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XII ANNUAL SHAREHOLDER MEETING  OF CGES AD
May 28, 2021

XII ANNUAL SHAREHOLDER MEETING OF CGES AD

 

Pursuant to Article 135 and 136 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

 

XII ANNUAL SHAREHOLDER MEETING

 OF CRNOGORSKI ELEKTROPRENOSNI SISTEM AD

 

The Shareholder Meeting will be held in Podgorica on 28 June 2021 at 10:00 h at hotel Hilton Podgorica, Bulevar Svetog Petra Cetinjskog no. 2.

The following Agenda has been determined for XII Annual Shareholder Meeting:

Agenda

1.     Decision on the adoption of Financial Statements of Crnogorski elektroprenosni sistem AD for the year 2020 with audit report;

2.     Decision on the adoption of Operating Statements of Crnogorski elektroprenosni sistem AD for the year 2020;

3.     Decision on the selection of an auditor of Crnogorski elektroprenosni sistem AD for the year 2021;

4.     Decision on the adoption of the By-Laws of Crnogorski elektroprenosni sistem AD;

5.     Decision on the adoption of the Rules of Procedure of Shareholder Meeting 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.

Decisions referred to in agenda items 1, 2, 3, 4, 5, 6.1 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 referred to in agenda item 6.2 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.

The material for XII 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 XII Annual Shareholder Meeting will be made available every working day between 9:00 h and 15:00 h starting from 8 June 2021, while the insight into the Financial Statements of Crnogorski elektroprenosni sistem AD for 2020 with the audit report may be done from 28 May 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.

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. not later than 17 June 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 not later than 23 June 2021 to the following address: Crnogorski elektroprenosni sistem AD - Bulevar Svetog Petra Cetinjskog no. 18 – Podgorica (for the 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 XII Annual 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

 

ballot - 1 - 6.1.pdf

ballot - 6.2.pdf

power of attorney.pdf