Notice of the Extraordinary General Meeting of Shareholders

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| Source: Utenos Trikotazas
multilang-release

By the initiative and decision of the Company Board Nr. 14, 21-08-2014 an extraordinary general meeting of AB „Utenos trikotažas“, registered at J. Basanavičiaus str. 122, LT-28214 Utena, company number 183709468, shareholders is being convoked at J. Basanavičiaus str. 122, Utena, on 12th of September 2014 at 10:00 am. Shareholders' registration starts at 9:00 am.

The General Meeting of Shareholders’ accounting day is 05 September 2014.

Proposed Agenda:

1.         Reduction of the Company’s authorized capital (the purpose of reduction: to eliminate the losses recorded in the balance sheet     of  the Company; the way of reduction: cancellation of the Company’s shares);

2.         The approval of the new edition of the Company’s Articles of Association with regard to reduced Company’s authorized capital;

3.         Authorisation.

Shareholders who at the end of the Extraordinary General Meeting of Shareholders' accounting day, i.e. 05 September 2014, will be shareholders of the company, have a right to participate and vote at the Extraordinary General Meeting of Shareholders personally or by proxy, or to be represented by the person with whom an agreement on the transfer of voting rights is concluded.

A person attending the Extraordinary General Meeting of Shareholders and having a voting right must bring with him/her a person's identification document. A person who is not a shareholder must additionally produce a document confirming his/her right to vote at the Extraordinary General Meeting of Shareholders.

Each shareholder shall have a right, in the manner established by the Law, to authorise another (natural or legal) person on his/her behalf to attend and vote at the Extraordinary General Meeting of Shareholders. At the Extraordinary General Meeting of Shareholders, an authorised person shall have the same rights as would be held by the shareholder or shareholders represented by him/her, unless the authorized person's rights are limited by the power of attorney or by the Law. The authorised person must provide a power of attorney certified in the manner established by the Law. A power of attorney issued in a foreign state must be translated into Lithuanian and legalised in the manner established by the Law. The Company does not establish special form of power of attorney.

A shareholder or a person authorised by him/her shall have a right to vote in writing in advance by filling in the General Voting Ballot. Upon a shareholder's request, the Company, not later than 10 days before the Extraordinary General Meeting of Shareholders, shall send the General Voting Ballot by registered mail free of charge. The sample of General Voting Ballot is also provided on the Company's website at http://www.ut.lt. The General Voting Ballot, duly filled in and signed by the shareholder or a person, having a voting right, and the document confirming the voting right (if any) must be submitted to the Company in writing not later than on the last business day before the Extraordinary General Meeting of Shareholders by sending them by registered mail to AB „Utenos trikotažas“, J.Basanavičiaus str. 122, LT-28214 Utena, Lithuania.

The Company is not providing the possibility to attend and vote at the Extraordinary General Meeting of Shareholders through electronic means of communication.

Each shareholder holding shares that grant at least 1/20 of all votes shall have the right of proposing to supplement the agenda of the Extraordinary General Meeting of Shareholders. Draft decisions on the proposed issues shall be submitted together with the proposal or, if the decisions do not need to be approved, explanations on each proposed issue of the Extraordinary General Meeting of Shareholders shall be presented. Proposal to supplement the agenda must be presented in writing by sending it by registered mail to AB „Utenos trikotažas“,J. Basanavičiaus str. 122, LT-28214 Utena, Lithuania, or by e-mail utenos.trikotazas@ut.lt. The agenda will be supplemented if the proposal is received not later than 14 days before the Extraordinary General Meeting of Shareholders.

Each shareholder holding shares that grant at least 1/20 of all votes shall have the right of proposing draft resolutions on the issues already included or to be included in the agenda of the Extraordinary General Meeting of Shareholders. The proposed draft decisions at any time before the Extraordinary General Meeting of Shareholders must be presented in writing by sending them by registered mail to AB „Utenos trikotažas“,J. Basanavičiaus str. 122, LT-28214 Utena, Lithuania, or by e-mail utenos.trikotazas@ut.lt.

The shareholders shall also be entitled to propose draft resolutions on the agenda issues of the Extraordinary General Meeting of Shareholders in writing during the Meeting. The shareholders shall have the right to present questions related to the agenda issues of the Extraordinary General Meeting of Shareholders to the Company in advance in writing, by providing the shareholder's (natural or legal person's) personal identification number, the natural person's consent to process personal data - personal identification number, in the letter and by sending it by registered mail. The Company undertakes to respond if the questions are received not later than 3 business days before the Extraordinary General Meeting of Shareholders. Responses of a general character shall be posted on the Company's website http://www.ut.lt. The Company will not respond personally to the shareholder if the respective information is posted on the Company's website.

The shareholders could get familiarised with the documents possessed by the Company related to the agenda of the Meeting, including draft resolutions, and other documents to be submitted to the Extraordinary General Meeting of Shareholders as well as to get information regarding execution of the shareholders' rights at the headquarters of AB „Utenos trikotažas“, J. Basanavičiaus str. 122, LT-28214 Utena, Lithuania, or on the Company's website at http://www.ut.lt.

 ENCL.:

Appendix No.1 – Draft decisions of the extraordinary general meeting of the shareholders.

Appendix No.2 - Draft of the new edition of the Company’s Articles of Association.

For more information please contact Mr. Gintautas Bareika, Managing Director of AB “Utenos trikotažas”, tel. No. 370 389 51445.

 

Managing Director    AB “Utenos trikotažas”     Gintautas Bareika