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
XV ANNUAL SHAREHOLDER MEETING
OF CRNOGORSKI ELEKTROPRENOSNI SISTEM AD
The shareholders' meeting will be held in Podgorica. 28.06.2023at the hotel "Cue", 7 Cetinjska Street, starting at 10.00 h.
For XV regular Shareholders' Meeting, the following was established
Agenda :
1. Decision on the adoption of Financial Statements of Crnogorski elektroprenosni sistem AD for the year 2023 with audit report;
2. Decision on the distribution of the realised profit of Crnogorski elektroprenosni sistem AD for 2023;
3. Decision on the adoption of Operating Statement of Crnogorski elektroprenosni sistem AD for the year 2023;
4. Information on the current status and proposed amendment to the budget and completion dates for finishing the Project of Interconnecting electric power system of Montenegro and Italy via the Submarine DC cable ;
5. Decision on the selection of an auditor of Crnogorski elektroprenosni sistem AD for the year 2024;
6. Decision on the adoption of the Remuneration Policy of Crnogorski elektroprenosni sistem AD;
7. Decision on:
7.1 Removal of members of the CGES AD Board of Directors;
7.2 Appointment of members of the CGES AD Board of Directors
Decisionpossessed to in agenda items 1, 3, 5, 6 and 7.1. 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 Company’s voting shares.
Decisions under items 2 and 4 of the agenda shall be adopted by a majority of 77% total number all of all the Company’s voting shares..
Decision referred to in agenda item 7.2 shall be adopted by the so-called cumulative voting principle. Candidates who win the largest number of votes of the quorum consisting of at least ½ (50%) + 1 of the total Company’s voting shares will be elected members of the Board of Directors.
Material for XV Annual 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).
Insight into the material for The 15th Ordinary General Meeting of Shareholders,will be made available every working day between 10 – 15.00 hours, starting from 08.06.2024.
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 no. 18 – Podgorica (for the Shareholder Meeting) no 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 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: Katarina Blagojevic@cges.me, no later than 18.06.2024Attached 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 not later than 25.06.2024to the following address:
Crnogorski elektroprenosni sistem AD, Bulevar Svetog Petra Cetinjskog no. 18, Podgorica (for the Shareholder Meeting – attn Company Secretary).
The registration of the present shareholders and proxies will be done from 9 h to 10 h on the day and at the place of holding the Extraordinary Shareholder Meeting.
Shareholders will be identified 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 Xpossessed Annualpossessed 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.
CHAIRMAN OF THE BOARD,
Aleksandar Mijušković, BScEE
1. ballot paper - points 1 to 7.1; XV regular Sa.docx
2. ballot paper_ item 7.2; XV regular Sa.docx
15th Ordinary General Meeting of Shareholders – General Power of Attorney.docx