Verde AgriTech (NPK) AGM 2024 summary

Opening remarks and agenda

• The meeting began with a delay due to technical issues connecting the TSX scrutineer, but the agenda was adjusted to start with the company presentation while resolving the issue.

• The formal AGM was called to order once quorum and technical requirements were met, with Filipe Paolucci elected as chairman.

Financial performance review

• The company highlighted strong operational capacity, with production facilities capable of 3 million tons per year and no need for further capital expenditure at this stage.

• Significant cash flow is expected from current operations, and the company is focused on maximizing EBITDA at existing capacity.

• Over 3 billion tons of NI 43-101 compliant mineral resources were reported, supporting long-term growth and carbon capture potential.

Board and executive committee updates

• Hannah Oh was appointed as an Independent Director and will serve on key committees.

• Marcelo Duarte's appointment as Independent Director is pending regulatory approval in Singapore.

• Cristiano Veloso, Renato Gomes, and Fernando Prezzotto were re-elected as directors.

• Luciana de Oliveira Cezar Coelho and Madeleine Lee Su Xin retired from the board, with appreciation noted for their service.