Ordinary General Meeting of Shareholders Announcement
Utenos Trikotažas, a prominent name in the textile industry, is gearing up for its Ordinary General Meeting (OGM). Initiated by the Company's Management Board, this significant event aims to present the company's consolidated financial performance and set the stage for future decisions. The meeting is scheduled for April 30, 2025, at 11:00 a.m. at the company's registered office. Shareholders are encouraged to attend and participate in the discussions that shape the company’s direction.
Meeting Details
The meeting will take place at the company’s headquarters. Registration for shareholders will start at 10:00 a.m. and end at 10:55 a.m. To ensure participation, shareholders should plan to arrive early. Those intending to attend must be registered shareholders as of the record date, with voting rights formally recognized by May 15, 2025.
Agenda Highlights
During the Ordinary General Meeting, key items on the agenda will include:
- Presentation of the consolidated annual report for 2024.
- Review of the independent auditor's report regarding the 2024 financial statements.
- Approval of financial statements and the allocation of profits or losses for 2024.
- Election of new members to the Company's Management Board.
- Consideration of the initiation of a company reorganization.
Voting and Proxy Representation
Shareholders unable to attend can still partake in the voting process by appointing a proxy. A registered shareholder may authorize another individual to vote on their behalf. It’s essential for proxies to present a legally certified power of attorney, especially if the document is issued abroad, requiring a legal translation into Lithuanian. Voting can also occur in writing using a general ballot paper, which shareholders may request free of charge.
Participation in Agenda Proposals
Shareholders holding at least 1/20 of the total votes can propose items for discussion. Accompanying these proposals, draft resolutions or explanations for the agenda items must be submitted in writing. These proposals must reach Utenos Trikotažas no later than 14 days before the meeting to be considered.
Access to Meeting Materials
As we prepare for this vital meeting, all relevant documentation, including draft resolutions and financial statements, will be made available to the shareholders. Interested parties can review these documents at the company’s registered office or on the official website, ensuring transparency and informed discussions.
Shareholder Questions
Shareholders can submit written questions related to the agenda prior to the meeting, enabling the company to prepare comprehensive answers. The commitment to transparency is further emphasized, as the company will provide general responses on its website, ensuring everyone has access to vital information.
Key Contact Information
For additional inquiries about the Ordinary General Meeting, shareholders may contact Aurimas Likus, the Chief Financial Officer, at +370-618-07809. It is crucial to ensure that all shareholders feel fully informed and engaged with the proceedings.
Frequently Asked Questions
What is the purpose of the Ordinary General Meeting?
The OGM will review the 2024 consolidated annual report, financial statements, and other key matters affecting the company.
Who is eligible to vote at the meeting?
Only registered shareholders as of the record date are eligible to vote, either in person or by proxy.
How can shareholders propose items for the agenda?
Shareholders with at least 1/20 of the votes can propose agenda items by submitting them in writing, including draft resolutions.
What should a proxy provide to participate in the meeting?
A proxy must present a certified power of attorney and, if applicable, a legally translated document.
Where can shareholders find the meeting documents?
All relevant documents will be available for review at the company’s office and on the official website.
