Decisions of the Annual General Meeting of Shareholders of Grigeo Group AB
The Annual General Meeting of shareholders of Grigeo Group AB (hereinafter – the Company), was held on 28th of April 2025.
The Annual General Meeting of shareholders of the Company was attended by the Chief Executive Officer of the Company, the members of the Board and the employees of the Company, who were able to provide information relating to the agenda of the Annual General Meeting of shareholders.
The Annual General Meeting of shareholders adopted the following decisions:
1. To assent to the Company's Remuneration Report, which is presented as a part of the Company's consolidated annual report for the year 2024.
2. To approve the consolidated and separate financial statements of the Company for the year ended 31 December 2024.
3. To approve the appropriation of the Company’s profit for the year 2024 according to the draft of profit appropriation presented for the Annual General Meeting of Shareholders (attached) and to allocate EUR 7 884 thousand to dividends (what makes EUR 0.06 per share).
4.1. To determine the nature of the Company's economic commercial activity (based on NACE (statistical classification of economic activities) Rev. 2):
64.20 activities of holding companies
70.10 activities of head offices
70.22 business and other management consultancy activities
4.2. In accordance with provisions of the Company’s Share Allocation Rules to increase the authorized share capital of the Company from EUR 38 106 000 to EUR 38 546 800, by issuing 1 520 000 ordinary registered shares with the nominal value of EUR 0.29 to granting shares of the Company free of charge to the employees and/or subsidiaries corporate body members in accordance with the procedure established in Article 471 of the Law on Companies of the Republic of Lithuania (the New Shares). Following the issuance of the New Shares, the authorized share capital of the Company will be divided into 132 920 000 ordinary registered shares.
4.3. Establish that the total issue price of all New Shares equals to their nominal value – EUR 440 800. The New Shares are granted free of charge, and they are paid by the Company from the reserve for granting of shares.
4.4. Establish that right to subscribe and acquire the New Shares free of charge shall be granted to the employees and/or subsidiaries corporate body members who have concluded the Share Option Agreement of the Company in 2022 and accordingly in 2025 have submitted notice to the Company regarding the use of the option.
4.5. Considering that the Company grants shares of the Company to employees and/or subsidiaries corporate body members in accordance with the procedure established in Article 471 of the Law on Companies of the Republic of Lithuania, to revoke the pre-emption right of all shareholders of the Company to acquire the New Shares.
4.6. If during the period for the subscription of the New Shares not all the New Shares are subscribed, the authorized share capital of the Company may be increased by the amount of the nominal values of the New Shares that have been subscribed by the separate decision of the Board of the Company.
4.7. To amend the Articles of Association of the Company and to approve the new version of the Articles of Association of the Company (attached). To authorise Chief Executive Officer of the Company (with the right to reauthorise) to sign the new wording of the Articles of Association of the Company.
5.1. To appoint an audit company PricewaterhouseCoopers UAB, legal entity code 111473315, registered office at J. Jasinskio g. 16B, Vilnius, to audit the Company's financial statements for the years 2025 and 2026.
5.2. To determine the fee for the audit of the Company's financial statements for one financial year at EUR 21,000 (twenty-one thousand euros) excluding VAT. In the event of no change in scope, the remuneration amounts in the contracted currency for the year 2026 audit will remain unchanged, except for the indexation of wage costs in each country in accordance with the quarterly wage cost growth index as per the information provided here:
6.1. To approve the audit company Grant Thornton Baltic UAB, legal entity code 300056169, registered office at Upės g. 21-1, Vilnius, as the auditor of the Company's sustainability report for the years 2024 - 2026.
6.2. To determine the fee of EUR 15,000 (fifteen thousand euros) excluding VAT for the audit of the Company's sustainability reports for one financial year of 2024 and 2025 and EUR 19,000 (nineteen thousand euros) excluding VAT for the audit of the Company's sustainability report for one financial year of 2026.
7. To approve the updated Remuneration Policy of the Company (attached).
Tomas Jozonis
Chief executive officer of Grigeo Group AB
Attachments
