Transcontinental (TCL-A) AGM 2025 summary

Opening remarks and agenda

• The meeting was held virtually, with bilingual access and instructions for participation and voting provided to shareholders.

• Quorum was confirmed, and the meeting was declared duly convened and constituted.

Board and executive committee updates

• The board consists of 10 directors, with a majority being independent and 50% women.

• Serge Boulanger joined the board, bringing extensive retail industry experience.

• All nominated directors were re-elected for the next term.

Corporate governance

• A consultative vote on executive compensation was held, with the majority in favor of the disclosed approach.

• KPMG was reappointed as auditor for the current fiscal year, with the board authorized to set their remuneration.

• The board maintains a strong focus on diversity, independence, and sustainability.