Overview of the Upcoming Annual General Meeting
The Annual General Meeting (AGM) of shareholders of Telia Lietuva, AB is scheduled to take place at the company headquarters. This meeting is an essential event where shareholders can voice their opinions and make important decisions regarding the company’s future. Notably, the meeting will commence at 13:00, with registration starting an hour earlier.
Agenda of the Meeting
The agenda for the AGM is comprehensive and addresses key financial matters as well as governance. A presentation will be conducted by the company's appointed auditor to shed light on the financial health of the organization. The main items to be discussed include:
Financial Review
Among the highlights of the agenda is the approval of the annual financial statements for the preceding year. This is crucial for shareholders as it indicates how well the company managed its resources and generated profits during the financial year.
Profit Allocation
Another significant point on the agenda involves the allocation of the company's profits. This discussion will provide transparency on how profits will be distributed to shareholders, which is critical in determining the rate of return on their investments.
Board Remuneration and Policies
The meeting will also cover the approval of the Company's Remuneration Report for the previous year along with potential amendments to the Remuneration Policy for the CEO and Board members. These decisions are vital as they reflect the company's approach to compensating its leadership and aligning it with shareholder interests.
Election of Board Members
Shareholders will have the opportunity to elect new Board members, influencing the strategic direction of Telia Lietuva, AB moving forward. The election process is an important aspect of corporate governance and shareholder democracy.
Participation Rights for Shareholders
It’s essential for shareholders to understand their rights and obligations when it comes to participating in the AGM. Those registered as shareholders by the accounting day are entitled to attend and vote. This allows them to express their concerns, proposals, and expectations directly to the company's board.
Voting Procedures
Shareholders may utilize proxies for voting if they cannot attend the meeting in person. They should ensure their identification documents are in order and if not a shareholder, obtain proof of their right to vote. Additionally, shareholders can fill out a General Voting Ballot in advance. This can be requested from the company ahead of the AGM.
Online and Written Participation
Unfortunately, the company will not facilitate attendance through electronic means, although shareholders have the option to submit questions in advance to ensure that their concerns are addressed during the meeting.
Information Accessibility
Shareholders are encouraged to review important documents related to the AGM agenda beforehand. This includes proposed resolutions and detailed information on their rights, all of which will be accessible at the company headquarters and on the company’s website under the 'Investors' section.
Company Transparency
In pursuing transparency, Telia Lietuva, AB aims to maintain open channels of communication with its shareholders. Each shareholder is entitled to propose additional items for discussion, provided they meet specific guidelines and deadlines. This encourages a more inclusive environment for all shareholders wishing to have a say in the company’s governance.
Contact Information
For any inquiries regarding the AGM or shareholder rights, shareholders can reach out to Darius Džiaugys, Head of Investor Relations, at the registered phone number or email address provided. Engaging with the company's investor relations team can help clarify any uncertainties ahead of the meeting.
Frequently Asked Questions
What is the date and time of the AGM?
The AGM will be held at 13:00, with registration starting at 12:00.
Where will the AGM take place?
The meeting will be held at the headquarters of Telia Lietuva, AB.
How can I vote if I can't attend the meeting?
You can authorize another person to vote on your behalf or submit a General Voting Ballot in advance.
What must I bring to the AGM if I attend in person?
You need an identification document and any proof if representing someone else.
How can I propose additional topics for discussion?
Shareholders can propose agenda items in writing, adhering to the required timelines.
