Vilnius, Lithuania, 2017-04-25 15:30 CEST (GLOBE NEWSWIRE) -- On 25 April 2017, during the extraordinary general meeting of Litgrid AB shareholders (legal entity code 302564383, registered address: A. Juozapavičiaus g. 13, Vilnius) the following decisions were made:
1. Approval of the consolidated annual report of the Company for 2016.
Decision:
To hear out the consolidated annual report of Litgrid AB on the activities of the company and the group of companies for 2016 (Annex No. 1)
2. Presentation of the external auditor's report.
Independent Auditor's Report is heard. No resolutions on this matter are adopted (Annex No. 1).
3. Approval of the consolidated and set of financial statements of the Company for 2016.
Desicion:
To approve the set of financial statements of Litgrid AB for 2016 (Annex No. 1)
4. Distribution of the Company's profit (loss) of 2016.
Decision:
To approve the profit distribution of Litgrid AB of 2016 proposed by the Board of Litgrid AB (Annex No. 2)
5. Approval of the transfer of 0.004% of shares of UAB Technologijų ir inovacijų centras.
Decision:
5.1. To approve the resolution of the Board of Litgrid AB of 20 March 2017 (Minutes No. 7) on approval of the sale of all the shares (1 000 shares, or 0.004% of total shares) of UAB Technologijų ir inovacijų centras (company code 303200016) owned by Litgrid AB to UAB Lietuvos energija for the price of EUR 847, calculated according to Paragraph 1.1. of the Shareholders Agreement No. SUT-309-15.
5.2. To authorise Litgrid CEO and Director of Finance Department to sign the agreement on purchase–sale of 1 000 shares of UAB Technologijų ir inovacijų centras with UAB Lietuvos energija following the procedure established by the laws and to carry out all other necessary actions related with the sale of 1 000 shares of UAB Technologijų ir inovacijų centras.
Information on the abovementioned decisions is also available on www.litgrid.eu.
Enclosed:
1. Consolidated and the company’s financial statements for 2016, drawn in accordance with the international financial reporting standards applicable in the European Union, presented together with the independent auditor's report and the consolidated annual report;
2. Profit (loss) distribution of Litgrid AB of 2016.
Vilija Railaitė, Head of Communications
Phone: +370 613 19977
e-mail: vilija.railaite@litgrid.eu
