Hello, and welcome to the annual meeting of shareholders of dLocal Limited. Please note that today's meeting is being recorded. During the meeting, we'll have a question-and-answer session. You can submit questions or comments at any time by clicking on the Q&A tab. It is now my pleasure to turn today's meeting over to Pedro Arnt . The floor is yours.
Thank you, Operator. Good morning and welcome to dLocal Limited's annual general meeting. The meeting will now come to order. I'm Pedro Arnt, the CEO of dLocal , and I thank everyone for being here today. I will be acting as chairperson of the meeting. Before we continue with proceedings, I'd like to remark that our company policy is to conduct the AGM focused on the matters to be submitted to a vote of the shareholders and to table questions submitted by attending shareholders. We will continue to carry out our business updates during our regularly scheduled quarterly earnings calls. Should you wish to submit a question during the meeting, please click on the Q&A icon at the top of the right side of your screen, type your question into the text box, then click on the Send icon at the right of that text box.
Please note that in the interest of all shareholders, we will only address those questions that are pertinent to the scope of the meeting and at the appropriate moment. We ask that you please restrict your remarks to the items on the agenda. The company has appointed Donna Bent from Computershare to act as inspector of elections at this AGM, and Computershare will remotely tabulate the votes. Any questions will be answered before the announcement of the voting results. If you have joined this meeting as a guest rather than as a shareholder, you will not be able to participate or submit questions. Thank you to everyone for your cooperation with the rules of conduct for the meeting, which can be viewed by clicking on the Documents icon at the top right of your screen.
I will now ask the inspector of elections to give the update on the qualification of this meeting to proceed.
This meeting is held pursuant to a written notice sent to all shareholders of record as of the close of business on November 5th, 2025. The meeting notice was accompanied by the proxy statement, the form of proxy, and the annual report on Form 20-F of the company for the fiscal year ended December 31st, 2024. These documents will be filed with the records of this meeting. Thank you, Mr. Chairman.
Madam Inspector of Elections, do we have a quorum?
Yes. As set out in the Articles of Association of the company, one or more shareholders holding not less than one-third in aggregate of the voting power of all shares in issue and entitled to vote, present in person or by proxy, or if a corporation or other non-natural person, by its duly authorized representative, constitutes a quorum of the shareholders and all legal requirements for holding this meeting has been satisfied. Thank you, Mr. Chairman.
Thank you. Therefore, this meeting is lawfully convened and ready to transact business. Shareholders have received a copy of the meeting notice, which is also the agenda of this meeting, which includes the matters to be submitted to a vote of the shareholders. Shareholders attending the AGM in person were asked to register as you entered. If you have already mailed or electronically delivered your proxy, there is no need to complete a ballot at this time unless you would like to change your vote, in which case you may do so by using this electronic platform and clicking on the Vote tab. I now request that the inspector of elections submit a report of the number of shares that are represented at this AGM.
There were 165,673,366 Class A shares and 129,054,192 Class B shares entitled to vote as of October 21st, 2025, record date, and 97,018,912 Class A shares and 116,424,718 Class B shares are present at the meeting. Thank you.
Thank you. We will now proceed to the matters to be voted on. The first item of business is a proposal to pass and approve the following resolution: to resolve, as an ordinary resolution, that the company's financial statements and the auditor's report for the fiscal year ended December 31st, 2024, be approved and ratified. I will pause briefly to allow for any comments or questions to be submitted via the Q&A icon at the top of the right side of your screen. I will now move on to the second item of business that is a proposal to pass and approve the following resolution: to resolve, as an ordinary resolution, that Mr. William Pruitt shall be elected as an independent director of the company following his appointment as interim director by the board of directors of the company on July 2nd, 2025.
I will pause briefly once again to allow for any comments or questions to be submitted via the Q&A icon at the top of the right side of your screen. Good. I hereby declare the polls closed. The inspector of elections will now tabulate the votes and report the preliminary results before the close of this meeting. I would now like to open the floor for questions and answers. Please note that in the interest of all shareholders, we will only address those questions that are pertinent to the scope of this meeting. If there are no questions or comments, I have been advised by the inspector of elections that the tallies are now available, and I will ask the inspector of elections to read them.
On the proposal to resolve, as an ordinary resolution, that the company's financial statements and the auditor's report for the fiscal year ended December 31st, 2024, be approved and ratified. The proposal has received a majority of the votes cast from the holders of shares present in person or represented by proxy and entitled to vote on the approval of the appointment of the director. On the proposal to resolve, as an ordinary resolution, that Mr. William Pruitt shall be elected as an independent director of the company following his appointment as interim director by the board of directors of the company on July 2nd, 2025, the proposal has received a majority of the votes cast from the holders of shares present in person or represented by proxy and entitled to vote on the approval of the appointment of the director. Mr.
Chairperson, the final results of the shareholder votes reflect in all proxies received by mail through the close of this meeting, and any votes cast in person during this meeting with respect to the proposal will be included in the minutes of this meeting, and the final results of this meeting will be released to the market through a current report on Form 6-K. Thank you, Mr. Chairman.
Thank you, Ms. Inspector. This meeting is now concluded. I want to thank everyone for attending today's meeting and for the support you have shown for dLocal Limited throughout.
This concludes the meeting. You may now disconnect.