Lietuvos energija, AB - Notification on material event

Concerning the agenda and the proposed draft resolutions of the annual general meeting of shareholders of Lietuvos energija, AB

Elektrėnai, Lithuania, 2012-04-06 13:16 CEST (GLOBE NEWSWIRE) -- An annual
general meeting of shareholders of Lietuvos energija, AB (business ID
302648707, registered office address Elektrinės g. 21, Elektrėnai), hereinafter
referred to as the “Company“,  is being convened on 30 April 2012  on the
initiative and by resolution of the Board of the Company. 

The general meeting of shareholders of the Company will take place at
Elektrinės g. 21, Elektrėnai, Republic of Lithuania. The meeting will start at
9.00 a.m. on 30 April 2012. Start of registration of shareholders: at 8.30 a.m.
on 30 April 2012. End of registration of shareholders: at 8.55 a.m. on 30 April
2012. 

23 April 2012 is the day of identification of shareholders for the purposes of
the general meeting of shareholders of Lietuvos energija, AB. Only those
persons who are shareholders of the Company as of the end of the said
identification date are entitled to attend and vote at the general meeting of
shareholders of the Company. 

The agenda and the proposed draft resolutions of the general meeting of
shareholders of Lietuvos energija, AB: 

1. Presentation of the Consolidated Annual Report of Lietuvos energija, AB and
its subsidiaries for financial year 2011. 

“Approve of the Consolidated Annual Report of Lietuvos energija, AB and its
subsidiaries for financial year 2011 (appended)“. 

2. Presentation of an Independent Audit Report on the Financial Statements of
Lietuvos energija, AB for 2011 and on the Consolidated Financial Statements of
Lietuvos energija, AB and Its Subsidiaries for 2011. <No resolution on this issue will be passed>.

3. Approval of the Financial Statements of Lietuvos energija, AB for 2011 and
the Consolidated Financial Statements of Lietuvos energija, AB and Its
Subsidiaries for 2011. 

“Approve the Financial Statements of Lietuvos energija, AB and the Consolidated
Financial Statements of Lietuvos energija, AB and Its Subsidiaries for the year
ended on 31 December 2011, audited by  PricewaterhouseCooper UAB, the Company‘s
auditor (appended).“ 

4. Allocation of profit / loss of Lietuvos energija, AB for 2011.

“Approve the allocation of profit / loss of Lietuvos energija, AB for the year
ended on 31 December 2011“. 

5. Approval of the model agreement by and between Lietuvos energija, AB and an
independent member of the Board. 

“5.1. Approve the form of model agreement by and between Lietuvos energija, AB
and an independent member of the Board (hereinafter referred to as the
“Agreement“) (appended); 

5.2. Authorise the General Manager of Lietuvos energija, AB to amend any
non-material terms and conditions of the Agreement; 

5.3. Set for the independent member of the Board of Lietuvos energija, AB a
hourly rate of pay of LTL 150 (one hundred fifty Litas) excluding VAT for the
actual work of an independent member of the Board; 

5.4. Establish that the maximum remuneration for the independent member of the
Board of Lietuvos energija, AB shall be LTL 3,500 (three thousand five hundred
Litas) excluding VAT per month; 

5.5. Authorise the General Manager of Lietuvos energija, AB to conclude an
agreement on the activities of an independent member of the Board with Ms
Sonata Matulevičiene, Independent Member of the Board“. 

Any information related to the general meeting of shareholders being convened,
which must be published according to the law, and any additions to the issues
on the agenda are published in the Company‘s website  http://www.le.lt and in
the website of NASDAQ OMX Vilnius according to the procedure prescribed by the
laws. 

The shareholder or his proxy has the right to vote in advance by completing the
ballot. At the written request of the shareholder or his proxy, the Company
shall, not later than 10 days prior to the date of the general meeting of
shareholders, send the ballot by registered letter or deliver it by hand
against signature. The ballot shall also be published in the Company‘s website
http://www.le.lt, section “For Shareholders“. The completed and signed ballot
and the document evidencing the voting right shall be submitted to the Company
by registered letter or delivered by hand to the Company to the address
Elektrinės g. 21, Elektrėnai, not later than by the end of the working day
(3.15 p.m.) on 27 April 2012. 

The Company shall have the right not to include the vote of a shareholder or
his proxy in the count of votes if the advance ballot does not comply with the
requirements of Article 30 (3) and (4) of the Republic of Lithuania Law on
Companies, has been received late, or completed in such a way that it is
impossible to determine the actual will of the shareholder on any of the issues
being voted on. 

Persons may vote at the general meeting of shareholders by proxy. A proxy is a
written document issued by a person (the principal) to another person (the
proxy), authorising the proxy to represent the principal in the establishing
and maintaining relations with third parties. A proxy entitling to take actions
on behalf of a natural person, where actions are related to legal persons, must
be notarially certified except for cases prescribed by the law when a proxy in
another form may be submitted. Persons acting as proxies must produce, not
later by the end of registration of the shareholders for the general meeting, a
personal identification document and a proxy certified according to the
procedure prescribed by the law. At the general meeting of shareholders, a
proxy has the same rights as the shareholder that he/she represents. 

Any shareholder entitled to attend the general meeting of shareholders is
entitled, using means of electronic communications, to authorise a natural or
legal person to attend and vote on his behalf at the general meeting of
shareholders. Such electronic proxy does not require notarial certification.
The Company recognises an electronic proxy provided that it has been signed by
the shareholder with electronic signature, created by secure signature
development software and approved by a qualified certificate valid in the
Republic of Lithuania, i. e. provided that security of the information being
transmitted is ensures and identity of the shareholder can be established. The
shareholder must inform the Company about such electronic certificate in
writing, by sending it via email info@le.ltnot later than by the end of the
working day (3.15 p.m.) on 27 April 2012. 

No participation or voting by means of electronic communications will be
allowed at the general meeting of shareholders. 








         Jūratė Kavaliauskaitė
         Head of Communications
         Lietuvos energija, AB
         Tel. +370 528 33691
         E-mail: jurate.kavaliauskaite@le.lt

Attachments:

2011 Profit distribution project.pdf

Sutartis su nepriklausomu valdybos nariu EN.pdf