LITGRID AB Calls for an Extraordinary General Meeting
In a significant move, LITGRID AB has announced the convening of an Extraordinary General Meeting of its shareholders. This meeting is being organized at the company’s registered office. Shareholders are invited to participate, share their insights, and contribute to important discussions surrounding the company’s future.
Details of the Upcoming Meeting
The meeting will take place at the company's registered office, which is located at Karlo Gustavo Emilio Manerheimo g. 8, hall No. 229. Interested shareholders are encouraged to mark their calendars for this essential event.
Meeting Agenda Overview
The agenda for the Extraordinary General Meeting includes a crucial topic: the approval of a decision made by the Board regarding a renewable power purchase agreement. This strategic decision hopes to strengthen LITGRID's position in the renewable energy sector and promote sustainable practices.
Registration Information
Shareholders must register in advance to participate. The registration will start at 9:30 a.m and conclude sharply at 9:55 a.m. on the meeting day. To cast votes during the meeting, shareholders need to be present by the registration end time.
Important Decisions to be Discussed
Among the critical decisions on the agenda, a notable point is the approval of the Board's decision concerning a baseload renewable power purchase agreement with UAB “Ignitis.” This agreement is poised to facilitate the purchase of up to 160 GWh of renewable energy annually, thus promoting LITGRID's commitment to sustainable energy solutions.
Proposed Terms of Agreement
This agreement comes with vital stipulations, such as a set price and a defined maturity period stretching from January 1, 2026, to December 31, 2032. This seven-year agreement is seen as a pivotal step towards enhancing LITGRID's energy portfolio and align it with market demands for renewable resources.
Shareholder Rights and Participation
Shareholders holding at least 1/20 of the total number of voting shares are empowered to propose amendments to the agenda, fostering an environment of inclusive governance. Proposals for agenda additions must be received by the company no later than 5 June.
Participation Guidelines
As electronic participation isn’t an option, it’s imperative for shareholders to attend in person. They should arrive equipped with appropriate identification to confirm their eligibility to participate and cast their votes. If appointing a proxy, necessary documentation must be submitted before registration closure.
Voting Procedures
Upon arriving at the meeting, shareholders will receive guidance on casting their votes. General Ballot Papers will be distributed, ensuring transparency in the voting process. Every vote counts as shareholders navigate their rights and influence significant company decisions.
Team Contact Information
For any inquiries or additional information, shareholders can reach out to Jurga Eivait?, the Communication Project Manager, via her provided contact number. She is more than willing to assist with any queries shareholders may have regarding the meeting or the agenda.
Frequently Asked Questions
What is the main purpose of the Extraordinary General Meeting?
The primary purpose is to discuss and approve the Board's decision on a renewable power purchase agreement that aims to enhance LITGRID's renewable energy supply.
When will the Meeting take place?
The Meeting is scheduled for 19 June 2025, at 10:00 a.m.
How can shareholders participate in the meeting?
Shareholders can participate in person by registering at the venue. Unfortunately, electronic participation is not available.
What do shareholders need to bring to the Meeting?
Shareholders must provide a valid form of identification and, if applicable, documentation for any proxies representing them.
Who can amend the meeting agenda?
Shareholders holding at least 1/20 of voting shares are allowed to propose amendments to the agenda prior to 5 June 2025.
