Company: PENG
Filing Date: 2025-03-24
Form Type: PRE 14A
Source: 0001193125-25-060930
Chunk: 118

Company: Penguin Solutions, Inc.
Filing Date: 2025-03-24
Form: PRE 14A
Chunk 118
---
 we generally refer to as “ brokers” or “ nominees”), in order to participate in the Scheme Meeting you must obtain an “instrument of proxy” or “legal proxy” from your broker or nominee that holds your Penguin Solutions Cayman shares. If you plan to attend in person and vote your “street name” shares at the Scheme Meeting, you should request such an “instrument of proxy” or “legal proxy” from your broker, bank, or other holder of record and bring it with you to the Scheme Meeting along with proof of identification. If you plan to attend the Scheme Meeting online via live webcast and vote your “street name” shares at the Scheme Meeting, you must use the control number found on your voting instruction form sent in respect of the Scheme Meeting in order to obtain a “legal proxy” and access the Scheme Meeting. You can access the Scheme Meeting at www.virtualshareholdermeeting.com/PENG2025SM at a.m. (Pacific Time in the United States) (being [a.m. / p.m.] Cayman Islands Time) on , 2025, by using the control number found on your voting instruction form. To be approved, the Scheme of Arrangement requires approval by 75% or more of the nominal value of the ordinary shares and convertible preferred shares of Penguin Solutions Cayman shares voted at the Scheme Meeting by the shareholders present and voting (either in person (including via live webcast) or represented by proxy) at the Scheme Meeting. Holders of the ordinary shares and convertible preferred shares of Penguin Solutions Cayman will vote together on the Scheme. Broker “non-votes,”if any, and abstentions, will be disregarded and will have no effect on the outcome of the vote. Voting at the Scheme Meeting will be by way of poll. A-1

A copy of the Scheme of Arrangement and a copy of the Proxy Statement explaining the effect
of the Scheme of Arrangement are incorporated into the composite document of which this notice forms part (the “Proxy Statement”).A copy of the Proxy Statement has been made available on the Investor Relations section of
Penguin Solutions Cayman’s website at https://ir.penguinsolutions.com/investors/default.aspx. Defined terms used in this Notice of Scheme Meeting shall, unless otherwise provided, have the same meanings as in the Proxy Statement.

At the Scheme Meeting the following resolution will be proposed:

“THAT the Scheme of Arrangement (a copy of which has been produced to this meeting and for the purposes of identification signed by the chair