Decisions taken in the extraordinary general meeting of shareholders of LITGRID AB
The following decision were adopted in the extraordinary General Meeting of Shareholders of LITGRID AB (company code 302564383, registered office at Karlo Gustavo Emilio Manerheimo g. 8, Vilnius) on 30th November 2022:
1. Regarding approval of LITGRID AB Board’s decision of 9 November 2022 (minutes No. 21)
1.1. In view of the decision of the Board of AB LITGRID of 4 February 2022, the decision of the Board of the parent shareholder UAB EPSO-G of 11th August 2022 and the opinion of the Audit Committee of 3rd November 2022, to sell 39.6%, i.e. 6 066 shares of AS TSO Holding (code: 919422505) to the parent shareholder UAB EPSO-G by concluding a share purchase and sale agreement on the following material terms:
The Seller - AB LITGRID (code: 302564383, registered office address: Karlo Gustavo Emilio Manerheimo g. 8, Vilnius).
The Seller undertakes to sell to the Buyer and the Buyer undertakes to buy from the Seller 6 066 shares with a nominal value of NOK 3 507 each in AS TSO Holding (code: 919 422 505), representing 39.6% of the total number of shares in AS TSO Holding.
Purchase and sale of 6 066 shares with a nominal value of NOK 3 507 each in AS TSO Holding ((company formed and carrying out business in Norway) code: 919 422 505, address: Drammensveien 151 0277, Oslo, Norway).
The transaction price is equal to the aggregate amount calculated by adding to the basic price of EUR 13 785 317,24 the compensation for legal and other costs related to the transaction.
1.2. To instruct the CEO of AB LITGRID to agree on other, non-substantial terms and conditions of the share purchase and sale transaction for the shares of AS TSO Holding with UAB EPSO-G.
2. Regarding approval of LITGRID AB Board’s decision of 9 November 2022 (minutes No. 21)
2.1. Approved agreement No 4 "Regarding 2021 September 10 "Reconstruction of 330/110/10 kV Neries TP" design and construction contract no. 21VP-SUT-156 of amendment" with "Žilinskis ir Co", UAB, (legal entity code 304317232)", for changing the essential term of the contract:
2.1.1. The contract price – the amount of 3 062 982 EUR, exclusive of VAT, is allocated additionally for the performance of the Contract; the total Contract price is 21 431 482 EUR, exclusive of VAT.
2.2. CEO of LITGRID AB authorised to a make decision, without a separate decision of the Board of LITGRID AB, regarding the change of the essential condition of the contract - the contract price - by reducing the price without any restrictions or by increasing the price by entering into agreements on the acquisition of additional works and/or on a reasonable increase in the prices of materials/equipment, if the total amount of all agreements on the prices does not exceed 10% (that is, 2 143 148,2 EUR, exclusive of VAT) of the original Contract price.
2.3. CEO of LITGRID AB obliged the to inform the Board, before making such a decision, by e-mail of the decisions made in Point 2.2. of this Decision regarding the amendment of the material condition of the contract. “3.1. To elect UAB PricewaterhouseCoopers, company code 111473315, as the audit company that will perform the audit of the set of consolidated and company financial statements of LITGRID AB prepared in accordance with the International Financial Reporting Standards adopted in the European Union for the period of 2022.
The person authorized by LITGRID AB to provide additional information:
Communications project manager
phone: +370 613 19977, e-mail: firstname.lastname@example.org