EPSO-G Calls for Extraordinary Meeting of Shareholders
In a significant move for the shareholders, the Board of New Energy Group EPSO-G has convened an Extraordinary General Meeting. This meeting represents a critical step in the governance and oversight of the company's financial practices.
Purpose of the Meeting
The primary reason for calling this meeting centers around the selection of an audit firm for UAB EPSO-G, along with establishing the terms of payment for audit services spanning the years 2026 to 2028. This decision is essential to ensure compliance with financial regulations and to uphold transparency within the organization.
Agenda for Discussion
Among the important topics on the agenda, one stands out:
- Selection of the audit firm for UAB EPSO-G and determining the payment terms for the 2026-2028 audit services.
Proposed Resolution
The proposed resolution includes the selection of KPMG Baltics, UAB as the audit firm responsible for reviewing EPSO-G's consolidated and financial statements. Their work is vital as it will adhere to the International Financial Reporting Standards recognized by the European Union. The draft resolution also sets a proposed remuneration of up to EUR 433,675 excluding VAT for their services during this period.
Overview of EPSO-G and its Holdings
EPSO-G functions as a pivotal holding company comprising six direct subsidiaries: Amber Grid, Baltpool, Energy Cells, EPSO-G Invest, Litgrid, and Tetas. This diversified structure not only enhances operational efficiencies but also strengthens the market position. Moreover, EPSO-G and its group of companies maintain stakes in various entities, including Rheinmetall Defence Lietuva, enhancing their influence in the defense sector as well. The Ministry of Energy of the Republic of Lithuania exercises the rights and obligations of EPSO-G's sole shareholder, reinforcing the connection between governance and public energy management.
Contact Information for Shareholders
For further details regarding the Extraordinary General Meeting, shareholders and interested parties are encouraged to reach out to the communication partner of EPSO-G:
Gediminas Petrauskas
Tel: +370 610 63306
Email: gediminas.petrauskas@epsog.lt
Frequently Asked Questions
What is the purpose of the Extraordinary General Meeting?
The meeting aims to select an audit firm for UAB EPSO-G and determine payment terms for 2026-2028.
Who will conduct the audit for EPSO-G?
KPMG Baltics, UAB is proposed as the audit firm to perform the audit of the financial statements for EPSO-G.
What is the duration of the audit services?
The audit services will cover the financial years from 2026 to 2028.
How much is the proposed remuneration for the audit services?
The proposed remuneration for the audit services is up to EUR 433,675, excluding VAT.
Who oversees EPSO-G's shareholder rights and obligations?
The Ministry of Energy of the Republic of Lithuania exercises the rights and obligations of EPSO-G's sole shareholder.
