Important Update: General Meeting of Shareholders
The General Meeting of Shareholders of AB Kauno Energija is set to take place soon. Originally scheduled for a later date, this meeting will now gather shareholders on April 28, 2025. This correction is due to the Easter holiday schedule, with the accounting day shifted to April 17, 2025. This significant meeting allows shareholders to engage with the company’s management and contribute to crucial decisions that will shape the company's future.
Details of the General Meeting
The General Meeting is officially convened through the Management Board's decision. As the holders of shares in AB Kauno Energija—whose enterprise code is 235014830—shareholders are afforded the opportunity to attend and participate in discussions about the company’s performance and future direction.
This year's meeting will take place at 10 a.m. in the company’s hall located at Raudondvario av. 84. It is essential to arrive early, as registration for shareholders commences at 9:30 a.m. This allows time for all registered shareholders to be accounted for before the meeting kicks off.
Agenda Overview
The agenda for this meeting includes several significant items that will require shareholder approval, including:
- Approval of Financial Statements: Shareholders will review and vote on the audited consolidated and company financial statements for the fiscal year of 2024, complying with International Financial Reporting Standards.
- Profit Allocation: The shareholders will discuss the allocation of profits (or losses) accumulated in the 2024 financial year, including two proposal options for distribution.
- Audit Firm Selection: The appointment of ROSK Consulting UAB as the audit firm for the financial years 2025 to 2027 will also be on the agenda, along with the establishment of payment terms for these services.
Voting Rights and Participation
Shareholders possess significant rights at the General Meeting, including the ability to voice their opinions, pose questions, and vote on the resolutions presented. But, participation is limited to shareholders present at the end of the workday prior to the meeting date. Therefore, those who hold shares at that time are eligible to participate actively in the voting process. It's notable that the company does not accommodate electronic voting methods, making physical presence crucial.
How to Vote and Participate?
All attendees must provide proof of identity upon entry. For non-shareholders seeking to vote, appropriate documentation proving their entitlement will be required. Prior communication regarding the authorization of representatives must happen through a written notice sent electronically by April 25, 2025.
Votes on the proposed agenda items are to be submitted via ballot, and shareholder votes that do not adhere to the required standards may be disregarded. Completed ballots must reach the company’s office by 9:30 a.m. on the day of the meeting.
Additional Company Information
AB Kauno Energija emphasizes transparency and encourages shareholders to seek additional insights and documents referenced during the meeting. Any proposals for changes in the agenda or questions regarding the agenda should be directed to the company’s email before the specified deadlines.
With a robust authorized capital divided among over 42 million shares, every vote and opinion counts in guiding the company's trajectory. The input of shareholders is vital, and their engagement at meetings ensures that the company continues to align with their expectations and business interests.
For further inquiries, shareholders can contact the Head of the Economic Department, Loreta Miliauskien?, at +370 37 305 855. Communication is pivotal in ensuring that all stakeholders remain informed and involved in crucial company decisions.
Frequently Asked Questions
What is the purpose of the General Meeting?
The General Meeting allows shareholders to discuss financial performance and vote on essential resolutions regarding the company’s future.
How can I participate in the vote?
Shareholders must attend the meeting in person with proof of identity; electronic attendance is not available.
When is the General Meeting scheduled?
The General Meeting is set for April 28, 2025, starting at 10 a.m. with registration from 9:30 a.m.
What should I do if I cannot attend?
Shareholders can authorize another individual to vote on their behalf by submitting written authorization by the deadline.
Who can attend the General Meeting?
Only shareholders recorded as of the accounting date can attend and vote at the General Meeting.
