On 8 June, the 14th Ordinary General Meeting of Shareholders of the Montenegrin Electricity Transmission System AD will be held.
Pursuant to Article 135, 136 and Pursuant to Article 135 and 136 and 161 of the Companies Act (Official Gazette 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 to convene
XIV ANNUAL SHAREHOLDER MEETING
OF CRNOGORSKI ELEKTROPRENOSNI SISTEM AD
The shareholders' meeting will be held in Podgorica. 08.06.2023at the hotel "Hilton Podgorica, Boulevard St. Peter of Cetinje No. 2, starting at 10.00 h.
For XIV regular Shareholders' Meeting, the following was established
Agenda :
1. Decision on the adoption of the Financial Statements of the Montenegrin Transmission System Company AD for 2022, with the auditor's report;
2. Decision on the distribution of the realised profit of Crnogorski elektropredajni sistem AD for 2022;
3. Decision on the adoption of the business report of the Montenegrin Transmission System Operator AD for 2022;
4. Decision on the selection of the auditor of Crnogorski elektropredajni sistem AD for 2023;
5. Decision on the adoption of the Remuneration Policy of Crnogorski elektroprenosni sistem AD;
6. Decision on:
6.1 Removal of members of the Board of Directors of Crnogorski elektroprenosni sistem AD;
6.2 Appointment of members of the Board of Directors of Crnogorski elektroprenosni sistem AD.
DecisionMeeting to in agenda items 1., 3., 4., 5. and 6.1. shall be adopted, by a majority vote of the shareholders present or represented, of the quorum consisting of at least ½ (50%) + 1 of of the total voting shares.
Decision under item 2 of the agenda passed by a majority of 77% total number all of all the Company’s voting shares..
The decision under item 6.2 is made by the so-called cumulative voting principle. Candidates for the Board of Directors will be elected who receive the highest number of votes from a quorum constituting at least ½ (50%) + 1 of the total number of the Company's voting shares.
Material for The XIV Ordinary General Meeting of Shareholders will be made available for inspection by shareholders at the CGE's business premises, Podgorica, 18 St. Peter of Cetina Boulevard (office no. 301).
Insight into the material for The 14th Ordinary General Meeting of Shareholders, can be carried out every working day between 09:00 and 15:00, starting from 19.05.2023.
Shareholders who are not able to attend the meeting can vote in advance through ballots delivered to the following address: Crnogorski elektroprenosni sistem AD - Bulevar Svetog Petra Cetinjskog 18 – Podgorica (for the Shareholder Meeting) not later than the beginning 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 are items before or during the meeting .
Shareholders who intend to participate in the General Meeting of Shareholders electronically shall notify the Company of this from their official email address to the following email address: Katarina Blagojevic@cges.me, no later than 25.05.2023. In the email attachment, a copy of the power of attorney and personal documents must be provided for the identification of the shareholder/attorney.
The original power of attorney must be submitted no later than 05.06.2023 to the address:
Crnogorski elektroprenosni sistem AD - Bulevar Svetog Petra Cetinjskog 18 – Podgorica (for the Shareholder Meeting – attn Company Secretary).
Registration of attending shareholders and proxies will be carried out from 9:00 h to 10:00 h on the day at andat holding an extraordinary General Meeting of Shareholders.
Shareholders will be identified at the meeting after presenting identity documents, and proxies will be identified after presenting power of attorney and identity documents. The power of attorney must be certified in accordance with law.
Notice of convening Fourteenth regularMeeting ShareholderMeeting 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. www.cges.me.
Chairman of the Board,
Aleksandar Mijušković, BScEE