of today's meeting is to elect the directors of Yellow Pages Limited, appoint the external auditor, and to vote on the special resolution authorizing and approving an arrangement with the corporation. Specifically, pursuant to the interim order of the Supreme Court of British Columbia rendered May 1st, 2026. If deemed advisable, shareholders will be asked to vote to pass with or without variation, a special resolution to authorize and approve an arrangement of the corporation under Section 288 of the Business Corporations Act of British Columbia. The full text of which is set forth in Schedule D of the circular, or as more particularly described in the circular. The arrangement in question provides for the repurchase by the corporation from its shareholders pro- rata of an aggregate 2,037,489 common shares, representing approximately 14.8% of the number of outstanding shares on April 7th, 2026, at a purchase price of CAD 12.27 per share. I would ask Sama Ahmed of Broadridge to act as scrutineer. The secretary has informed me that Yellow Pages Limited has received confirmation from Broadridge that the notice of 2026 annual general meeting and special meeting of shareholders and notice of availability of meeting materials were sent together with a form of proxy to all shareholders entitled to vote at the meeting. The meeting materials being a copy of the notice of annual meeting of shareholders, the management proxy circular, and to those who requested it, the 2025 annual report, including Yellow Pages consolidated financial statement, were made available to all shareholders via notice and access. I direct that a copy of each of these documents, along with Broadridge's affidavit confirming that the notice of a 2026 annual general and special meeting of shareholders and notice of availability of meeting materials, together with a form of proxy, were sent to shareholders in accordance with the interim order of the Supreme Court of British Columbia rendered May 1st, 2026, be kept by the secretary in the records of Yellow Pages. Philip, have you received the scrutineer's report confirming the number of common shares represented and to be voted at this meeting? Mr. Chair, I am advised by the scrutineer that 11,671,793 common shares representing 84.83% of the issued and outstanding common shares are represented at this meeting, well in excess of the required quorum. I therefore declare that this meeting is regularly called and properly constituted for the transaction of all business for which it is called. Before we proceed to the business of the meeting, I would like to briefly comment on the procedures for voting and asking questions. To facilitate the formal business of the meeting, Assunta Tortis will propose and Philip Samman will second the formal motions. At any time during the meeting, registered shareholders who have not already provided voting instructions or appointed a proxyholder that are logged on and wish to vote their shares may do so by selecting their vote for each motion and clicking on the submit button on your screen once all of your selections are complete. Duly appointed proxyholders may also vote now using the same method. The polls will remain open until just before the conclusion of a formal business of the meeting. Shareholders or duly appointed proxyholders may ask questions at any time during the meeting by submitting the question in writing in the question box on your screen. We will respond to relevant questions received on each matter of formal business at the time it comes before the meeting. Relevant questions that are not received by that time or which do not relate to the formal business of the meeting will be addressed in the question and answer session following the conclusion of the meeting. If you have voted your shares prior to the start of the meeting, your vote has been received by the scrutineer and there is no need to vote those shares during this meeting, unless you are a registered shareholder or duly appointed proxyholder and wish to revoke or change your vote. We have been advised by the scrutineer that based on the proxies already deposited with them, enough votes have been cast to carry each of the motions. The first item on the agenda for today's annual general meeting is a reception of a 2025 annual report of Yellow Pages, including Yellow Pages' consolidated financial statements for the year ended December 31st, 2025, and the auditor's report there on. A copy of the 2025 annual report of Yellow Pages was sent to all shareholders who requested a copy. The annual report was also made available on the company's website and on SEDAR. As you have had the opportunity to review the annual report, I would ask the secretary to include in the minutes of this meeting the 2025 annual report of Yellow Pages, including the consolidated financial statements of Yellow Pages for the year ended December 31st, 2025, and the auditor's report thereon. The next item on the agenda relates to the election of directors of Yellow Pages. In the proxy circular, Yellow Pages Limited proposes five individuals as directors of Yellow Pages. I invite Assunta Tortis to introduce a motion proposing the nomination and election of these five individuals as directors of Yellow Pages. My name is Assunta Tortis, I move that Sherilyn King, Treena Cooper, Craig Forman, Rob Hall, and Martin Harrison be elected as directors of Yellow Pages Limited. Thank you. Yellow Pages has not received notice from any shareholder of other nominations of persons for election as a director of Yellow Pages pursuant to Section 10.11 of the articles of Yellow Pages Limited, which provides for, amongst other things, advance notice of nominations of directors. Notice of any such nominations was required to be delivered to Yellow Pages on or before May 11th, 2026, being 30 days prior to this annual meeting of shareholders. Since there can be no further nominations, I declare the nominations closed. Philip, have we received any questions relating to this item of business? No, we have not. As a reminder to registered shareholders and duly appointed proxy holders voting at the meeting, to vote on this item of business, under item one in the voting section on the right-hand of your screen, you will find listed the names of the five nominees for election to the board of directors listed in the management information circular. For each nominee, you may vote for or withhold from voting in respect of that nominee. If you have already provided voting instructions or submitted a proxy, you need not vote on this matter. I have been advised by the scrutineer that a significant majority of the proxies received by management prior to the meeting have been voted for the election of each of the persons nominated to serve as directors. I confirm that the five director nominees named in the management information circular have been elected as directors. The next item on the agenda concerns the appointment of auditors for Yellow Pages for the fiscal year in progress and authorization for the directors of Yellow Pages to fix their remuneration. Yellow Pages recommends the reappointment of Deloitte LLP Chartered Accountants as Auditors of Yellow Pages to hold office until the next annual meeting of shareholders. I invite Assunta Tortis to make the necessary motion. My name is Assunta Tortis, and I move that Deloitte LLP Chartered Accountants be reappointed as Auditors of Yellow Pages Limited for the fiscal year in progress, and that the directors of Yellow Pages be authorized to fix their remuneration. I invite Philip Samman to second the motion. My name is Philip Samman, and I second the motion. The motion is duly made and seconded. Philip, have we received any questions relating to this item of business? No, we have not. As a reminder to registered shareholders and duly appointed proxy holders voting at the meeting, to vote on this item of business, under item number two in the voting section on the right-hand side of your screen, you may vote for or withhold from voting in respect of this motion. You may not vote for any accounting firm other than Deloitte LLP Chartered Accountants. If you have already provided voting instruction or submitted a proxy, you do not need to vote on this matter. The last item on the agenda is to consider and to pass a special resolution to authorize and approve an arrangement of Yellow Pages pursuant to Section 288 of the Business Corporations Act of British Columbia. The full text of the arrangement resolution is set out in Schedule D of the management information circular of Yellow Pages dated May the 1st, 2026. For all of the reasons set forth in the management information circular of Yellow Pages, the company's board of directors has unanimously recommended that shareholders vote for the arrangement resolution. The arrangement resolution must be passed by at least 2/3 of the votes cast by shareholders present in person or represented by proxy at this meeting. I move that the arrangement resolution be approved. The motion resolution is now on the floor, Philip. Have we received any questions or comments on the resolution? No, we have not. As a reminder to registered shareholders and duly appointed proxy holders voting at the meeting to vote on this item of business under item number three in the voting section on the right-hand side of the screen, you may vote for or against from voting in respect of this motion. I have received the scrutineer's preliminary report on voting based on votes cast by the management proxy holders and confirm that more than 66 and 2/3% of votes cast at the meeting are in favor of the special resolution approving the arrangement. I confirm that the special resolution approving the arrangement has passed. I direct the scrutineer to prepare a final report of the results of voting on the arrangement resolution. The final results will be announced in a press release and filed on SEDAR+. Since there are no other matters of business to come before the formal part of the meeting, the meeting is terminated. I would like to thank you for your participation and for your interest in Yellow Pages. At this point, we will begin the Q&A for shareholders. Questions can be submitted through the web portal. Phil, Ass unta will read those questions submitted which relate to the corporation's business. [Foreign Language] Philip, have we received any questions? One moment, Rob, while the questions come in. Okay. Of course. We have one question, which will be answered by Assunta Tortis. The question is: why has shareholder equity been expropriated for the third time now without shareholder consent for the purpose of funding the company pension plan? Thanks, Phil. So, the reason we did not seek shareholder consent this time is the voluntary contribution was not part of the plan of arrangement that we are executing at this time. We followed the company process to fund the pension plan, and we did not need shareholder consent in order to make this voluntary contribution. I'll hand it back over to Phil for any more questions. Thank you so much, Assunta. We have no further questions. Thanks, Phil and Assunta. I think it's appropriate now to conclude the question period. Thank you again for attending our meeting today and for your ongoing interest in Yellow Pages. [Foreign Language] This concludes today's meeting. Thank you for joining. You may now disconnect.
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