12.06.2001, Lietuvos energijos gamyba (until 2011), VLN

LIETUVOS ENERGIJA

MATERIAL EVENT



DECISIONS ADOPTED AT THE EXTRAORDINARY SHAREHOLDERS’ MEETING



On 12 June 2001, the extraordinary shareholders’ meeting took place. At the

meeting it was decided to:

1) reduce the authorised capital of Lietuvos Energija SPAB by the value of

assets transferred to municipalities from LTL 1,855,691,420 to LTL

1,807,077,180 by annulling 4,861,424 state-held shares at LTL 10 par.

2) Change par value of the remaining ordinary registered shares of Lietuvos

Energija SPAB from LTL 10 to LTL 1 by granting each shareholder 10 ORS at

LTL 1 par instead of one ORS at LTL 10 par.

3) Amend Paragraph 6.1. of the Articles of Association and to read it as

follows: “The authorised capital of the company equals LTL 1,807,077,180.

It is divided into 1,807,077,180 ordinary registered share at LTL 1 par.

4) Postpone consideration of the following issues until the Seimas and/or

Government of the Republic of Lithuania pass corresponding decisions:

Reorganisation of Lietuvos Energija AB; Approval of reorganisation project of

Lietuvos Energija; Approval of Articles of Association of the newly established

companies and a new wording of Articles of Association of Lietuvos Energija AB.

5) Allot LTL 4,500,000 for performance of liabilities established in the

collective agreement for the period until 1 May 2002.

6) Postpone consideration of the following issue until the Seimas of the

Republic of Lithuania passes corresponding decisions: results of the tender on

factoring the debt of the Belorussian state energy concern Belenergo.

7) Amend Paragraph 11.1. of the Articles of Association and to read it as

follows:” The Management Board is a collegial body ruled by the Chairman. The

Management Board consists of 7 persons: the Chairman and 6 members.”





Ingrida Surgailienė

Senior specialist

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