Upcoming Extraordinary General Meeting of Invalda INVL
Invalda INVL, a well-regarded public joint-stock company, has announced a significant event scheduled for 7 October 2025. This extraordinary general meeting will provide shareholders with an opportunity to influence the company's direction and decisions. Registration for shareholders will begin at 8:30 a.m. and will conclude at 8:55 a.m. sharp.
Shareholder Rights and Attendance
The meeting will take place at the company’s headquarters and welcomes all registered shareholders. To participate, shareholders must ensure they hold shares representing at least one-twentieth of the total voting rights. This notable meeting aims to discuss various agenda items crucial for the future of Invalda INVL.
Understanding the Shareholder Registration Process
To effectively participate in the meeting, interested shareholders must present valid identification documents upon arrival. Additionally, shareholders have the option to authorize another person to vote on their behalf, provided they comply with the necessary legal requirements including notarization of power of attorney. It's an important step ensuring that every shareholder's voice can be represented.
Agenda for the General Meeting
The primary focus of the upcoming meeting will be the selection of an audit firm for reviewing Invalda INVL's annual financial statements. The proposal on the agenda is particularly significant as it involves selecting KPMG Baltics, UAB to conduct the audits for the financial years 2025 and 2026, with a defined remuneration for the services provided.
Details Regarding the Audit Firm Selection
The management has proposed that KPMG, a globally recognized auditing firm, be appointed after considering the effectiveness and reliability of their services in the past. An audit fee of EUR 60,000 plus VAT has been suggested for the audit in 2025, with provisions for annual recalculations to account for inflation or changes in salary averages, further ensuring transparency in financial operations.
Shareholder Proposals and Questions
Shareholders are encouraged to submit proposals or questions regarding agenda items ahead of the meeting, at least 14 days in advance. This proactive approach allows ample time for management to consider and address shareholder concerns, fostering an collaborative environment within the company. Those who wish to add items to the agenda or clarify their queries must submit their requests in writing, reflecting the company’s commitment to open communication.
Voting Options and Procedures
The voting process during the meeting will adhere to established protocols, requiring documentation to validate the identity of participants. Shareholders who cannot be physically present can still participate by submitting their votes in advance, either by mail or electronically. This flexibility allows shareholders to engage without the constraints imposed by distance or personal circumstances.
Option for Digital Communication
Invalda INVL recognizes the advancements in technology and offers options for electronic submissions and notifications about power of attorney, enhancing efficiency for both the shareholders and the company. This modern approach ensures that all shareholders can comfortably engage in the process, even if they cannot attend in person.
Conclusion and Further Information
A comprehensive understanding of these meeting details empowers shareholders to make informed decisions benefiting their investments. For further inquiries, shareholders can reach out to Invalda INVL’s CFO, Raimondas Rajeckas, via email. All relevant documents and the draft resolutions will be accessible on the company’s website, promoting transparency and accessibility.
Frequently Asked Questions
What is the date and time of the upcoming Invalda INVL meeting?
The extraordinary general meeting is scheduled for 7 October 2025, starting at 9:00 a.m.
How can shareholders vote if they can't attend in person?
Shareholders can vote by mail or electronically, ensuring their votes are counted even if they can’t attend the meeting.
What is the purpose of the meeting?
The meeting will primarily address the appointment of the audit firm for the upcoming financial years.
What document must shareholders bring to the meeting?
Participants must present valid identification to confirm their identity as shareholders of the company.
How can shareholders submit additional proposals?
Shareholders can submit their proposals in writing at least 14 days before the meeting to ensure they are included in the agenda.
