Pursuant to Article 135, 136, 149, 151 and 161 of the Companies Act (Official Gazette of the Republic of Montenegro no. 65/20) and Article 45 paragraph 1 item 2 of the By-Laws of Crnogorski elektroprenosni sistem AD, the Board of Directors hereby convenes
VIII EXTRAORDINARY SHAREHOLDER MEETING
OF CRNOGORSKI ELEKTROPRENOSNI SISTEM AD
The Shareholder Meeting will be held on 4 June 2021 at 10:00 h in Hotel Hilton Podgorica, Bulevar Svetog Petra Cetinjskog no. 2.
The following Agenda has been determined for VIII Extraordinary Shareholder Meeting
Agenda:
1. Decision on removal of members of Board of Directors of Crnogorski elektroprenosni sistem AD;
2. Decision on appointment of members of Board of Directors of Crnogorski elektroprenosni sistem AD.
Decision referred to under agenda item 1 shall be adopted by a majority vote of the present or represented shareholders of the quorum consisting of at least ½ (50%) + 1 of the total Company’s voting shares.
Decision under agenda item 2 shall be adopted by the so-called cumulative voting principle. Candidates who win the largest number of votes from the quorum consisting of at least ½ (50%) + 1 of the total Company’s voting shares will be elected as members of the Board of Directors.
The material for VIII Extraordinary Shareholder Meeting will be made available to the shareholders at CGES’ premises in Podgorica at the address Bulevar Svetog Petra Cetinjskog no. 18 (office no. 301).
The material for VIII Extraordinary Shareholder Meeting will be available every working day from 10 May 2021 between 9:00 h and 15:00 h.
Shareholders who are not able to attend the Meeting can vote in advance through ballots, which shall be delivered to the address: Crnogorski elektroprenosni sistem AD - Bulevar Svetog Petra Cetinjskog no. 18 – Podgorica (for the Shareholder Meeting) no later than the beginning of the meeting of the Shareholder Meeting. The ballot must be certified in accordance with the law.
Shareholders with registered office/residence outside the territory of Montenegro may electronically participate in the work of the Shareholder Meeting and vote on agenda items before or during the meeting.
Shareholders who intend to participate electronically in the work of the Shareholder Meeting shall notify the Company via their official e-mail address to the following e-mail address: This email address is being protected from spambots. You need JavaScript enabled to view it., no later than 24 May 2021. Attached to the e-mail, it is necessary to submit a copy of the power of attorney and personal documents in order to identify the shareholder/proxy.
The original power of attorney shall be submitted no later than 28 May 2021 to the address: Crnogorski elektroprenosni sistem AD - Bulevar Svetog Petra Cetinjskog no. 18 – Podgorica (for the Shareholder Meeting – Company Secretary).
The registration of the present shareholders and proxies will be done from 9 h to 10 h on the day and place of the Extraordinary Shareholder Meeting.
Shareholders will be identified at the Meeting after presenting an identity document, and proxies will be identified after presenting power of attorney and identity document. The power of attorney must be certified in accordance with law.
Notice of convening VIII Extraordinary Shareholder Meeting, forms of power of attorney and ballots, as well as instructions on how to vote electronically, will be available at the Company’s website: www.cges.me.
CHAIRWOMAN OF THE BOARD
Vesna Bracanović, BEcon
POWER OF ATTORNEY.pdf
BALLOT.pdf
BALLOT 2.pdf