Key Updates on PST Group AB's Extraordinary General Meeting
In a noteworthy move, PST Group AB has announced updates regarding its upcoming Extraordinary General Meeting of Shareholders. This event aims to shape the future leadership and governance of the company. A distinct feature of this meeting is the supplementation of draft resolutions put forth by shareholders who hold a significant portion of the votes, representing at least 1/20 of total voting rights.
Details of the Upcoming Meeting
The meeting is scheduled to take place in the PST Group AB meeting room, with registration starting at 09:30 and the official proceedings commencing at 10:00. A crucial aspect for potential attendees is the record date set for those eligible to participate, which is 4 April. Only those on the shareholder list at the close of this date will have the right to engage in the discussions and decisions made during the meeting.
Proposed Changes to the Board
Among the key resolutions anticipated at the meeting is the election of a new Board of Directors. This change arises as the current Board concludes its term, and there is a growing need for fresh leadership. The nominated candidates include a blend of experienced professionals with a variety of backgrounds:
- Žymantas Baušys, serving as the CEO of UAB "ACC Distribution," is proposed as an independent board member.
- Jurgita Jurkštaityt?, a graduate of Vytautas Magnus University with a Master of Business Law, is active as a lawyer and Board member of AB "HISK".
- Justas Jasi?nas, also a graduate in Law, is currently a Board member of AB "HISK".
- Lina Simaškien?, bringing in experience from UAB IOCO Packaging as a CFO, is emphasized for her independent board member candidacy.
- Darijus Vil?inskas, affiliated with several companies, brings a strong educational background from Vilnius Gediminas Technical University.
- Linas Liktorius, with credentials from the Stockholm School of Economics and various auditing certifications, is another noted independent board member candidate.
Compensation for Board Members
Accompanying the elections, an important draft resolution concerning the remuneration of board members is also on the table. It is proposed that independent board members will be compensated at a rate of €3,300 per month, ensuring that the rights and responsibilities of these positions match the expectations for effective governance.
Additionally, the meeting will aim to define limitations on the liability of board members in accordance with specific conditions, including provisions for gross negligence and business risk. The agreement reached will establish how liability is capped, offering protections to board members while ensuring accountability.
This comprehensive approach reflects the company’s commitment to responsible governance, and it underscores the importance of aligning the interests of the board with those of the shareholders. The focus remains on fostering a resilient and accountable leadership structure.
Contact Details for More Information
For any inquiries regarding the upcoming meeting or the board changes, please reach out to:
Tomas Stukas
PST Group AB
Managing Director
Tel: +370 618 21360
Frequently Asked Questions
What is the main focus of the Extraordinary General Meeting?
The main focus is to elect a new Board of Directors and discuss remuneration for the members.
Who can participate in the meeting?
Only individuals listed as shareholders by the end of the record date will be eligible to participate.
What new candidates are being proposed for the Board?
Several candidates with diverse expertise are being proposed, including Žymantas Baušys, Jurgita Jurkštaityt?, and others.
How much are board members being compensated?
Independent board members are proposed to receive a salary of €3,300 per month.
Who should I contact for more information?
Contact Tomas Stukas, the Managing Director, at +370 618 21360 for further details.
