Overview of the Extraordinary General Meeting
In a significant move, the Board of LITGRID AB has initiated an Extraordinary General Meeting of Shareholders. This meeting is set to take place at the company’s registered office, signaling a crucial opportunity for shareholders to review and engage in pressing matters regarding the organization.
Meeting Details
The Extraordinary General Meeting will commence at 10:00 a.m. All interested shareholders will need to be registered by 9:55 a.m. The registration will begin at 9:30 a.m., allowing ample time for attendees to confirm their participation.
It is important to note that all shareholders aiming to participate must be registered by the record date, ensuring their eligibility to vote during the meeting.
Meeting Agenda
The primary agenda item to be discussed is the approval of a decision made by the Board regarding a humanitarian aid agreement. This agreement reflects LITGRID's commitment to assist the energy sector in Ukraine, which has faced considerable challenges.
Approval of Humanitarian Aid Provision Agreement
The specific proposal seeks approval for the decision made on September 25. This decision entails entering a humanitarian aid provision agreement with a designated company approved by the Ukrainian government. The goal is to supply assistance to Ukraine’s energy sector, which has sustained damage.
Objectives and Implementation
According to the draft resolution, the purposes of the humanitarian aid include the restoration of facilities within the Ukrainian energy sector, with specific assets being offered by LITGRID. The company has taken substantial steps towards ensuring that its resources can effectively support the ongoing recovery efforts.
Participation Rights and Responsibilities
Shareholders holding at least 1/20 of the voting shares have unique rights to propose additional agenda items in writing, provided that these proposals are sent and received by the company before the stipulated deadlines. Moreover, they have the opportunity to submit draft resolutions that will be reviewed during the meeting.
To enhance engagement, shareholders can bring forth questions concerning the issues discussed during the meeting. These questions should be submitted in advance, equipping the management with the necessary insights for comprehensive responses.
Proxy and Voting Procedures
Shareholders who cannot attend can authorize representatives to vote on their behalf, provided the necessary identity documents and a properly certified proxy form are submitted in advance.
Voting will occur via a General Ballot Paper, which the company will provide upon request. To ensure transparency, shareholders or their proxies must submit the completed ballot papers by the designated timeframe.
Company Engagement and Additional Resources
LITGRID is keen to uphold its commitment to transparency and shareholder communication. Additional information regarding the agenda, company operations, and the complete proceedings of the meeting will be accessible on LITGRID’s official website.
Company Contact Information
For inquiries or further details about the meeting, Jurga Eivait?, Communications Project Manager, is available at +370 613 19977 or via email at jurga.eivaite@litgrid.eu.
Frequently Asked Questions
What is the purpose of the Extraordinary General Meeting?
The meeting aims to discuss and approve a humanitarian aid provision agreement to support the Ukrainian energy sector.
When and where will the meeting take place?
The meeting is scheduled for 10:00 a.m., with registration starting at 9:30 a.m. at the registered office of LITGRID AB.
How can shareholders participate in the meeting?
Shareholders can participate by attending the meeting in person and must be registered by the end of the specified time.
Can shareholders propose additional agenda items?
Yes, shareholders holding at least 1/20 of the voting rights can propose additional items in writing by a certain deadline.
Who can vote at the Extraordinary General Meeting?
Only shareholders who are registered by the record date have voting rights to participate in the meeting.
