Extraordinary General Meeting of Panevezio Statybos Trestas
Important Update: Extraordinary General Meeting of Shareholders
In light of recent developments, it has come to attention that the newly elected Board Member at the General Meeting of Shareholders of Panevezio statybos trestas AB has not been registered with the Register of Legal Entities within the 30-day timeframe mandated by the law. As per the regulations outlined in Paragraph 3, Article 2.66 of the Civil Code, this situation necessitates the re-election of the Board Member. Hence, an Extraordinary General Meeting of Shareholders for Panevezio statybos trestas AB is being convened.
Details of the Extraordinary General Meeting
The meeting is scheduled to take place on 25 September 2024, at the company’s headquarters, located at P. Puzino Str. 1, Panevezys. The meeting will commence promptly at 11:00 AM, with registration opening at 10:30 AM.
Key Meeting Information
To ensure maximum participation and according to standard operating procedures, only those individuals listed on the company’s shareholder registry at the end of the accounting day, which is also set for 25 September 2024, will have the right to participate and vote at this Extraordinary Meeting. This includes shareholders, their proxies, or anyone who has entered into an agreement to transfer voting rights.
The Agenda for the Meeting
The agenda for the Extraordinary General Meeting includes:
- Revocation of the resolution made regarding the election of the new Board Member at the General Meeting of Shareholders held on 30 April 2024.
- Election of a new Board Member for Panevezio statybos trestas AB.
Participation Options
Unfortunately, the company does not offer electronic means for participation or voting at this meeting. However, all draft resolutions pertaining to the agenda, along with other essential documents, will be available on the company’s website at www.pst.lt under the section labeled 'Investors'. This information will be accessible no later than 21 days prior to the meeting.
Proposals and Additional Items
Shareholders holding at least 1/20 of the total voting shares are encouraged to propose additional items to be included in the meeting agenda. Alongside any additional agenda item proposals, they should provide a draft resolution for discussion, or at the very least, offer an explanation if no resolution is to be adopted. Proposals may be submitted either in writing or via email.
Written proposals should be delivered directly to the company’s secretary’s office, or sent via registered mail to Panevezio statybos trestas AB, P. Puzino Str. 1, LT-35173. Electronic submissions can be sent to pst@pst.lt. All proposals must be submitted no later than 14 days before the meeting to be considered.
Ask Your Questions
Shareholders may submit questions related to the agenda in advance. These can be emailed to pst@pst.lt no later than three working days before the meeting. The company commits to responding to these inquiries via email prior to the meeting.
Guidelines for Attending the Meeting
During registration for the meeting, attendees or their proxies must present a valid form of identification. Proxies must also provide signed documents following formal procedures. It is essential to note that proxies issued by legal entities need notarization, while those from foreign jurisdictions must be translated into Lithuanian and legalized as prescribed by the law.
Each shareholder may nominate one or multiple proxies for the event. When doing so, it is important to ensure that the appointed proxy is capable of participating in line with the instructions provided by each shareholder.
Final Comments
Before voting at the Extraordinary General Meeting, shareholders intending to represent others must disclose the identity of the underlying clients, the corresponding number of voting shares, and substantive details regarding any voting instructions. Each shareholder has the opportunity to submit votes in writing via a general ballot paper, which will be made available on the company’s website by no later than 21 days before the meeting.
For those needing assistance or further information, please do not hesitate to reach out to:
Tomas Stukas
Managing Director
Panevezio statybos trestas AB
Phone: (+370 618) 21360
Frequently Asked Questions
What is the purpose of the Extraordinary General Meeting?
The meeting aims to address the re-election of a Board Member due to non-registration within the specified period.
When and where will the meeting take place?
The meeting is set for 25 September 2024 at the Panevezio statybos trestas headquarters, starting at 11:00 AM.
How can shareholders participate in the meeting?
Shareholders can participate in person but cannot vote electronically.
Are there opportunities for shareholder proposals?
Yes, shareholders holding at least 1/20 of total voting shares can propose additional items or resolutions.
How can shareholders submit questions prior to the meeting?
Questions can be sent via email to pst@pst.lt up to three working days before the meeting.
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