Parex Resources (PXT) AGM 2025 summary

Opening remarks and agenda

• Meeting held in a hybrid format, allowing both in-person and virtual participation for shareholders and proxy holders.

• Attendees were informed about the recording and privacy considerations, and a Q&A session was scheduled.

• Introduction of board members and key executives, including acknowledgment of retiring directors for their service.

• Secretary and Scrutineer for the meeting were appointed to ensure proper conduct and record-keeping.

Board and executive committee updates

• Two directors, Bob Engbloom and Lisa Colnett, retired from the board and were thanked for their contributions.

• New and existing directors, including Lynn Azar, Sigmund Cornelius, Mona Jasinski, Jeff Lawson, Wayne Foo, Bob McDougal, Glenn McNamara, Imad Mohsen, and Carmen Sylvain, were nominated for election.

Corporate governance

• Quorum was confirmed, and the meeting was declared properly constituted for business.

• Voting was conducted both in-person and virtually, with advance votes tabulated and final votes collected during the meeting.

• All resolutions, including director appointments, auditor appointment, and executive compensation, were approved by more than the requisite majority.

• Results of the votes and Scrutineer's report to be included in the meeting minutes and disclosed via press release and SEDAR Plus.