11th Extraordinary General Meeting of Shareholders of the Montenegrin Electricity Transmission System AD
Pursuant to Articles 135, 136, 149, 151 and 161 of the Law on Commercial Companies ('Official Gazette of Montenegro' no. 65/20) and Article 45, paragraph 1, point 2 of the Statute of the Montenegrin Electricity Transmission System AD, the Board of Directors convenes
XI EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
Montenegrin Transmission System AD
Shareholders assembly will be held in Podgorica on the 12th.12.2022. years at the Hilton Podgorica hotel, 2 St. Petar Cetinjski Boulevard, Starting at 10:00.
For the Extraordinary General Meeting of Shareholders, the following has been established.
Daily routine:
1. Decision on the dismissal of the members of the Board of Directors of the Montenegrin Transmission System Company AD;
2. Decision on the election of members of the Board of Directors of the Montenegrin Transmission System Company AD.
The decision under item 1 of the agenda is passed by a majority vote of the shareholders present or represented, from a quorum constituting at least 50% plus one of the total number of the Company's voting shares.
The decision under item 2 is made by the so-called cumulative voting principle. Candidates for the Board of Directors shall be elected who receive the highest number of votes from a quorum representing at least 50% plus one of the total number of the Company's voting shares.
Material for XI Extraordinary General Meeting of Shareholders...will be made available for inspection to shareholders at the CGES's business premises – Podgorica, 18 Bulevar Svetog Petra Cetinjskog (office no. 301).
Insight into the material for XI extraordinary Shareholders' Meeting, can be carried out on any working day between 09:00 and 15:00, starting from 22.11.2022.
Shareholders who are unable to attend the General Assembly may vote in advance by post, using the voting forms which should be sent to the address: Crnogorski elektroprenosni sistem AD – Bulevar Sv. Petra Cetinjskog no. 18 – Podgorica (for the General Meeting of Shareholders) no later than the start of the General Meeting of Shareholders. The voting slip must be certified in accordance with the law.
Shareholders with their registered office or residence outside the territory of Montenegro may participate electronically in the work of the General Assembly of Shareholders and vote on the items on the agenda before or during the meeting.
Shareholders who intend to participate in the General Meeting of Shareholders electronically will notify the Company of this from their official email address to the following email address: committee administrator@cges.me, by 2 December 2022. A copy of the power of attorney and personal documents must be attached to the email for the identification of the shareholder/attorney.
The original power of attorney must be submitted no later than 05.12.2022 to the address:
Montenegrin Electricity Transmission System AD – 18 Bulevar Sv. Petra Cetinjskog – Podgorica (for the Shareholders' Meeting – to the Company Secretary).
Registration of shareholders and proxies will take place from 09:00 to 10:00 on the day and at the venue of the Extraordinary General Meeting of Shareholders.
Shareholders will be identified at the General Meeting by means of personal identity documents, and proxy holders by means of a power of attorney and personal identity documents. The power of attorney must be certified in accordance with the law.
Notice of Convocation XI The notice of the extraordinary General Meeting of Shareholders, proxy forms and ballot papers, as well as instructions on how to vote electronically, will be available on the Company's website: www.cges.me.
Mijat Mirković, Dipl. Eng. (Elec.)