Core Points - The Company is convening an Extraordinary General Meeting of shareholders on July 14, 2025, to vote on the approval of its draft restructuring plan [1][4] - The restructuring plan aims to address financial difficulties and improve financial results through strategic actions, with a goal to fulfill all financial obligations to external creditors by 2029 [5][6] Meeting Details - The Meeting will take place at QUADRUM NORTH business center, Vilnius, starting at 10:00 a.m. [2] - Registration for shareholders begins at 10:00 a.m. on the day of the Meeting, and only those who are shareholders by the record date of July 7, 2025, can participate [3][4] Restructuring Plan - The restructuring plan includes economic, technical, and organizational measures to overcome financial difficulties, focusing on creditor settlements and improving group-level financial results [4][5] - Proposed strategic actions include the separation and sale of the dairy segment, sale of land-holding companies, and separation of crop farming operations into a dedicated fund [10][11] Financial Reporting - The Company is currently unable to provide audited financial data for the year ended December 31, 2024, due to ongoing audit processes and restructuring preparations [6][7] - An unaudited overview of key financial data for the period ending December 31, 2024, is expected to be published by July 1, 2025 [8] Shareholder Participation - Shareholders can participate and vote in person, by power of attorney, or through an authorized representative [12][14] - The total number of shares granting voting rights is 233,803,368, with each share having a par value of EUR 0.29 [12] Voting Procedures - Shareholders have the right to propose agenda items and draft resolutions, provided they hold at least 1/20 of the voting rights [19][21] - Questions related to the agenda can be submitted in advance, and the Company will respond to general inquiries on its website [22][23]
Notice on the Extraordinary General Meeting of Shareholders of the AUGA group, AB entity under restructuring on 14 July 2025 to approve the Company’s draft restructuring plan
Globenewswire·2025-06-20 15:15