Lietuvos Energija UAB - Notification on material event

The new Supervisory Board of Lietuvos energija, UAB has been elected

Lietuvos energija, UAB (hereinafter – the Company), legal entity code 301844044, registered office address at Žvejų St. 14, Vilnius, Republic of Lithuania. The total nominal value of the issued bonds is EUR 300,000,000; ISIN code XS1646530565.

The Company informs that on 30 August 2017 the Ministry of Finance of the Republic of Lithuania, the holder of a 100 per cent shareholding in the Company, elected the new Supervisory Board of the Company for a term of office of four years.

The Supervisory Board is formed in accordance with the principles of the Corporate Governance that are in line with the recommendations of the Organization for Economic Co-operation and Development (OECD).

According to the new Guidelines of the Corporate Governance of the Company Group, adopted by the Minister of Finance, the Supervisory Board consists of five members: two of them are delegated by the Ministry of Finance, the shareholder of the Company, and three other Members of the Supervisory Board must be independent.

The Ministry of Finance elected Chief Adviser to the Minister Agnė Bagočiutė and Director of the State Property Management Department Aušra Vičkačkienė as members of the Supervisory Board. The elected independent members of the Supervisory Board included Darius Daubaras (Project Manager at Saudi Aramco, the world’s largest oil refinery) and Daiva Lubinskaitė Trainauskienė (Human Resources Director of UAB „Thermo Fisher Scientific Baltics” and Member of the Board at the Association of Human Resource Management Professionals). The other candidates do not meet the requirements for this position, so the third independent member of the Supervisory Board will be re-elected in the near future. 

         Director of Corporate Communications Division at Lietuvos energija, UAB, Ernesta Dapkienė, +370 61143548, ernesta.dapkiene@le.lt