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Important Updates for Shareholders of Ignitis Group AGM Announcement

Important Updates for Shareholders of Ignitis Group AGM Announcement

Notice of Annual General Meeting of Shareholders for Ignitis Group

AB “Ignitis grup?” has recently made adjustments to its financial draft for retained earnings (loss) as of the year-end. The updated figure now stands at EUR 320,319,368.41, which is a revision from the previous figure of EUR 330,319,368.88. This adjustment pertains specifically to the attachment of the document available in English.

On a pivotal day in late February, the Management Board of AB “Ignitis grup?”, identified by its legal entity code 301844044, confirmed its decision to convene the Annual General Meeting of Shareholders (AGM). This gathering is not just a routine procedural event; it represents a moment for shareholders to come together and engage with the company’s trajectory.

Details of the AGM

The AGM is scheduled for a Wednesday in March at 16:00, with registration beginning at 15:00 and closing promptly at 15:45. It will take place at Business Garden in Vilnius. This central location ensures that attendees can easily access the meeting, reinforcing the Group’s commitment to transparency and accessibility.

Agenda Highlights

The agenda for the AGM will cover several critical items that invite discussion and decision-making:

  • Review and agreement on the consolidated annual management report for the financial year.
  • Approval of the annual financial statements and the consolidated financial statements for the Group's companies for the previous year.
  • Discussions regarding the allocation of profit (loss) for the financial year, crucial for stakeholders.

Insights from the Supervisory Board

The Supervisory Board has thoughtfully evaluated the Group's performance by reviewing reports from the CEO and the Management Board. They have taken feedback from independent auditors into account, ensuring that all perspectives are considered.

Key Proposals to be Forwarded

In light of these assessments, the Supervisory Board will present several proposals at the upcoming AGM:

  • Approval of the consolidated annual management report, including remuneration information.
  • Sanctioning the annual financial statements for the previous year.
  • Endorsement of the proposed allocation of profit (loss) in accordance with the submitted draft.

Furthermore, the Supervisory Board recognizes and commends the exceptional performance of the Management Board and the Group’s CEO, highlighting their impact on the Group’s operational strategy and overall effectiveness.

For shareholders looking for comprehensive insights, detailed information regarding the AGM agenda, along with draft resolutions and other pertinent matters, can be found in the official notice for the Annual General Meeting.

Contact Information

For any inquiries or further information, here are the relevant contacts:

Communications
Valdas Lopeta
+370 621 77993
valdas.lopeta@ignitis.lt

Investor Relations
Ain? Riffel-Grinkevi?ien?
+370 643 14925
aine.riffel-grinkeviciene@ignitis.lt

Frequently Asked Questions

What is the date and time of the AGM?

The AGM is set for Wednesday, 26 March 2025, at 16:00.

Where will the AGM take place?

The meeting will be held at Business Garden Vilnius, located at Laisv?s Ave. 10.

What key topics will be discussed during the AGM?

Topics include approval of financial statements, the consolidated management report, and proposals on profit allocation.

Who can attend the AGM?

All shareholders of AB “Ignitis grup?” are invited to participate in the AGM.

How can shareholders submit their proposals for the AGM?

Shareholders can submit their proposals through designated channels before the AGM, ensuring they are included in discussions.

About The Author

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