Key Details of LITGRID AB's Upcoming Shareholders Meeting

Introduction to LITGRID AB's Extraordinary General Meeting

In a significant move, the Board of LITGRID AB has taken the initiative to convene an Extraordinary General Meeting (EGM) for its shareholders. This meeting aims to address critical decisions that will impact the company's direction and operational strategy.

Agenda Highlights for the Extraordinary General Meeting

The upcoming EGM will be held at the company's registered office, where shareholders will gather to discuss and vote on key issues essential to the company's future. It’s crucial for all shareholders to stay informed about the meeting’s agenda to make the most of this opportunity.

1. Approval of Board Decisions

A significant portion of the meeting will focus on the approval of decisions made by the Board of LITGRID AB. This includes a decision made on December 4, which is essential for the continuity of the company's operations and strategic partnerships.

2. Shareholder Registration Details

Registration for shareholders will commence at 9:30 a.m. on the day of the meeting, concluding promptly at 9:55 a.m. It emphasizes the importance of punctuality for shareholders wishing to participate in the voting process.

Voting Rights and Participation

Shareholders wishing to exercise their voting rights must ensure they are registered by the stipulated record date. Only those who remain shareholders of the company by this date will be permitted to vote at the EGM.

Identifying Your Participation

For successful participation, shareholders must provide a valid form of identification upon registering at the meeting. Importantly, those attending on behalf of shareholders must have the necessary documentation that affirms their right to vote.

Details on the Decisions to be Discussed

The extraordinary meeting will consider the Board’s proposed decision regarding a contract for the availability of electricity generation facilities with the related party AB 'Ignitis Gamyba.' This contract is strategic for LITGRID AB as it affects future operations and service availability.

Contract Terms Overview

The proposed contract features essential conditions including contract parties, subject matter, and terms for fulfilling partnerships. Notably, the price of the contract is set at EUR 65.69 million, not including VAT, indicating the significant financial commitment involved.

Contract Timeline

This contract is set to commence on January 1 and extend through December 31 of the following year, which allows shareholders to evaluate the long-term vision of the board and how it aligns with the company's strategic goals.

How Shareholders Can Influence the Agenda

Shareholders owning at least 1/20 of the total voting rights hold the privilege to propose amendments or additions to the meeting agenda. Proposals must be submitted timely via registered mail or delivered in person to ensure they are considered ahead of the meeting.

Submitting Proposals and Questions

Besides proposing additional agenda items, shareholders also have the right to submit questions in advance regarding any agenda items prior to the meeting. Timely submission of questions ensures comprehensive responses from the board.

Proxy Voting Procedures

Shareholders unable to attend the meeting can authorize others to vote on their behalf. It is essential that the proxy is duly documented and submitted before the end of registration to facilitate a smooth voting process.

Conclusion: Importance of Informed Participation

As LITGRID AB prepares for this extraordinary general meeting, it remains essential for all shareholders to familiarize themselves with the critical agenda items and engage proactively in the decision-making process. With the total number of shares granting voting rights amounting to 504,331,380, active participation is not just beneficial but necessary for the company’s long-term success.

Frequently Asked Questions

What is the date and time of the Extraordinary General Meeting?

The meeting is scheduled for December 30 at 10:00 a.m.

Where will the meeting take place?

The meeting will be held at LITGRID's registered office in Vilnius.

What do shareholders need to participate?

Shareholders must provide proof of identity and be registered by the specified time.

How can shareholders submit proposals?

Proposals can be submitted in writing via registered mail to the company's headquarters by December 13.

Is electronic participation available?

No, shareholders must attend the meeting in person to vote.

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