LITGRID - Notification on material event

Convocation of Ordinary General Meeting of Litgrid Shareholders

Vilnius, Lithuania, 2016-04-04 15:17 CEST (GLOBE NEWSWIRE) -- On the initiative
and upon decision of the Board, taking into account proposals from the
Supervisory Council, Litgrid (company code 302564383, registered office address
A. Juozapavičiaus g. 13, Vilnius) calls ordinary meeting of Litgrid
shareholders on April 26, 2016, at 10.00 am. The meeting will take place in
company Room 226, A. Juozapavičiaus g. 13, Vilnius. The registration of
shareholders starts on April 26, 2016, at 9.30 a.m. The registration of
shareholders ends on April 26, 2015, at 9.55 a.m. 

The record date of the ordinary general meeting of shareholders has been set
for April 16, 2016. The right of participation and voting in the ordinary
general meeting of shareholders can be exercised only by the persons who remain
shareholders of Litgrid by the end of the record date of the ordinary general
meeting of shareholders. 

The record date of rights of the ordinary general meeting has been set for May
10, 2016. The shareholders‘ property rights provided for in Article 15 (1)
Items 1-4 of the Law of Companies of the Republic of Lithuania will be
exercised only by the persons who remain the company shareholders at the end of
the record date of the rights of the meeting. 

Agenda of the general meeting of shareholders and proposed draft decisions:

1.   Approval of the consolidated annual report of2015.

Proposed decision:

“To approve the Consolidated Annual Report on Corporate and the Litgrid Group
of Companies Operation in 2015.” (Annex No. 1) 

2.   Presentation of an independent auditor’s findings.

The independent auditor's report presented. The issue does not require
decisions. (Annex No. 1) 

3.   Approval of the set of Consolidated and Corporate Financial Report 2015.

Proposed decision:

“To approve the set of Consolidated and Corporate Financial Report of Litgrid
2015". (Annex No. 1) 

4.   Distribution of corporate profit (loss) 2015.

Proposed decision:

“To approve the proposed distribution of corporate profit (loss) of Litgrid
2015.” (Annex No. 2) 

5.   Approval of the new edition of Litgrid Articles of Association.

Proposed decision:

“5.1. To approve the new edition of Litgrid Articles of Association (Annex No.
3). 

5.2. To authorize the Litgrid CEO Daivis Virbickas sign the new edition of
Litgrid Articles of Association and personally or through an authorized person
to carry out any action in relation to its approval and registration in
Lithuanian Register of legal entities according to the laws.” 



The shareholders can get familiar with the documents related to the agenda of
the meeting, draft decisions and general ballot paper on work days, in the
premises of Litgrid, at A. Juozapavičiaus St. 13, Vilnius, Room 141, during the
office hours of the company (from 7.30 a.m. to 11.30 a.m. and from 12.15 p.m.
to 4.30 p.m., on Fridays from 7.30 a.m. to 11.30 a.m. and from 12.15 a.m. to
3.15 p.m.). These documents and other information that should be published in
accordance with the law relating to the shareholders’ right to propose to
supplement the agenda of the meeting, propose draft decisions with respect to
the items of the agenda and the shareholders’ right to submit questions in
advance to the company with respect to the items of the agenda of the meeting
shall also be placed on the company’s website at http://www.litgrid.eu. 

If a shareholder holding voting rights or a proxy duly authorised thereby makes
a request in writing, the Company shall develop and send by registered mail,
not later than within 10 days prior to the general meeting of shareholders, the
general ballot paper or shall hand it to the shareholder personally against the
signature thereof. The general ballot right is also available on the Company’s
website at http://www.litgrid.eu. A filled-out and signed general ballot paper
and a document attesting the right to vote may be sent to the Company by
registered mail or delivered to the Company at its address at A. Juozapavičiaus
St. 13, Vilnius, not later than by the end of the working day (4.30 p.m.) of
April 25, 2016. 

The Company shall have the right to refuse to include the advance voting of the
shareholder or a proxy thereof if the general ballot paper submitted does not
comply with the requirements laid down in Article 30(3) and 30 (4) of the Law
on Companies of the Republic of Lithuania, has been provided late or has been
filled out in a way that makes it impossible to identify the actual will of the
shareholder with respect to the questions at stake. 

A person taking part in the general meeting of shareholders and having the
right to vote shall present a document certifying his or her identity prior to
the end of registration of shareholders to the general meeting of shareholders.
A person who is not a shareholder shall, apart from a document certifying his
or her identity, also present a document attesting his or her right to vote in
the meeting. 

Persons may vote in a general meeting of shareholders by proxy. A proxy holder
shall have the same rights in the general meeting of shareholders as a
shareholder represented by him or her unless it is provided for otherwise in
the proxy. A proxy issued outside of Lithuania should be translated into
Lithuania and shall correspond to the legal requirements laid down in the
procedure established by law. The Company shall not establish a special form of
a proxy. 

The shareholders who have the right to take part in the general meeting of
shareholders shall have the right to authorise a natural or a legal person to
take part and vote in their name in the general meeting of shareholders. This
proxy shall not be certified by a notary. The Company shall acknowledge the
proxy issued by electronic means of communication only in case where the
shareholder signs it using an electronic signature created in a way of safe
signature formulation software and approved by the appropriate certificate
valid in the Republic of Lithuania, i.e. if the safety of transmitted
information is ensured and the shareholder’s identify can be detected. The
shareholder is obliged to notify the Company in writing about the proxy issued
by the means of electronic communication sending it by email at info@litgrid.eu
not later than till the end of the working day (4.15 p.m.) of April 25, 2015. 

The means of electronic communication will not be used for participation and
voting in the general meeting of shareholders. 

Attachments:

1. Consolidated and Company's Financial Statements for 2015, presented together
with Independent Auditor's Report and Consolidated Annual Report; 

2. Draft Paper on Distribution of Corporate Profit (Loss) 2015;

3. New edition of Litgrid Articles of Association;

4. Supervisory Board comments and suggestions;

5. General Ballot.


         Vilija Railaitė
         Litgrid Head of Communications
         Tel. +370 613 19977
         E-mail: vilija.railaite@litgrid.eu

Attachments:

1. Litgrid Annual Report EN 2015.pdf

4. Supervisory Board Comments.pdf

3. Litgrid Articles of Association draft.pdf

2. Draft profit loss distribution.pdf

5. General Ballot.docx