General meeting of shareholders
Decisions adopted at the Ordinary General Meeting of LITGRID AB Shareholders, 23 April 2019
On 24 April 2018, 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. Presentation of the consolidated annual report of the Company for 2018.
The consolidated annual report of LITGRID AB on the activities of the company and the group for 2018 was taken into account. (Annex No. 1)
2. Presentation of the external auditor's report.
Independent Auditor's Report was taken into account. (Annex No. 1)
3. Approval of the consolidated report and financial statements of the Company for 2018.
To approve the financial statements of LITGRID AB for 2018 (Annex No. 1)
4. Distribution of the Company's profit (loss) of 2018.
To approve the profit (loss) distribution of LITGRID AB of 2018 proposed by the Board of LITGRID AB (Annex No. 2)
5. Concerning the Settlement of remuneration rates for LITGRID AB Board Members.
From 2019 April 1 settle the following specific rates for the independent Board members of LITGRID AB:
60.00 (sixty) euro (before tax) hourly wage for activities on the Board of LITGRID AB, not exceeding maximum amount of remuneration of 1 200,00 (one thousand two hundred) euros (before tax) per month; and the maximum amount paid for actual hours related to the activities on the Board of LITGRID AB for the chairman of the Board of the Company - 1 560 (one thousand five hundred sixty) euros (before tax) per month.
To settle that the Board members of LITGRID AB Board, who are also employees of the parent holding company of LITGRID AB, UAB EPSO-G, are not remunerated for activities on the Board of LITGRID AB.
6. Regarding the amendment of the standard terms and conditions of contracts with the members of the Board on the activities of the Board of LITGRID AB.
Confirm the updated standard terms and conditions of Board member and independent Board member agreements for activities on LITGRID AB board (Annex Nr. 3-4).
7. The appointment of a person authorized to sign LITGRID AB agreements with LITGRID AB Board members.
To authorize Daivis Virbickas, General Director of LITGRID AB not later than by 2019 May 1 to sign contracts on behalf of LITGRID AB, with LITGRID AB Board members for activities of LITGRID AB Board, on standard terms and conditions of Board member and independent Board member agreements, for activities in LITGRID AB management.
Information on the abovementioned decisions is also available on www.litgrid.eu.
- Consolidated financial Company financial statements for 2018, prepared in accordance with the International Financial Reporting Standards adopted by the European Union, together with the conclusion of the independent auditor and consolidated yearly report;
- Profit (loss) distribution project for 2018;
- Standard contract for the Independent Board member;
- Standard contract for the Board member.
The individual authorized by Litgrid AB to provide additional information:
Head of Communication Division
phone. +370 613 19977