Announcement of LITGRID AB's Extraordinary General Meeting
With the initiative and decision of the Board of LITGRID AB, an Extraordinary General Meeting of Shareholders has been convened to take place at the Company’s registered office. This key meeting will be critical for updating stakeholders and shareholders about significant company matters and decisions.
Meeting Details and Agenda
The Extraordinary General Meeting is scheduled to occur on 29 December, at 10:00 am., in the designated hall at the registered office of LITGRID AB. Please ensure your presence as this meeting holds significant importance for all shareholders.
The agenda for this important meeting includes:
1) Approval of the Decision made by the Board of LITGRID AB on 5 December.
Registration Details
Shareholder registration will commence at 9:30 am and conclude at 9:55 am on the day of the meeting.
Participation and Voting Rights
To participate in the meeting and cast your vote, it's essential to be a registered shareholder of LITGRID by the record date, which is 17 December. Only those who remain shareholders by this date will be permitted to exercise their rights.
Be prepared to present a valid form of identification upon entry. If you are representing another shareholder, please carry the appropriate documentation that confirms your authority to vote on their behalf.
Electronic Participation Not Available
Please note that participation through electronic means will not be an option for this meeting. Attendance is required in person to ensure a hands-on approach to discussion and decision-making.
Decisions on Items Agenda
The Board has set the agenda for the meeting, primarily aimed at discussing the impending contract with AB "Ignitis gamyba" regarding the service availability of electricity generation facilities, which the Board authorized on 5 December. This is an essential contract for ensuring reliable power generation and operational efficiency.
Contract Approval Details
The proposed decision includes approving a contract valued at EUR 50.12 million, excluding VAT. This funding is crucial for maintaining and enhancing the availability of electricity generation facilities under the terms specified in the contract.
Additional Rights for Shareholders
Shareholders possessing a minimum of 1/20 of the total voting rights can propose agenda items for consideration at the meeting. Proposals must be submitted in writing prior to the stipulated deadline to ensure their inclusion.
Furthermore, shareholders retain the right to question the company regarding the agenda leading up to the meeting. Queries should be sent in advance to facilitate timely and accurate responses during the meeting.
Proxy Voting and Ballot Paper
If you cannot attend the meeting, you are allowed to authorize someone else to vote on your behalf through a Proxy. The document certifying this authorization must be submitted before the registration period ends.
General Ballot Papers for voting will be available upon request. Shareholders can receive these either through mail or in-person delivery from the company. Ensure that the completed ballot is submitted before the end of the registration process on the day of the meeting.
Final Notes
As of the date of this announcement, LITGRID has a total of 504,331,380 shares outstanding, all of which confer voting rights. The total transparency in the process ensures that all shareholders are well-informed and can actively participate in the governance of LITGRID AB.
If you need additional information regarding the meeting or any of the topics outlined, you can reach out directly to the company.
More information:
Jurga Eivait?
Communications Project Manager
+370 613 19977
jurga.eivaite@litgrid.eu
Frequently Asked Questions
What is the date of the Extraordinary General Meeting?
The meeting will take place on 29 December at 10:00 am.
Where is the meeting being held?
The meeting will be held at LITGRID's registered office in Vilnius.
What if I cannot attend the meeting?
You can appoint a proxy to vote on your behalf. Ensure to submit the proxy authorization in advance.
How can I vote if I’m a shareholder?
Shareholders can vote in person at the meeting or via the General Ballot Paper that can be requested ahead of time.
Are electronic voting options available?
No, electronic participation or voting is not available for this meeting.
