Conexus shareholders' meeting will take place on 12 May
The single natural gas transmission and storage system operator AS “Conexus Baltic Grid” (Conexus”) informs that the company's regular shareholder meeting will be organised on 12 May at 10.00. The agenda of the meeting will include the approval of the company's 2020 annual report, the use of profits, the new version of the company's articles of association, as well as the approval of a new membership of the public council.
At the same time, the agenda of the meeting shall also provide for the setting and approval of the remuneration policy of the members of the Management Board and the members of the Council, as well as the election of an auditor for the auditing of the Company's next three years financial statements and
According to Conexus Board Chairman Uldis Bariss, the shareholder meeting will decide to use the company's profits by examining the possibility of paying higher dividends. In evaluating the capital structure, Conexus has become accustomed to paying higher dividends to the company's shareholders from the undistributed profits of previous years. At the same time, it should be stressed that this will not affect in any way end-users of natural gas and the price of services, as well as the business and development plans of the company.
In view of the national limits of Covid-19 and in order to ensure the health of meeting members, the meeting of shareholders will be organised remotely, inviting shareholders to participate in writing by completing the voting form before the meeting of shareholders.