Inviting Shareholders to the Annual Meeting
Attention all shareholders of AB "KN Energies"! The Board has called for an engaging and pivotal Annual General Meeting. This important event is set to take place at 1:00 p.m. in the Company’s administrative office, located at J. Janonio str. 6B, Klaip?da. Mark your calendars and ensure your voice is heard!
Key Agenda Items to Discuss
The meeting will focus on several critical topics that will guide the company's trajectory for the coming year:
Review of Financial Reports
The meeting will kick off with announcements regarding the Auditor’s Report and the Management Report for the previous year. Shareholders will get insights into the Company’s financial health and operational progress.
Approval of Financial Statements
The Board will seek approval for the audited Financial Statements. This step is crucial for ensuring transparency and accountability to the shareholders.
Profit Allocation and Remuneration
Shareholders will also discuss the appropriation of profits from the previous year and review the Company’s Remuneration Report. These deliberations are essential to align the interests of shareholders and management, ensuring sustainable growth.
Participation and Voting Guidelines
For those planning to attend, registration will be open from 12:00 p.m. to 12:55 p.m. on the day of the meeting. It’s essential to bring a personal ID, or if you are an authorized representative, the necessary authorization documents, which need to be notarized.
If you cannot attend, you can still participate in the decision-making process by submitting a general ballot paper beforehand. The Company will assist by sending this ballot to shareholders who request it at least ten days in advance of the meeting.
Shareholder Proposals
Additionally, shareholders holding at least 1/20 of all votes are entitled to propose items for discussion at the meeting. These proposals must be accompanied by a draft resolution or an explanation if no resolution is necessary. The Company is committed to fairly considering all contributions from its shareholders.
Questions and Additional Participation Rights
Shareholders can also submit questions related to the agenda, which will be addressed prior to the meeting. Be sure to submit any inquiries at least three business days in advance to ensure a thorough response.
For enhanced convenience, the Company has established options for electronic voting via qualified electronic signatures, simplifying participation for all shareholders.
Important Deadlines
Remember, the record date for participation in the meeting is set for 23 April 2025. This means that only those registered as shareholders at that time will have a vote. In addition, the cut-off date for receiving dividends is 15 May 2025, so be sure to stay informed!
For more details, the draft resolutions and ballot forms are available for review at the administrative office, or you can visit the Company’s official website.
Contact Information
Should you have any questions or require further assistance, don’t hesitate to reach out to Tomas Tum?nas, Chief Financial Officer, at +370 46 391 772.
Frequently Asked Questions
What is the date and time for the Annual General Meeting?
The meeting is scheduled for 30 April 2025 at 1:00 p.m.
How can I participate in the meeting?
Shareholders can attend in person or submit their votes via a general ballot paper in advance of the meeting.
What documents do shareholders need to bring?
Shareholders must present a personal ID, and authorized representatives need to bring notarized authorization documents.
When is the record date for voting?
The record date is 23 April 2025, and only shareholders registered by this date can participate in the voting process.
Who should I contact for more information?
Please reach out to Tomas Tum?nas, the Chief Financial Officer, at +370 46 391 772 for any inquiries.
