Important Notice to AB Akola Group Shareholders
AB Akola Group is updating its shareholders regarding the forthcoming Annual General Meeting. This meeting is a crucial event for shareholders, providing insights into the company’s direction and key decisions for the year ahead.
Agenda Updates for the Annual General Meeting
The Board of AB Akola Group has recently made a significant decision to add a new item to the agenda for the Annual General Meeting of Shareholders. The meeting is scheduled to take place soon, and shareholders should take note of this new addition.
Details of the New Agenda Item
The new item, numbered 9, pertains to the determination of remuneration for the Audit Committee members. This decision comes in response to the increased demands and workload faced by the Audit Committee during the current financial year.
Proposed Remuneration Structure
The Board has proposed the following remuneration for the Audit Committee members:
- Each member will receive a one-off additional payment of EUR 600 to compensate for the increased workload they encountered throughout the financial year 2023/2024.
- From 2025 onwards, the annual remuneration will be structured as follows: The Chairman of the Audit Committee will receive EUR 1,600, while each member will earn EUR 1,200 annually.
- This annual remuneration is planned to be paid within one month following the Annual General Meeting.
Contact Information for Further Queries
For any inquiries regarding these changes or further information about the meeting, shareholders can reach out to:
Mažvydas Šileika, Chief Financial Officer
Mobile: +370 619 19 403
Email: m.sileika@akolagroup.lt
Final Remarks on the Meeting
This year’s Annual General Meeting is expected to cover several key topics impacting AB Akola Group’s strategic direction. The addition of the remuneration item demonstrates the company’s commitment to ensuring fair compensation for its committees, adapting to the evolving business landscape.
Frequently Asked Questions
What is the new item added to the agenda?
The agenda now includes a item on determining the Audit Committee members' remuneration.
Who will benefit from the new remuneration decision?
All existing members of the Audit Committee will receive the additional remuneration.
When will the Annual General Meeting take place?
The meeting is scheduled for October 31, with the updates being communicated ahead of this date.
What is the total remuneration for the Chairman of the Audit Committee?
The Chairman will earn EUR 1,600 annually starting from 2025.
How can shareholders reach out for more information?
Shareholders can contact CFO Mažvydas Šileika at the provided mobile number or email address.
