Regarding the complement of the agenda of extraord

Elektr?nai, Lithuania, 2013-07-15 14:52 CEST (GLOBE NEWSWIRE) -- As it was informed earlier, Lietuvos energija, AB (company code 302648707, registered office address of the Elektrin?s g. 21, Elektr?nai) initiative and the decision of the Board of Company an extraordinary general meeting of shareholders of Lietuvos energija, AB (hereinafter referred to as the Company) is convened on 29 July 2013.   The extraordinary general meeting of shareholders of the Company will take place at Elektrin?s st. 21, Elektr?nai, Republic of Lithuania. The meeting will start at 9.00 a.m. on 29 July 2013. Start of registration of shareholders: at 8.30 a.m. on 29 July 2013. End of registration of shareholders: at 8.55 a.m. on 29 July 2013.

22 July 2013 is the day of identification of shareholders for the purposes of the extraordinary general meeting of shareholders of Lietuvos energija, AB. Only those persons who are shareholders of the Company as of the end of the said identification date are entitled to attend and vote at the extraordinary general meeting of shareholders of the Company.   Agenda of extraordinary general meeting of shareholders of Lietuvos energija, AB will be complemented with following questions and the proposed draft resolutions:

1. Regarding the change of the name of Lietuvos energija, AB.

“Change Lietuvos energija, AB (code 302648707 ) name to “ Lietuvos energijos gamyba”, AB.”

2. Regarding the approval of the new edit of Articles of Association of the Company.

  „Approve of the new edit of Articles of Association (attached) and to authorise Chief Executive Officer to sign amended Articles of Association.“

3. Regarding the formation of the Supervisory Board. 

„3.1. To elect as members of the Supervisory Board for the term of office of 4 (four) years following 3 (three) persons:

3.1.1. (name, surname) (personal code and place of residency not be published);

3.1.2. (name, surname) (personal code and place of residency not be published);

3.1.3. (name, surname) (personal code and place of residency not be published);

3.2. Establish that member of the above mentioned in paragraph 3.1.3 Supervisory Board complies and shall comply with the requirements of independence for the entire term of office."

4. Regarding the approval of the conditions of the agreements.

„4.1. Approve the conditions of security of confidential information agreement, which will be signed with members of the Supervisory Board (attached);

4.2. Approve the conditions of the agreement on the activity of members of Supervisory Board (attached);

4.3. Approve the conditions of the agreement on the activity of independent member of Supervisory Board (attached);

4.4. Establish that the hourly fee for the independent member of Supervisory Board of the Company is 150 LTL (one hundred and fifty litas) (before taxes) for the for the actual work of the independent member of supervisory Board;

4.5. Establish that the monthly remuneration of the independent member of the Supervisory Board is limited to a maximum of 3, 500 LTL (three thousand five hundred litas) (before taxes);

4.6. Authorise Chief Executive Officer of the Company to sign agreements, which are mentioned in paragraphs 4.1 – 4.3 with the members of the Supervisory Board.”

All statutory information related to the convened extraordinary general meeting of shareholders and annexes to issues on the agenda of such meeting shall be announced on the website of the Company ( http://www.le.lt ) and in the home page of NASDAQ OMX Vilnius following the procedure established by the law.

A shareholder or his authorised representative shall have the right to vote in writing in advance (by filling the general ballot papers). If the shareholder entitled to vote or his duly authorised representative requires so in writing, the Company shall prepare the general ballot papers and send them by registered mail or deliver to the shareholder against signed acknowledgement of receipt at least 10 days prior to the extraordinary general meeting of shareholders. The general ballot papers shall also be provided on the website of the Company ( http://www.le.lt ), in section For Investors . The filled in and signed general ballot papers supported by the document certifying the voting right may be sent to the Company by registered mail or delivered to Elektrin?s st. 21, Elektr?nai, by the closing (15.15 p.m.) of the working day of 26 July 2013.

The Company shall reserve the right not to include the advance vote of a shareholder or his authorised representative, if the submitted general ballot papers do not conform to the provisions of Article 30(3) and (4) of the Law on Companies of the Republic of Lithuania or they are received after the end of deadline or filled in such manner that it is impossible to establish the true will of the shareholder regarding the individual issue.

Persons shall have the right to vote under the authorisation in extraordinary general meeting of shareholders. An authorisation shall state in a written document that one person (the principal) grants to another person (the authorised representative) the right to represent the principal in establishing and maintaining relation with the third party. An authorisation to perform actions on behalf of a natural person that pertain to legal entities must be notarised, except in cases provided by the law and authorising the granting an authorisation in any other form. Authorised representatives must hold a personal identity document and an authorisation certified as provided by the law, which must be submitted by the closure of the registration of shareholders for extraordinary general meeting of shareholders. The authorised representative shall enjoy the same rights in convened general meeting of shareholders as his represented shareholder would.

Shareholders entitled to attend extraordinary general meeting of shareholders shall have the right to authorise a natural person or a legal entity using electronic means of communication to attend and vote on his behalf at an extraordinary general meeting of shareholders. Such authorisation does not need to be notarised. The Company shall acknowledge authorisation granted by electronic means of communication only if the shareholder signs it by electronic signature generated by safe generation software and certified by a qualified certificate applicable in the Republic of Lithuania, i.e. if the security of the conveyed information is ensured and the identity of the shareholder can be established. The shareholder must notify the Company in writing about  granted authorisation by electronic means of communication by sending an authorisation by e-mail to info@le.lt by the closing (15.15 p.m.) of the working day of 26 July 2013.

Electronic means of communication shall not be used for the participation and voting at extraordinary general meeting of shareholders.

         Ernesta Dapkien?          Head of Corporate Communications          Tel. +370 528 33696          ernesta.dapkiene@le.lt