Upcoming Annual General Meeting Highlights for Telia Lietuva
Key Decisions for Telia Lietuva's Annual General Meeting
The upcoming Annual General Meeting (AGM) of Telia Lietuva, AB promises to be crucial for shareholders as it outlines significant decisions that will impact the company's operations and financial strategies. While specific matters will be discussed, the Board of Directors has proposed an informative agenda aimed at ensuring transparency and engagement with its shareholders.
Discussion on Auditor and Financial Reports
First on the agenda is a presentation concerning the company's auditor. This report will serve as a cornerstone for discussing the financial health of Telia Lietuva.
Approval of Financial Statements
The Board recommends approving the audited financial statements for the fiscal year ending in 2024. This crucial step reflects the company's commitment to accountability and integrity, giving investors confidence in management's performance. Alongside this approval, an annual report summarizing the company’s activities and financial outcomes for the past year will also be presented, allowing shareholders to get an in-depth understanding of the firm's successes and challenges.
Profit Allocation Strategy
The allocation of profits is another significant topic. The Board proposes distributing a portion of the profit for 2024 directly to shareholders in the form of dividends. Specifically, they suggest allocating €64,087 thousand, equating to €0.11 per share. The remaining profits will be retained, for continued investment in the company's future growth.
Remuneration Insights
Further to this, stakeholders will examine the Company’s Remuneration Report, detailing its compensation structure for executives and board members. The proposed changes in remuneration policy are designed to enhance performance incentives and align management's interests with those of shareholders. These adjustments indicate a strategic focus on long-term value creation.
Board Elections and Member Profiles
As the AGM approaches, one of the key functions will be the election of board members. This meeting marks the expiration of terms for several existing board members, with new candidates put forward for election. The company believes this is a valuable opportunity for fresh perspectives and diverse expertise on the board. Noteworthy nominees include:
- Mr. Per Stefan Backman, currently serving as Executive Vice President at Telia Company AB.
- Mr. Claes Johan Ingemar Nycander, with extensive experience in management support across the Baltics.
- Mr. Hannu-Matti Mäkinen, bringing legal expertise as Chief Legal Counsel.
- Ms. Annelie Christina Lakner, recognized for her treasury management capabilities.
- Independent board members, Ms. Leda Iržikevi?ien? and Mr. Mindaugas Glodas, who are respected figures in their fields.
Implementation of Meeting Decisions
Closer to the conclusion of the meeting, there will be a proposal to authorize the CEO to implement all decisions made during the AGM, ensuring a smooth transition from discussion to action. This responsibility also includes signing necessary documents and coordinating transactions aligned with the agreed-upon strategies.
Stay Informed
As a shareholder, keeping informed about these discussions is vital. The outcome of the AGM will shape the trajectory of Telia Lietuva in the forthcoming financial year and beyond. With a robust agenda focusing on both accountability and growth, shareholders can anticipate engaging and meaningful dialogue at the meeting.
Frequently Asked Questions
What is the key focus of Telia Lietuva's upcoming AGM?
The AGM will address financial statements, profit allocation, board elections, and remuneration policies.
When is the Annual General Meeting scheduled?
The AGM is set to take place on 28 April 2025.
What are the proposed dividend payments for shareholders?
The Board proposes a dividend of €0.11 per share from the profits of 2024.
Who are the nominees for the board election?
Notable nominees include Mr. Per Stefan Backman and Ms. Leda Iržikevi?ien?, among others.
How will decisions from the AGM be implemented?
The CEO will be authorized to ensure that the decisions from the AGM are executed effectively.
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