INVL Technology Prepares for Extraordinary Shareholders Meeting
Overview of the Upcoming General Extraordinary Shareholders Meeting
INVL Technology, a special closed-ended private equity investment company, is gearing up for its General Extraordinary Shareholders Meeting that is set to take place soon. The management company, INVL Asset Management, is at the helm of this important gathering, emphasizing the significance of shareholder engagement and decision-making for the company's future.
Details of the Meeting
The meeting will be held at the company's office, situated on Gyneju Street in Vilnius. Scheduled to commence at 9:00 a.m., attendees are encouraged to arrive early, as registration starts at 8:45 a.m. This gathering is a prime opportunity for shareholders to partake in vital discussions regarding the company’s strategic direction.
Importance of Shareholder Participation
Shareholders who wish to be involved need to be aware that the accounting day for this meeting will be set for 14 October. This means that only individuals holding shares as of that date, or those authorized by them, can exercise their voting rights during the meeting. With a total of 12,175,321 shares in circulation, where 11,989,855 are voting shares, it’s essential for shareholders to make their voices heard.
Agenda and Key Resolutions
The agenda for the meeting is centered around a crucial item: the election of an auditor for the annual financial statements. This matter follows the completion of a decade-long audit service by PricewaterhouseCoopers, who are now precluded from continuing due to regulatory requirements.
Draft Resolutions in Specifics
In line with this agenda item, the following draft resolutions are proposed:
- Appointment of BDO Auditas ir Apskaita as the new audit firm for the next three financial years, which includes an assessment of management reports.
- Authorization of the Management Company to finalize the contract for audit services, with a maximum remuneration set at €52,500 over the three-year term, excluding VAT.
- A stipulation that allows the Management Company’s Board the flexibility to increase the audit firm’s fees, but limited to a maximum of 25% should the scope of the work expand significantly.
Shareholder Rights and Participation
It’s vital for shareholders to understand their rights as participants in this meeting. They have the option to propose supplementary agenda items by submitting their ideas in writing before the cutoff date, ensuring active involvement in the governance of the company.
Guidelines for Participation
To participate effectively, shareholders can engage in several ways:
- Submitting written suggestions for agenda items by registered mail.
- Drafting resolutions on existing agenda items right up until the meeting.
- Asking questions concerning the agenda ahead of the meeting, to receive responses during the gathering.
During the vote, shareholders must present valid identification. Additionally, anyone representing a shareholder must provide a power of attorney alongside identifying documents to confirm their authority.
Methods for Voting
Shareholders are encouraged to submit their votes in advance by utilizing the general voting bulletins available on the company’s website. They have multiple options for casting their votes:
- Alternative No. 1: Send a completed voting bulletin by email and also mail the original to the company's address.
- Alternative No. 2: Complete a voting bulletin and sign it electronically before sending it via email.
- Alternative No. 3: Attend the meeting in person and cast votes directly.
The company is making efforts to facilitate shareholder participation and ensure that voting is accessible, regardless of the method chosen.
Contact Information for Shareholders
If you have any questions or require additional details, Kazimieras Tonk?nas, the Managing Partner of INVL Technology, is available for inquiries. You can reach out to him via email for personalized assistance.
Frequently Asked Questions
What is the main purpose of the General Extraordinary Shareholders Meeting?
The meeting primarily aims to elect an auditor for the company’s financial statements for the upcoming years and address any shareholder proposals.
How can shareholders submit their proposals for the meeting agenda?
Shareholders can submit written proposals through registered mail, in person at the company’s premises, or via email.
What are the voting options available for shareholders?
Shareholders can vote in advance using a written voting bulletin, electronically using a qualified electronic signature, or in person at the meeting.
How can shareholders ensure their documentation is prepared for participation?
It's important for shareholders to have proper identification and, if represented, a power of attorney ready before the meeting.
Who should shareholders contact for more information regarding the meeting?
Shareholders can reach out to Kazimieras Tonk?nas via email for any questions about the meeting or the agenda items.
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