Key Extraordinary Meeting of LITGRID AB Shareholders
The Board of LITGRID AB has initiated an Extraordinary General Meeting for its shareholders. The meeting will take place at the company’s registered office, ensuring all shareholders are informed and prepared to participate in crucial discussions regarding the company's direction.
Agenda for the Extraordinary General Meeting
The agenda will focus on approving a significant decision made by the Board. The shareholders are encouraged to arrive early, as registration will begin at 9:30 a.m. and close shortly before the meeting starts at 10:00 a.m. It's essential that all participating shareholders have proper identification.
Registration Details
Shareholders willing to vote must ensure they register on the designated date. The final date for voting eligibility will be set specifically to ensure fairness and compliance with company regulations.
Draft Decisions by the Board
Among the primary decisions awaiting approval is a contract related to the reconstruction of a significant 330 kV overhead line. This proposed contract with suppliers outlines essential terms and conditions to ensure optimal development and execution.
Contract Highlights
The proposed contract includes comprehensive details such as parties involved, timeline, pricing, and mechanisms for payment adjustments based on price input indices. The project aims to successfully reconstruct vital electrical infrastructure, which is crucial for ensuring reliable power distribution.
Project Timeline and Financials
Set for completion within 1,370 days, the project has multiple stages with specific timelines for achieving milestones and payments linked accordingly. The contract’s value is significant, projected at over 42 million Euros, underscoring the project's importance to LITGRID AB.
Shareholder Engagement and Rights
Shareholders holding at least 1/20 of the voting rights may supplement the agenda by submitting proposals ahead of the meeting. This feature ensures that shareholders have an active role in directing key decisions and upcoming challenges faced by the company.
Participation Regulations
To foster shareholder involvement, the company allows for proxy voting, ensuring all voices are heard. Shareholders must submit the appropriate documentation confirming their identity and authority to vote on behalf of others.
Voting Process and Documentation
On the day of the meeting, shareholders can participate by signing a general ballot paper. They must return this paper by the registration deadline to cast their votes effectively.
Looking Ahead: The Future of LITGRID
The upcoming Extraordinary General Meeting serves as a platform for shareholders to influence the company’s path forward. With a focus on essential infrastructure projects, LITGRID AB is poised for growth and development, which will ultimately benefit shareholders and the broader community.
Frequently Asked Questions
What is the purpose of the Extraordinary General Meeting?
The meeting aims to discuss and approve pivotal decisions made by the Board, impacting the future of LITGRID AB.
When will the meeting take place?
The Extraordinary General Meeting is scheduled for 17 April at 10:00 a.m.
Can shareholders vote remotely?
No, participation and voting at the General Meeting must be in person.
How can shareholders propose new agenda items?
Shareholders can submit proposals in writing to the company’s head office by an established deadline.
Where can I find more information about the meeting?
Detailed information is available on the company’s official website and the Central Database of Regulated Information.
