Pursuant to Article 135,136,149,151 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
IX EXTRAORINARY SHAREHOLDER MEETING
OF CRNOGORSKI ELEKTROPRENOSNI SISTEM AD
The Shareholder Meeting will be held in Podgorica on 26 October 2021 at 10:00h at hotel Hilton Podgorica, Bulevar Svetog Petra Cetinjskog no. 2.
By the Decision of the Board of Directors No. 9482 of 14 October 2021, at the request of the majority shareholder the State of Montenegro, the Agenda of the IX Extraordinary Shareholders Meeting of Crnogorski elektroprenosni sistem AD was extended.
The following Agenda has been determined for IX Extraordinary Shareholder Meeting:
1) Draft Decision on distribution of net profit of Crnogorski elektroprenosni sistem AD for the year 2020;
2) Draft Decision on removal of members of the Board of Directors of Crnogorski elektroprenosni sistem AD;
3) Draft Decision on appointment of members of the Board of Directors of Crnogorski elektroprenosni system AD;
The Decision referred to in agenda item 1 shall be adopted by a majority vote of 77 % of the total Company’s voting shares.
Decisions under items 2 and 3 shall be adopted by the so-called cumulative voting system. Candidates who win the largest number of votes from the quorum 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 IX 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).
Insight into the material for IX Extraordinary Shareholder Meeting will be made available every working day between 9:00 h and 15:00 h starting from 15 October 2021.
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) prior to 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.
The original power of attorney shall be submitted not later than 25 October 2021 to the following address: Crnogorski elektroprenosni sistem AD, Bulevar Svetog Petra Cetinjskog no. 18, Podgorica (for the Shareholder Meeting).
The registration of the present shareholders and proxies will be done from 9h to 10h on the day and at the place of holding the Extraordinary Shareholder Meeting.
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 IX 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.
CHAIRMAN OF THE BOARD
Aleksandar Mijušković, dipl.el.ing. m.p.
Ballot items 1 & 2 - SA V9.pdf
Ballot item - 3 - SA V9.pdf
Power of Attorney SA V9.pdf