Pursuant to Article 36 of the Companies Act (Official Gazette of the Republic of Montenegro no. 6/2002, Official Gazette of Montenegro no. 17/07, 80/08, 40/10 and 36/11) and Article 45 paragraph 1 item 2 of the By-Laws of Crnogorski elektroprenosni sistem AD, the Board of Directors of the Company hereby convenes
X ORDINARY SHAREHOLDERS ASSEMBLY MEETING OF
CRNOGORSKI ELEKTROPRENOSNI SISTEM AD
The Shareholders Assembly meeting will be held on 25 June 2019 in the business premises of CGES in Podgorica – Bulevar Svetog Petra Cetinjskog no.18, starting at 9.00 h.
The following Agenda has been determined for X Ordinary Shareholders Assembly Meeting:
AGENDA
1. Financial Statements of Crnogorski elektroprenosni sistem AD for the year 2018;
2. Decision on distribution of profit earned by Crnogorski elektroprenosni sistem AD for the year 2018;
3. Operating statements of Crnogorski elektroprenosni sistem AD for the year 2018;
4. Decision on selection of an auditor of Crnogorski elektroprenosni sistem AD for the year 2019;
5. Decision on:
5.1. Removal of Members of the Board of Directors of Crnogorski elektroprenosni sistem AD;
5.2. Appointment of Members of the Board of Directors of Crnogorski elektroprenosni sistem AD.
Decision under agenda item 1,2,3,4 and 5.1 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 number of the Company’s voting right shares.
Decision under item 5.2 shall be adopted according to the so-called cumulative voting principle. The members of the Board of Directors will be appointed among the candidates who win the largest number of votes of the quorum consisting of at least ½ (50%) + 1 of the total number of the Company’s voting right shares.
Material for X Ordinary General Shareholders Assembly and draft decisions will be made available to the shareholders in the business premises of CGES- Podgorica, Bulevar Svetog Petra Cetinjskog no.18. and Moskovska no. 39.
The material for X Ordinary General Shareholders Assembly will be available from 24 May 2019 every working day between 9:00 h and 15:00 h.
Written shareholders’ statements on specific agenda items may be submitted at the following address: Crnogorski elektroprenosni sistem AD – Bulevar Sv. Petra Cetinjskog no. 18 (for Shareholders Assembly).
Shareholders will be identified at the Assembly after presenting personal documents, and proxies will be identified after presenting certified power of attorney and personal documents. Power of attorney must be certified in accordance with the law (with the basic court or notary).
Notice of convocation of X Shareholders Assembly Meeting, templates of power of attorney and voting ballots will be available on the Company’s website at www.cges.me.
CHAIRWOMAN OF THE BOARD
Vesna Bracanović, BEcon.