LITGRID AB's Upcoming Shareholder Meeting: Key Details
Participating in an ordinary general meeting of shareholders is crucial for stakeholders in any company, and LITGRID AB is no exception. The board of directors has taken the initiative to call an Ordinary General Meeting of Shareholders at the company's registered office, making it a significant event for all involved.
Meeting Details
This meeting is scheduled for April 30, 2025, starting at 10:00 a.m. It will take place at the company’s office, where all shareholders are encouraged to participate and engage in discussions that could shape the future of the company.
Shareholders will be able to register for attendance starting at 9:30 a.m. until 9:55 a.m. on the same day. It's important for shareholders to note that only those listed as shareholders by the record date (April 23, 2025) are entitled to vote during the meeting.
Agenda Overview
The agenda for the meeting is designed to address key aspects of LITGRID AB's operations and financial health, focusing on their performance in the previous fiscal year. Here's a brief overview of the items that will be discussed:
1) Review of Independent Auditor's Report
The meeting will commence with an introduction to the independent auditor's report concerning LITGRID AB's financial statements for the year 2024. This report is essential as it offers transparency about the company’s financial practices and standings.
2) Approval of Financial Statements
Another significant agenda item is the approval of the set of financial statements for the year 2024. This step is crucial for shareholders to ensure the management team is on track and accountable.
3) Profit Distribution Approval
One of the more anticipated discussions will revolve around the profit distribution for the same year. Shareholders will have the opportunity to vote on how profits are allocated, reinforcing their influence on key financial decisions.
4) Remuneration Information Approval
Additionally, there's a proposal to approve information concerning the remuneration of executives and significant stakeholders within LITGRID AB for the year 2024. This is vital for maintaining trust and accountability in the company's leadership.
5) Humanitarian Aid Agreement
Lastly, the Board will present an agreement regarding the provision of humanitarian aid by LITGRID AB, highlighting the company's commitment to social responsibility and support for humanitarian efforts, specifically in relation to the energy sector in Ukraine.
Participation Requirements
For shareholders wishing to participate in the meeting, it’s mandatory to present a form of identification to confirm their identity. Those who are proxies must also present documentation proving their right to vote on behalf of the shareholder they represent. Notably, electronic participation in the meeting will not be permitted, ensuring direct engagement among stakeholders.
Shareholder Rights and Proposals
In line with fostering an inclusive atmosphere for all shareholders, those holding at least 1/20 of the total number of votes have the right to propose additional agenda items. Such proposals must be submitted in writing before April 15, 2025, allowing ample time for consideration.
Shareholders are also encouraged to formulate questions relating to the agenda ahead of the meeting, ensuring that they receive comprehensive answers during the discussions. Questions must be in written form and must reach the company's office by April 24, 2025.
Proxy Voting
Shareholders are empowered to designate a representative to act on their behalf during the meeting. The appointed proxy must hold a document confirming their identity and the authority granted to them by the shareholder. This ensures that all voices are heard, and no stakeholder is left out of the decision-making process.
Voting Procedures
During the meeting, shareholders will vote based on a shared General Ballot Paper, which will be readily available. The completed ballots must be returned to the company before the conclusion of registration.
Conclusion
The total number of voting shares as of the day before the meeting stands at 504,331,380, ensuring that the outcomes of the meeting will reflect the collective approval or disapproval of shareholders.
For any additional details or to access necessary documentation related to the meeting, shareholders can visit LITGRID AB's official website.
Frequently Asked Questions
What is the date and time of the shareholder meeting?
The Ordinary General Meeting of Shareholders of LITGRID AB is scheduled for April 30, 2025, at 10:00 a.m.
Where will the meeting take place?
The meeting will be held at LITGRID AB's registered office.
How can I participate in the meeting?
Shareholders must register for the meeting between 9:30 a.m. and 9:55 a.m. on the day of the meeting and present an identification document.
Can I vote if I'm a proxy?
Yes, proxies must present valid identification and proof of authority from the shareholder to vote on their behalf.
Are electronic participation options available?
No, participation in the meeting must be in person; electronic voting or participation will not be accepted.
