Announcement for the Annual General Meeting of AB Akola Group
The annual report was updated to ensure completeness.
We are excited to announce the upcoming Annual General Meeting of Shareholders (the Meeting) for AB Akola Group, whose official address is Suba?iaus St. 5, Vilnius, Lithuania, and is identified under the company code 148030011. This is a significant occasion for our stakeholders.
Details of the Meeting
Date and Venue
The Meeting is scheduled for 31 October 2025 at 10:00 a.m. It will take place at Radisson Collection Astorija Hotel, specifically in the Conference Hall OPERA located at Didžioji St. 35/2, in our beautiful capital city.
Shareholder Eligibility
To participate and vote at the Meeting, one must be a shareholder of the Company as of the Accounting Day, which is designated as 24 October 2025. This is critical to ensure that all participants have a genuine stake in the discussions.
Furthermore, the Rights Accounting Day is set for 14 November 2025. Only those shareholders recorded by that date will possess certain proprietary rights.
Meeting Agenda
The total number of shares currently stands at 167,170,481, with 166,573,819 of these shares holding voting rights. Shares owned by the Company, totaling 596,662, do not grant voting rights. We encourage all attendees to be well-informed and ready to engage with the agenda, which includes:
- Reviewing the Audit Committee’s Activity Report along with the Independent Auditor’s Report regarding our Consolidated Sustainability Report.
- Approval of the financial statements for the fiscal year ending on 30 June 2025.
- Decisions on the acquisition of our own shares.
- Discussion around the reserve formation for purchasing own shares.
- Approving the Distribution of Company’s Profit/Loss.
- Revising the Remuneration Policy.
- Updating the Rules for Granting Shares of the Company.
Meeting Registration
The Company’s Board is the initiator responsible for convening this Meeting, which was decided on 10 October 2025. Shareholder registration will open on the day of the Meeting, 31 October 2025, starting at 9:15 a.m. and concluding at 9:55 a.m.
It is important to note that remote voting through electronic communication will not be an option.
Who Can Attend?
Individuals who are shareholders at the closure of the Accounting day are welcome to participate. This also extends to individuals authorized by shareholders, and those who have agreements on voting rights. Identification must be presented at the entry.
Voting Procedures
Every shareholder has the legal right to authorize a representative to vote on their behalf at the Meeting. This includes having complete rights, unless restricted in the power of attorney. Notably, any international power of attorney must be translated and legalized properly.
Supplementing the Agenda
Shareholders holding at least 1/20 of the votes can propose changes to the agenda. Suggestions and supporting documentation must be sent either by registered mail or electronic correspondence, adhering to the stipulated timelines.
Engagement and Inquiries
Shareholders are encouraged to raise questions relating to the agenda, ensuring proactive engagement in our operations. Queries can be directed in writing until three working days prior, protecting the privacy of personal data.
Key Contacts
For additional information or clarification, feel free to reach out to:
Mažvydas Šileika, CFO and Board Member of AB Akola Group
Email: m.sileika@akolagroup.lt
Mobile: +370 619 19 403
Frequently Asked Questions
When will the Annual General Meeting take place?
The Annual General Meeting is scheduled for 31 October 2025 at 10:00 a.m.
Where is the Meeting being held?
It will be held at Radisson Collection Astorija Hotel in Vilnius.
How can I participate in the Meeting?
You need to be a registered shareholder by 24 October 2025 to gain access and the right to vote.
Who can propose changes to the agenda?
Shareholders holding at least 1/20 of the votes can suggest changes to the agenda.
Who should I contact for more information?
You can reach Mažvydas Šileika at the provided email or phone number for any inquiries.
