Okay, welcome to the annual general meeting of shareholders of Plurilock Security Inc. I'm Ali Hakimzadeh, the Executive Chair and Director of the company. In accordance with the articles of the company and with the consent of the meeting, I will act as chair of the meeting. First item is appointment of secretary and scrutineer. I appoint Jan Urata of Take It Public Services Inc. to act as recording secretary of the meeting. Computershare Investor Services Inc., the company's transfer agent, has provided us with a scrutineer. Therefore, I appoint Mita Garcia to act as scrutineer of the meeting. We will now proceed with the formal portion of today's meeting. To expedite the formal business of the meeting and in accordance with the articles of the company, I will propose all motions. A seconder is not required. Notice of meeting.
The company used notice and access to deliver the meeting materials to shareholders on July tenth, two thousand and twenty-four. A notice and access notification and proxy was mailed to all shareholders of record as on July second, two thousand and twenty-four, and the meeting materials, including the management information circular, dated July second, twenty twenty-four, were posted on the company's website and on SEDAR+, pursuant to notice and access. A sufficient supply of printed circulars was provided to Broadridge Financial Solutions, Inc. and Computershare for any shareholders requesting a copy. Unless there are any objections, I propose we dispense with the reading of the notice of the meeting. The affidavit of mailing was provided by Computershare in accordance with the articles of the company, which will be filed with the minutes of the meeting. Scrutineer's report and quorum.
I now ask that the scrutineer read her report on the attendance of the meeting.
Okay, there are 59 shareholders represented in person or by proxy, with 10,247,849 shares, representing 23.85% of the issued and outstanding shares as of the record date, which is 42,963,374 shares.
I adopt the report of the scrutineer and declare the attendance of this meeting to be as therein set out. I declare that there is quorum of shareholders present, and this meeting has been regularly called and properly constituted for the transaction of business. Financial statements. The first item of business is the presentation of the audited, consolidated financial statements of the company for the year ended December 31, 2023, and related management's discussion and analysis and the auditor's report thereon. The financial materials were filed on SEDAR+, in accordance with the securities legislation. Accordingly, unless someone specifically requests that I do so, I would propose that the auditor's report not be read at the meeting and will be considered, then, received by shareholders as submitted to the meeting. Setting number of directors.
The next item of business is setting the number of directors at five. Is there any discussion on this motion? Hearing none, I move to set the number of directors at five. I declare the motion carried. The election of directors. The next item of business is the election of directors. The board of directors presently consists of five directors whose terms of office are deemed to have expired today, pursuant to the company's articles. The circular contains the names of five persons who are proposed for election of this meeting. These five proposed nominees are Ian Paterson, William Edward Hammersla III, Jennifer Swindell, Blake Corbet, and Ali Hakimzadeh. Is there any discussions regarding this motion?
Hearing none, I declare that the persons nominated have been elected directors of the company by acclamation to hold office until the next annual meeting of shareholders of the company, subject to the provisions of the articles of the company or the British Columbia Business Corporations Act. Appointment of auditors. The next item of business is the appointment of the company's new auditors, who were appointed on July 2, 2024. Is there any discussion on this motion? Hearing none, I move to appoint MNP LLP, chartered professional accountants, as auditors of the company until the next annual meeting of the shareholders of the company or until successor is appointed at a remuneration to be fixed by the directors. I declare the motion carried. Approve adoption of Omnibus Incentive Plan.
The next item of business is the consideration of an ordinary resolution of disinterested shareholders to ratify and approve the adoption of the company's Omnibus Incentive Plan, as described in the circular. With the permission of the meeting, I will dispense with the reading of the resolutions to the meeting, the full text of which is set forth on pages 21 and 22 of the circular. Any discussions on this resolution? Hearing none, I approve the resolution of disinterested shareholders to ratify and approve the adoption of the company's Omnibus Incentive Plan. I declare the motion carried. Approve grant of stock options and approve insider participation limits. The next item of business is the consideration of an ordinary resolution of disinterested shareholders to ratify and approve the grant of stock options and approve insider participation limits, as described in the circular.
With the permission of the meeting, I will dispense with the reading. The resolution of the meeting, the full text of which is set forth on pages 23 to 24 of the circular. Any discussions of this resolution? Hearing none, I move to approve the resolution of disinterested shareholders to ratify and approve the grant of options, approve insider participation limits. I declare the motion carried. Approve grant of restricted share units and approve insider participation limits. The next item of business is the consideration of an ordinary resolution of disinterested shareholders to ratify and approve the grant of restricted share units and approve insider participation limits as described in the circular. With the permission of the meeting, I will dispense with the reading, the resolution to the meeting, the full text of which is set forth on page 25 of the circular.
Is there any discussion on this resolution? Hearing none, I move to approve the resolution of disinterested shareholders to ratify and I, and approve the, grant of restricted Share Units and approve insider participation limits. I declare the motion carried. Termination of the meeting. This completes the formal business of the meeting, and a motion for the termination of this meeting is now in order. I move that this meeting be terminated. I declare the motion carried. Management of the company can now proceed to provide an update on the company's progress or answer any questions that there may be. Any questions from those present on, on the call here? Okay. Well, we've got a number of guests, that I don't recognize. If, if you have any questions, please, unmute and, ask away.
Otherwise, maybe I'll ask Ian for a very brief overview of our current business.
Thanks, Ali. I'll just fill in here in case anybody else has questions, but we're very excited about the prospects that we have ahead of us. A lot of the hard work that was led by Scott, our CFO, who joined us last summer and who's present on the line, we are now seeing the fruits of. So a lot of the work that we've done this past fall, a significant amount of work that we had done this past spring, we are now realizing the benefit of that. We've put forth a number of announcements recently, including a significant $6 million purchase with the U.S. Department of the Treasury.
This morning, we announced the filing of a new patent kind of around the area of data loss prevention and CASB, which is a very important part of cybersecurity. We've announced some additions to the team, including Joe Sexton, who was formerly a board member at CrowdStrike, and as an operator, he was president of a company called AppDynamics, which sold to Cisco for $3.7 billion. He's also on the boards of cybersecurity heavyweights Menlo Security and Aqua Security. So just phenomenal phenomenal operator, phenomenal leader in the cybersecurity ecosystem. He joined a couple weeks ago. Similarly, we announced Bryan Cunningham, who was a former CIA case officer.
He was also a lawyer that worked in the National Security Council inside the White House, and he was a very early team member at Palantir. So these are the types of news items that we're excited about. The team is very motivated. We're having regular contacts with our customers. I will say that the need for cybersecurity continues to be high. Just this past week, I received two phone calls from Canadian business owners who had suffered cyberattacks. In one case, they lost tens of thousands of dollars of financial assets, both crypto as well as real cash assets. In another case, the business was taken completely offline due to ransomware. So this just really underscores how important cybersecurity is.
Plurilock is extremely well positioned to succeed in this area. I will say that in conversations with capital markets providers over the last couple of months, one of the common pieces of feedback that Ali and I have heard when meeting these folks is how few opportunities there are to invest in growth names in cybersecurity. Of course, there's the Palantir and the Palo Alto Networks and the CrowdStrike of the world, but very few public cybersecurity providers. So we're excited. The team is very energized. We're getting a lot of gratification from the work that we are doing with our customers, and we're very focused on creating value for all stakeholders, including shareholders. With that, I will turn it back to yourself, Ali.
Okay. Well, if there is nothing else, then thank you very much, everybody, for attending, and look forward to hearing from you by telephone, by email, or at the next AGM. Thank you.
Thank you all.