Resolutions Adopted on April 30, 2012 at the Ordinary General Shareholders Meeting of LITGRID AB
On April 30, 2012 during the ordinary general shareholders meeting of LITGRID AB (legal entity code - 302564383, legal status – public company, registered address: A. Juozapavičiaus g. 13, Vilnius city, Vilnius city municipality, the Republic of Lithuania, data about the company are collected and stored at Vilnius branch of VĮ Registrų Centras, Division of Registry of Legal Entities), the following resolutions were adopted:
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Approval of the Company’s consolidated annual report for 2011.
RESOLUTION ADOPTED:
To approve the consolidated annual report of the Company and the subsidiary companies for 2011 (see attached).
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Approval of a set of consolidated statements and financial statements of the Company for 2011.
RESOLUTION ADOPTED:
To approve the set of consolidated statements and financial statements of the Company for 2011 (see attached).
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Distribution of the Company’s profit for 2011.
RESOLUTION ADOPTED:
To approve the distribution of the Company’s profit (loss) for 2011 (see attached).
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Revision and approval of the Articles of Association of the Company.
RESOLUTION ADOPTED:
1. To approve a new version of the Articles of Association of the Company (see attached).
2. To authorise the Chief Executive Officer of the Company to sign the revised Articles of Association as prescribed by legislation and register them at the Register of Legal Entities of the Republic of Lithuania, also to perform any other actions related to the registration of the revised Articles of Association.
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Approval of the agreement on standard terms and conditions of the activities of an independent Board Member.
RESOLUTION ADOPTED:
1. To approve the standard terms and conditions of the agreement regarding the activities of an independent Board Member of LITGRID AB (see attached).
2. To grant the Director General of the Company the right to amend non-essential terms and conditions of the agreement regarding the activities of an independent Board Member of LITGRID AB.
3. To authorise the Director General of the Company to sign the agreement regarding the activities of an independent Board Member of LITGRID AB with Valentinas Pranas Milaknis, whom the Company considers as an independent Board Member.
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Establishment of the remuneration for an independent Board Member.
RESOLUTION ADOPTED:
1. To establish for an independent Board Member of the Company an hourly remuneration of LTL 150 (one hundred and fifty litas) excluding VAT for actually performed activities of the independent Board Member.
2. To establish that the monthly remuneration for an independent Board Member shall be limited to the maximum amount of LTL 3 500 (three thousand, five hundred litas) excluding VAT.
The persons, having the right to receive dividends, are to be those, which are to be the shareholders of LITGRID AB at the end the record date of the rights of LITGRID AB shareholders, i.e. at the end of May 15, 2012. The dividends to such persons are to be paid in compliance with the Article 60 Part 4 of Law on Companies or Republic of Lithuania, i.e. within one month from the day of adoption of the decision to pay dividends, payments being made by persons responsible for the securities accounts of LITGRID AB and AB SEB bankas, the person responsible for the accounting of shares of LITGRID AB.
Information about aforementioned decisions is also available on the website of LITGRID AB at http://www.litgrid.eu as well as at the headquarters of LITGRID AB (A. Juozapavičiaus str. 13, Vilnius) during business hours (7.30–11.30 a.m. and 12.15–4.30 p.m.; 7.30–11.30 a.m. and 12.15–3.15 p.m. on Fridays).
Laura Šebekienė
Head of Communications
Ph. +370 693 65377,
Email: laura.sebekiene@litgrid.eu
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