Important Updates from ŽEMAITIJOS PIENAS for Shareholders
Updates on the Annual General Meeting of Shareholders
ŽEMAITIJOS PIENAS, AB recently shared vital updates regarding its Annual General Meeting of Shareholders, addressing important documents related to their financial outlook.
In the notice, the agenda was provided, but it notably lacked a key component: the independent auditor’s report for the financial year of 2024. This document is crucial for stakeholders as it provides assurance about the company's fiscal health and integrity.
To rectify this omission, ŽEMAITIJOS PIENAS has supplemented the previously released information with the following essential documents:
- Independent Auditor’s Report for the 2024 Financial Statements;
- Limited Assurance Report concerning the Sustainability Report.
These documents will be accessible for all shareholders prior to the scheduled meeting. Further, they will be posted on the Company's website alongside other materials relevant to the AGM.
The organization sincerely apologizes for this oversight and appreciates the shareholders’ understanding as they move forward.
Why These Reports Matter
For shareholders, understanding the financial landscape of ŽEMAITIJOS PIENAS is critical. The independent auditor’s report evaluates the accuracy and transparency of the financial statements, providing a comprehensive overview of the company’s financial health.
Additionally, the Limited Assurance Report on the Sustainability Report underlines the company’s commitment to sustainable practices, which is increasingly important in today’s business environment. This can help investors gauge the long-term viability and ethical stance of the company.
What Shareholders Should Expect
Shareholders attending the AGM can anticipate in-depth discussions surrounding the content of these reports. This gathering is not just a formality, but an opportunity for shareholders to engage with management and gain insights about the company’s strategic direction.
Their role in this meeting is crucial, as their votes and opinions can significantly influence the company’s future path. Thus, having prior access to these documents allows shareholders to prepare and make informed decisions.
Continuous Commitment to Transparency
ŽEMAITIJOS PIENAS remains dedicated to maintaining transparency and open communication with its shareholders. By ensuring that all relevant documentation is provided ahead of the AGM, they are fostering an environment where shareholders can feel confident in their investment and in the company’s governance.
Transparency isn’t merely a regulatory obligation for ŽEMAITIJOS PIENAS; it is a core value that guides their operations and interactions with investors. This approach not only builds trust but also promotes a strong community among stakeholders.
Frequently Asked Questions
What is the purpose of the Annual General Meeting?
The Annual General Meeting serves as a platform for shareholders to discuss and vote on various company matters, including financial reports and future strategies.
Why is the independent auditor’s report important?
This report provides crucial insights into the accuracy of the company’s financial statements and helps ensure accountability in financial practices.
Where can I access the reports mentioned in the announcement?
All reports will be available on the Company’s website, ensuring easy access for shareholders.
How can shareholders prepare for the AGM?
Shareholders should review all provided documentation, including the auditor’s reports, to make informed decisions during discussions and voting at the meeting.
Who can I contact for more information?
For further inquiries, shareholders can reach out to Arnas Matuzas, Head of Legal, via email at a.matuzas@zpienas.lt.
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