Notification on material event
Correction: Concerning the opinion of the Audit Committee
Corrected date when the Board of LITGRID AB will consider the conclusion of the agreement.
Lithuanian electricity transmission operator LITGRID AB (business ID 302564383, registered office address A. Juozapavičiaus 13, LT-09311, Vilnius, Lithuania), informs that on 14 of August 2019 the opinion of The Audit Committee of the holding company UAB EPSO-G was received regarding the intended agreement of the management holding services between LITGRID AB and UAB EPSO-G. In the opinion of the audit committee, the transaction is in line with market conditions and is fair and reasonable with respect to the shareholders of LITGRID AB, which is not a management service counterparty, whereas services will be provided to optimize operations and increase efficiency by rationally utilizing the resources managed by UAB „EPSO-G“.
The Board of LITGRID AB shall consider the conclusion of the agreement on the 23th of August 2019.
Part 6 of the article 37(2) of the Law on Companies of the Republic of Lithuania establishes that the company is obliged to enable the shareholders to familiarise with this opinion at the registered office of the company. At the request of the Shareholder by written or electronic means, at the latest within 3 days from the receipt of the request, the Company shall send a copy of this opinion to the Shareholder by signing or send by registered mail or by electronic means if the security of the transferred information is ensured and the Shareholder's identity can be established. The Shareholder can also get acquainted with the opinion received at the head office of the Company at A. Juozapavičiaus g. 13, Vilnius, during the Company's working hours, by sending an acknowledgment of receipt to the telephone or e-mail address below within 1 business day.
The individual authorized by Litgrid AB to provide additional information:
Head of Communication Division
phone: +370 613 19977