ARC Resources Ltd. (ARX) Earnings Call Transcript

Good morning. Ladies and gentlemen, I'm Mike Culbert, the Chair of the Board of Directors of ARC Resources. And it is my pleasure to welcome you to the Special Meeting of the Shareholders of ARC Resources. In order to cover the business of the meeting within a reasonable period of time, we have prearranged with certain persons to move and second special resolutions to be considered. And with that, we will now move to the formal part of our proceedings in accordance with the interim order of the Court of King's bench. I will chair the meeting today, and we'll now call the meeting to order. I've asked Grant Zawalsky to act as secretary of the meeting; and Stephanie Tuss, Computershare Trust Company of Canada to act as scrutineer. I can confirm I have received an affidavit of mailing of from the scrutineer as to the mailing of the notice of the meeting and all other meeting materials to ARC shareholders on record as of June 1, the record date for the meeting. Pursuant to the interim order granted by the Court of Kings Bench of Alberta, in respect to the proposed arrangement, a quorum for the meeting is 2 persons present, each being a shareholder of ARC or a duly appointed proxy holder or representative for the shareholder holding or representing a proxy at least 25% of the ARC common shares entitled to be voted at this meeting. The scrutineer report has been received and I confirm there is a quorum of ARC shareholders present at this meeting. I declare that this meeting is regularly called and properly constituted for the transaction of business. The only matter to be considered at this meeting is a special resolution, the full text of which is available in Appendix A of the management information circular and the proxy statement dated June 9, 2026, and to prove the plan of arrangement involving ARC, Shell PLC, Shell Canada Limited and the shareholders of ARC under Section 193 of the Business Corporations Act of Alberta, all as more particularly described in the information circular. We will conduct the voting by electronic ballot on the Lumi platform. Instructions on how to ask questions and information regarding the voting procedure will appear on your screen. If you have previously voted, you do not need to vote again when prompted. By voting again, you will revoke any previous vote made prior to the voting cutoff. Voting is open for the resolution, which will allow you to choose to vote immediately or wait until the conclusion of discussion prior to casting your vote. Once discussion has concluded, voting will be closed and the results will be tallied by the scrutineer and provided at the end of the meeting. The detailed voting results will be disclosed by news release following the meeting. Pursuant to the interim order of the Court of King's Bench, Alberta, the number of votes required to pass [Technical Difficulty] I will now end. And proxy statement of ARC dated June 9, 2026, be approved.

My name is Jenny Monroe, and I second the motion.

Grant, are there any questions on the motion from registered ARC shareholders or proxy holders?

There are no questions.

Thank you. We have now concluded the items of business. We will pause for a moment to allow shareholders to complete the vote online. [Voting]