Mr. Jonathan Price reports
TECK REPORTS VOTING RESULTS FROM SPECIAL MEETING OF SHAREHOLDERS
Teck Resources Ltd. has released the voting results from its special meeting of shareholders held on Tuesday, Dec. 9, 2025. Teck shareholders overwhelmingly voted to approve the special resolution approving the plan of arrangement under the Canadian Business Corporations Act, involving, among other things, the merger of equals of Anglo American PLC and Teck. Ninety-nine point seven per cent of the votes cast by Class A common shareholders at the meeting were in favour of the arrangement resolution, and 89.7 per cent of votes cast by Class B subordinate voting shareholders were in favour of the arrangement resolution.
"This resoundingly positive vote marks an important milestone in creating Anglo Teck -- a global leader in critical minerals headquartered in Canada," said Jonathan Price, president and chief executive officer, Teck. "Anglo Teck will be positioned to deliver long-term value through a world-class copper growth portfolio, operational and functional synergies, and a stronger platform to meet growing demand for critical minerals essential to global economic growth and the energy transition. We look forward to advancing the necessary regulatory approvals and completing the merger for the benefit of our shareholders, employees, communities and partners."
The arrangement resolution required the approval of at least: (a) two-thirds of the votes cast by Class A common shareholders present or represented by proxy at the meeting, voting separately as a class; and (b) two-thirds of the votes cast by Class B subordinate voting shareholders present or represented by proxy at the meeting, voting separately as a class. A total of 6,329,767 Class A common shares, representing 83.3 per cent of the votes attached to all outstanding Class A common shares, and 380,842,347 Class B subordinate voting shares, representing 79.4 per cent of the votes attached to all outstanding shares, were voted at the meeting. Detailed voting results for the meeting will be available under Teck's profiles on SEDAR+ and EDGAR.
As announced earlier today by Anglo American, at the general meeting of Anglo American held earlier on Dec. 9, 2025, shareholders of Anglo American overwhelmingly approved: (i) the allotment and issue of new ordinary shares of Anglo American to Teck shareholders in connection with the merger; and (ii) the change of the name of Anglo American to Anglo Teck PLC with effect from the completion of the merger.
The merger remains subject to customary closing conditions, including approval under the Investment Canada Act and applicable competition and regulatory approvals in various jurisdictions globally and final approval by the Supreme Court of British Columbia. Further information about the merger can be found in Teck's management information circular dated Nov. 3, 2025, for the meeting, which is available under Teck's profile on SEDAR+ and on EDGAR. As disclosed in the circular, prior to the deadline for eligible Canadian Teck shareholders to make an election to receive the exchangeable share consideration under the merger, Teck will provide to registered Teck shareholders a letter of transmittal and election form. The letter of transmittal and election form will explain how to exchange Teck shares for the consideration under the merger and, for eligible Canadian Teck shareholders, how to elect to receive the exchangeable share consideration under the merger. Teck will issue a news release announcing once the letter of transmittal and election form have been made available and providing details on the relevant exchange and election procedures.
About Teck Resources Ltd.
Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. It is focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck has shares listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and on the New York Stock Exchange under the symbol TECK.
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