Latvenergo
Decisions of general meeting

Resolutions of the Annual Shareholder's Meeting of Latvenergo AS

Rīga, 2024-05-30 08:01 CEST -- The Annual Shareholder's Meeting of Latvenergo AS was held on 29 May 2024 at 15.00 at the premises of Latvenergo AS, Pulkveža Brieža Street 12, Riga.

The holder of all Latvenergo AS capital shares is the Ministry of Economics of the Republic of Latvia, whose interests at the Shareholder's Meeting are represented by the State Secretary of the Ministry of Economics or by his authorized representative. All decisions of the Shareholder's Meeting were adopted unanimously.

Resolutions adopted at the Annual Shareholder's Meeting:

1. On approval of the Latvenergo AS Annual Report 2023 and Latvenergo Consolidated Annual Report 2023

To take note of the report of Supervisory Board of Latvenergo AS;

To take note of the independent auditor's report of ERNST & YOUNG BALTIC SIA on the audit of Latvenergo AS financial statements;

To approve Latvenergo koncerna Ilgtspējas pārskats par 2023.gadu and its English translation Latvenergo Group Sustainability Report 2023;

To approve AS "Latvenergo" Korporatīvās pārvaldības ziņojums par 2023.gadu and its English translation Latvenergo AS Corporate Governance Report 2023;

To approve Latvenergo konsolidētais un AS "Latvenergo" 2023.gada pārskats. The financial statements are prepared in accordance with the International Financial Reporting Standards approved in the European Union;

To approve Latvenergo Consolidated and Latvenergo AS Annual Report for 2023. The financial statements are prepared in accordance with the International Financial Reporting Standards approved in the European Union.

2. On distribution of the profit of Latvenergo AS for 2023

To distribute the profit of Latvenergo AS of EUR 331,561,287.00 as follows:

- EUR 212,199,224.00 to be paid out to the state in dividends;

- the remaining part of 119,362,063.00 EUR to be transferred to the retained earnings.

3. On auditor of Latvenergo AS reports for the years 2024-2026

To appoint SIA ERNST & YOUNG BALTIC to conduct the audit of Latvenergo AS for the years 2024-2026.

4. On the evaluation of the average number of employees and financial indicators of Latvenergo AS and allocation to the respective group of public capital companies

To allocate Latvenergo AS to the group of large capital companies.

Additional information:
Jānis Irbe
Group Treasurer
Phone: +371 29 453 897
E-mail: investor.relations@latvenergo.lv

www.latvenergo.lv

About Latvenergo

Latvenergo Group is one of the leading energy suppliers in the Baltics operating in electricity and thermal energy generation and trade, natural gas trade and electricity distribution services. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several times. International credit rating agency Moody's has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.

Latvenergo Group is comprised of the parent company Latvenergo AS (generation and trade of electricity and thermal energy, trade of natural gas) and subsidiaries - Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (trade of electricity and natural gas in Estonia), Elektrum Lietuva UAB (trade of electricity and natural gas in Lithuania), Enerģijas publiskais tirgotājs AS (administration of mandatory electricity procurement process), Liepājas enerģija SIA (generation and trade of thermal energy in Liepaja, electricity generation) and Latvijas vēja parki SIA (development of wind parks in Latvia). All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia.