Important Update: Extraordinary General Meeting of Shareholders
Recent developments have revealed that the newly elected Board Member from the General Meeting of Shareholders of Panevezio statybos trestas AB has not been registered with the Register of Legal Entities within the required 30-day period as mandated by law. According to Paragraph 3, Article 2.66 of the Civil Code, this situation calls for the re-election of the Board Member. Therefore, an Extraordinary General Meeting of Shareholders for Panevezio statybos trestas AB is being organized.
Details of the Extraordinary General Meeting
The meeting is set to occur on 25 September 2024, at the company’s headquarters located at P. Puzino Str. 1, Panevezys. It will begin at 11:00 AM, with registration starting at 10:30 AM.
Key Meeting Information
To facilitate maximum participation and in accordance with standard procedures, only individuals listed in the company’s shareholder registry at the end of the accounting day, which is also on 25 September 2024, will be eligible 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 the following items:
- 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 will not provide electronic means for participation or voting at this meeting. However, all draft resolutions related to the agenda, along with other important documents, will be available on the company’s website at www.pst.lt in the 'Investors' section. This information will be accessible no later than 21 days before the meeting.
Proposals and Additional Items
Shareholders holding at least 1/20 of the total voting shares are invited to propose additional items for inclusion in the meeting agenda. Along with any proposed agenda items, they should provide a draft resolution for discussion or, at the very least, an explanation if no resolution is to be adopted. Proposals can be submitted in writing or via email.
Written proposals should be sent directly to the company’s secretary’s office or 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 are welcome to submit questions related to the agenda in advance. These questions can be emailed to pst@pst.lt no later than three working days before the meeting. The company is committed 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 will also need to provide signed documents following the required procedures. It is important to note that proxies issued by legal entities need to be notarized, while those from foreign jurisdictions must be translated into Lithuanian and legalized as stipulated by law.
Each shareholder is permitted to nominate one or more proxies for the event. When doing so, it is crucial to ensure that the appointed proxy can participate according to 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 relevant details regarding any voting instructions. Each shareholder has the opportunity to submit votes in writing via a general ballot paper, which will be available on the company’s website no later than 21 days before the meeting.
For any assistance or further information, please feel free to contact:
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 is intended to address the re-election of a Board Member due to the failure to register within the specified timeframe.
When and where will the meeting take place?
The meeting is scheduled 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 electronic voting is not available.
Are there opportunities for shareholder proposals?
Yes, shareholders who own at least 1/20 of total voting shares can propose additional items or resolutions for the agenda.
How can shareholders submit questions prior to the meeting?
Questions can be emailed to pst@pst.lt up to three working days before the meeting.
