Announcement of the Annual General Meeting for Shareholders
In accordance with the Law on Companies of Lithuania, the Board of Directors of Public Limited Liability Company "ŽEMAITIJOS PIENAS" is pleased to announce the convening of the Annual General Meeting of Shareholders. This event is designed to bring together all stakeholders for a discussion on the company's performance and future strategies.
Meeting Details
The Annual General Meeting will take place at the registered office of ŽEMAITIJOS PIENAS. Shareholders are encouraged to participate to discuss the agenda items and important decisions regarding the company’s future.
Date and Time
The meeting is scheduled for 29 April 2025, commencing at 14:00 (EET). Shareholders are welcome to register from 13:00 to 13:45.
Location
The venue for the meeting will be the conference hall at AB "ŽEMAITIJOS PIENAS", Sedos g. 35, Telšiai.
Key Dates to Note
In preparation for the meeting, shareholders should be aware of the following record dates:
- Meeting Record Date: 22 April 2025 - Only shareholders who are on record by this date will have the right to participate and vote.
- Property Rights Record Date: 14 May 2025 - Rights will pertain to those who are registered by the end of the business day ten days post-meeting.
Agenda for the Meeting
The following items will be discussed and voted upon during the meeting:
- Organizational matters of the meeting;
- Presentation of the auditor’s report alongside the consolidated annual management report for the year;
- Approval of the consolidated annual financial and activity reports;
- Distribution of profit (loss) for the fiscal year;
- Approval of the remuneration policy for members of the Supervisory Board and the Management Board;
- Establishment of the budget for management body members;
- Formation of a reserve for the acquisition of own shares and outlining the procedure for acquisition.
Important Information for Shareholders
Shareholders are encouraged to participate actively in the decision-making process:
- Advance Voting: Shareholders can cast their votes in advance by sending a completed ballot paper via email to the provided addresses before 29 April 2025 at 13:00. Ballots received post-deadline will not be counted.
- Remote Participation: At this time, remote voting and participation are not supported due to security concerns regarding shareholder identification.
Shareholder Rights
Shareholders holding at least 1/20 of the total votes are entitled to:
- Propose additional agenda items by 15 April 2025, accompanied by a draft resolution or explanation.
- Present draft resolutions on existing agenda items before or during the meeting.
- Submit questions related to the agenda up until 23 April 2025. The company will respond to inquiries submitted before this deadline.
Contacting the Company
For any proposals or inquiries, stakeholders can reach out via:
- Mail directed to: AB "ŽEMAITIJOS PIENAS", Sedos g. 35, Telšiai;
- Email communications can be sent to: info@zpienas.lt.
Meeting Registration and Documents
During registration, shareholders must present a valid personal identification document. Authorized representatives should provide a notarized power of attorney to represent shareholders.
Detailed information regarding the draft resolutions and the general ballot paper will be available at the company’s registered office and the official website of ŽEMAITIJOS PIENAS.
Conclusion
Shareholders of the company can explore the documents, such as the draft resolutions and the general ballot paper, prior to the meeting. Attendance is crucial for participating in the direction of the company.
Frequently Asked Questions
What is the purpose of the Annual General Meeting?
The AGM provides a platform for shareholders to discuss the company's performance, vote on key issues, and shape future strategies.
How can shareholders participate in the meeting?
Shareholders can participate by attending the meeting in person or by submitting advance votes before the outlined deadlines.
What should I do if I cannot attend the meeting?
If unable to attend, shareholders are encouraged to vote in advance to ensure their voice is heard on important decisions.
Are there any rights specific to shareholders for this meeting?
Yes, shareholders have rights to propose agenda items, submit questions, and vote, which they can utilize to influence company operations.
Who can I contact for further inquiries about the meeting?
For inquiries, shareholders can contact Arnas Matuzas at a.matuzas@zpienas.lt.
