MEG Energy (OTCPK:MEGE.F) 2025 Extraordinary General Meeting Transcript

Summary of MEG Energy Extraordinary General Meeting Company Overview - Company: MEG Energy (OTCPK: MEGE.F) - Event: 2025 Extraordinary General Meeting - Date: November 06, 2025 Key Points Meeting Proceedings - The meeting was called to order by Jim McFarland, Chair of the Board of Directors, after being recessed from a previous meeting on October 30, 2025 [1] - Darlene Gates, President and CEO of MEG Energy, and Robert Rooney, Director and Chair of the Special Committee, were present to address shareholder questions [2] Voting and Quorum - A quorum was established with 98 shareholders holding $234,356,569, representing 92.13% of the outstanding common shares present in person or by proxy [5] - The special resolution required approval from at least 66.23% of votes cast and 50% excluding votes from Strathcona Resources [7] Special Resolution - The meeting focused on a special resolution for a plan of arrangement involving MEG Energy and Synovus Energy, where Synovus will acquire all issued and outstanding common shares of MEG Energy [7] - The motion to approve the special resolution was moved and seconded by shareholders [8][9] Voting Results - The special resolution was approved by more than 86% of the votes cast by all shareholders and more than 83% excluding votes from Strathcona [11] - Final voting results will be disclosed via press release and filed with the Securities Commission [11] Additional Important Information - The meeting was recorded, and instructions for participation were provided for both in-person and online attendees [4][5] - The Management Information Circular dated September 9, 2025, contains detailed information regarding the special resolution [7]