Decisions of the Extraordinary General Meeting of Shareholders of the AUGA group, AB, which took place on December 4, 2024 | 04.12.24
The Extraordinary General Meeting of Shareholders of the AUGA Group, AB (legal entity code 126264360, address: Konstitucijos ave. 21C, Vilnius; Company) took place on 4e In December 2024, the shareholders attending the meeting owned 190,737,910 shares, entitling them to 190,737,910 votes (i.e. 81.58% of the votes granted by all shares of the Company).. During the meeting, shareholders supported the proposal to restructure the company, approved the draft restructuring plan and authorized the company’s board of directors and management to monitor the implementation of this process.
The following decisions were taken on the
Extraordinary General Meeting of Shareholders:
1. Information about the Company’s financial problems, their causes and proposal to solve the restoration of the Company’s solvency
1. Information about the Company’s financial difficulties, the reasons for their emergence and possible ways to restore the Company’s solvency are considered presented (no decision is made).
Taken for the information.
2. To resolve the issue of restoring the Company’s solvency through additional cash contributions from the Company’s shareholders and to oblige the Board of Directors of the Company to convene an extraordinary general meeting of shareholders of the Company with regard to the increase of the Company’s share capital through additional cash contributions from the Company’s shareholders and the amendment of the Company’s articles of association.
Decision:
The decision on this agenda item was not adopted.
2. Decision on the restructuring of the Company
Decision:
1. Making a decision to restructure the Company.
2. Authorizing and obliging the CEO and the Board of Directors of the Company (with the right to subdelegate) to carry out all actions and to prepare and sign all documents necessary for the initiation of the restructuring process of the Company.
3. Approval of the draft restructuring plan of the Company
Decision:
1. Approving the draft restructuring plan of the Company.
2. Authorizing the CEO and the Board of Directors of the Company (with the right to subdelegate) to prepare the accompanying documents and attachments to the draft restructuring plan of the Company necessary to implement the draft restructuring plan to prepare and add to the Company, to coordinate the draft restructuring plan of the Company with the creditors of the Company, to prepare the final restructuring plan of the Company and submit it for approval to the General Meeting of Shareholders of the Company and the creditors of the Company in accordance with the procedure established by law, as well as carrying out all other actions and preparing other documents necessary for the submission of the Company’s draft restructuring plan to the court, thereby initiating the Company’s restructuring process.
Contacts:
AUGA Group, CEO of AB
Elina Chodzkaite – Barauskiene
+370 5 233 5340
