Overview of the Upcoming Annual General Meeting
With the Annual General Meeting of AUGA Group AB on the horizon, shareholders are gearing up to engage in important discussions regarding the future of the company. As a company undergoing restructuring, AUGA Group AB will outline essential decisions and proposals critical to its governance and strategic direction.
Meeting Details and Agenda
The meeting is scheduled to take place on 29 August 2025, where significant matters will be addressed. The agenda specifically highlights various items important for the Company's financial and operational outlook, including the approval of financial statements and remuneration for Board members.
Proposed Resolutions Overview
As per the agenda, the following resolutions are proposed:
- Consolidated management report and auditor's conclusion for the year 2024.
- Approval of the remuneration report for the Company.
- Sanctioning the consolidated annual financial statements for 2024.
- Approval of the profit allocation for the previous fiscal year.
- Election of new members to the Board of Directors.
- Setting the remuneration for the elected Board members.
- Implementation of the company strategy.
- Amending the Articles of Association.
Board Election Details
In accordance with the approved restructuring plan, the Board will recommend the election of a new Board that will consist of at least two candidates nominated by the creditors. This highlights a collaborative effort towards a more stable corporate governance structure which aligns with the restructuring goals.
Candidates for the Board
Several candidates have been put forth for Board membership:
- Peter Bryde
- Andrej Cyba
- K?stutis Juš?ius
- Ramut? Razmien? (nominated by a major creditor)
- Aleksandras Šutovi?ius (also nominated by a major creditor)
Additionally, shareholder UAB "Proksima zeta" has proposed Giedrius Barcys as a candidate, while ATIISIF "Multi Asset Selection Fund" in conjunction with Willgrow, UAB, recommends Linas Str?lis. This diverse candidacy reflects a broad representation of interests among stakeholders.
Remuneration Strategy for Board Members
For the elected Board members, a new remuneration structure is set as follows:
Monthly compensation will be established at EUR 2,280 before taxes for regular Board members and EUR 3,000 for the Chairman. For members residing abroad, travel-related expenses will be compensated, not exceeding EUR 500 per meeting.
Contact Information
If you have any queries regarding the upcoming meeting or the proposed agenda, please reach out to the CEO of AUGA Group AB, Elina Chodzkait? – Barauskien?, at +370 5 233 5340. She will be happy to assist with any questions you may have.
Frequently Asked Questions
What is the purpose of the Annual General Meeting?
The AGM serves as a platform for shareholders to discuss important matters related to governance, financial performance, and strategic decisions for AUGA Group AB.
When will the Annual General Meeting take place?
The meeting is scheduled for 29 August 2025 at 10:00 AM.
Who can participate in the voting process?
All shareholders of AUGA Group AB are entitled to participate and vote on the proposed resolutions during the meeting.
What are the key items on the agenda?
The main agenda items include financial reports, Board elections, and remuneration decisions for Board members.
How can shareholders provide feedback or raise concerns ahead of the meeting?
Shareholders can contact the CEO for any inquiries or concerns they wish to address before the AGM.
