Announcement of EPSO-G’s Extraordinary General Meeting of Shareholders
The Board of Energy Transmission and Exchange Group EPSO-G has made a significant decision to convene an Extraordinary General Meeting of Shareholders. This move demonstrates the Board's commitment to actively oversee and potentially revise essential contracts that are crucial for the organization's operational transparency and governance.
Meeting Objectives
The main purpose of this meeting is to discuss proposed changes to the remuneration terms for audit services. EPSO-G understands the critical role of diligent oversight by the chosen audit firm, especially concerning the financial audits that help maintain the confidence of stakeholders.
Changes to Audit Services Compensation
On the agenda is the discussion about adjusting the remuneration conditions for EPSO-G's audit services. The Board has recommended that the General Meeting closely examine the financial arrangements with the audit firm PricewaterhouseCoopers UAB for the years 2023 to 2025. This is a crucial step to ensure that the audit firm is fairly compensated for their services while also upholding a balanced financial strategy.
Agenda for the Extraordinary General Meeting
During the Extraordinary General Meeting, shareholders will focus on the following agenda item:
Evaluation of Remuneration Terms
1. The discussion will center on the proposed adjustments to the remuneration package for audit services, specifically the fees designated for PricewaterhouseCoopers UAB. This conversation is vital as it influences the financial integrity and operational efficiency of EPSO-G.
Overview of the EPSO-G Group
The EPSO-G group comprises a dynamic organization made up of several entities. Leading this group is the holding company, EPSO-G, which includes six direct subsidiaries: Amber Grid, Baltpool, Energy Cells, EPSO-G Invest, Litgrid, and Tetas. Furthermore, EPSO-G has interests in other entities such as GET Baltic, Baltic RCC OÜ, and TSO Holding AS. This structure highlights EPSO-G's significant position in the energy transmission sector.
Contact Information
If you have any questions or need further information regarding this meeting, please contact:
Gediminas Petrauskas,
Communication Partner of EPSO-G,
Tel: +370 610 63306,
Email: gediminas.petrauskas@epsog.lt
Frequently Asked Questions
What is the purpose of the Extraordinary General Meeting?
The meeting is intended to discuss proposed amendments to the remuneration terms for audit services.
Who will be impacted by the changes discussed?
The changes primarily affect the audit firm PricewaterhouseCoopers UAB and the shareholders of EPSO-G.
When will the meeting occur?
The exact date of the meeting has not been specified, but shareholders will receive prior notification.
How can shareholders reach out to EPSO-G for more information?
Shareholders can contact Gediminas Petrauskas via phone or email for any inquiries.
What companies are included in the EPSO-G group?
The EPSO-G group consists of subsidiaries such as Amber Grid, Litgrid, and Tetas, among others.
