Vilnius, Lithuania, 2016-01-08 09:05 CET (GLOBE NEWSWIRE) -- On the initiative and by decision of the Board of AB Litgrid (legal entity kode 302564383, registered office address at A. Juozapavičiaus str. 13, Vilnius, hereinafter referred to as ‘the Company’), an extraordinary general meeting of shareholders of AB Litgrid is convened at 09.00 on 28 January 2016. The meeting will be held in the Room 226 in the Company’s offices at A. Juozapavičiaus str. 13, Vilnius. The shareholders’ registration begins at 08:30 on 28 January 2016. The shareholders’ registration ends at 08:55 on 28 January 2016.
The shareholders’ record date for the purposes of the extraordinary general meeting of shareholders has been set 21 January 2016. Only those persons that are shareholders of AB Litgrid as of the end of the shareholders’ record date of the extraordinary general meeting of shareholders can attend and vote at the extraordinary general meeting of shareholders.
The agenda of the general meeting of shareholders and proposed draft resolution:
1. Agenda:
Regarding transfer of 67 percent of UAB Baltpool share capital.
The proposed draft resolution on the aforesaid item of the agenda:
„1.1. In pursuance to define the activities, which are not directly related to the electricity transmission, carried out by AB Litgrid, to approve the 6 January 2016 decision No 4 of the Board (Protocol No 1) to transfer 478 800 units (four hundred seventy eight thousand eight hundred units) ordinary registered non-material UAB Baltpool (legal entity code 302464881, registered address A. Juozapavičiaus str. 9-3, Vilnius) shares (67 percent of share capital), to UAB EPSO-G (legal entity code 302826889, registered address A. Juozapavičiaus str. 13, Vilnius) for 387 828 Eur (three hundred eighty seven thousand eight hundred twenty eight euros) in accordance with valuation of the independent property assessor.
1.2. To authorize the CEO of AB Litgrid and Director of Finance Department according to the laws to sign purchase-sale agreement of the 478 800 units of the UAB Baltpool and to perform all actions related to the transfer of 478 800 units of UAB Baltpool shares.“
The shareholders can familiarise themselves with documents related to the agenda of the meeting, the draft resolution, and the general ballot on working days starting from 11 January 2016 in the premises of AB Litgrid at A. Juozapavičiaus str. 13, Vilnius, Room 141, during the working hours of the Company (07:30 – 11:30 and 12:15 – 16:30, on Fridays 07:30 – 11:30 and 12:15 – 15:15). These documents and other information which must be public according to the law and which is related to the shareholders’ right to propose additions to the agenda of the meeting, to propose draft resolutions on items on the agenda of the meeting and to put questions to the Company concerning items on the agenda in advance will also be published on the Company’s website at http://www.litgrid.eu.
If a shareholder having the right to vote or his duly authorised representative requests in writing, the Company will prepare and send, no later than 10 days before the general meeting of shareholders, a general ballot by registered mail or deliver it personally against signature. The general ballot will also be available on the company’s website at http://www.litgrid.eu. A filled-in and signed general ballot and a document confirming the right to vote can be presented to the Company by registered mail or by personal delivery to its offices at A. Juozapavičiaus str. 13, Vilnius, not later than by the end of working hours (16:30) on the 27 January 2016.
The Company reserves the right not to include in the voting results the votes cast by the shareholder or his authorised representative in advance if the presented general ballot does not meet the requirements set in Article 30 (3) and (4) of the Republic of Lithuania Law on Companies, or if it is received late or is filled in a way that makes it impossible to establish the true will of the shareholder on a specific issue.
A person attending the general meeting of shareholders with the voting right must present, by the end of registration of the shareholders for the general meeting of shareholders, a personal identification document.
Persons have the right to vote at the general meeting of shareholders by proxy (under a power of attorney). A power of attorney is a written document issued by a person (principal) to another person (proxy) to represent the principal for the purposes of establishing and maintaining relations with third persons. A power of attorney authorising a person to take, on behalf of a natural person, actions related to legal persons must be certified by a notary except for cases where authorisation in a different form is permitted by law. Proxies must hold a personal identification document and a power of attorney which must be certified according to the procedure prescribed by the law and which must be produced no later than by the end of registration of the shareholders for the general meeting of shareholders. A proxy is entitled to the same rights at the general meeting of shareholders as the shareholder represented by him/her would have.
Shareholders having the right to attend the general meeting of shareholders may authorise a natural or legal person, by means of electronic communications, to vote on their behalf at the general meeting of shareholders. Such an authorisation does not need to be certified by a notary. The company accepts an authorisation given by means of electronic communications provided that the shareholder has signed it with an electronic signature created by means of a secure signature creating software and the signature has been certified by a qualified certificate valid in the Republic of Lithuania, i. e. provided that security of the transmitted information is ensured and the shareholder’s identity can be established. The shareholder must give the Company a written notice of such authorisation by sending it via email to info@litgrid.eu not later than by the end of the working hours (16:30) on 27 January 2014.
Attending and voting at the general meeting of shareholders by means of electronic communications is not possible.
Attachments:
1. General ballot
2. Minutes of the Board meeting
Vilija Railaitė
Head of Communications
Phone +370 5278 2361
Mobile +370 613 19977
E-mail vilija.railaite@litgrid.eu
