AUGA group
General meeting of shareholders

Decisions of the Ordinary General Meeting of Shareholders of AUGA group, AB which took place on 28th April 2023

The Ordinary General Meeting of Shareholders of AUGA group, AB (legal entity code 126264360, address: Konstitucijos ave. 21C, Vilnius; Company) took place on 28 April 2023, the shareholders attending the meeting held 167,769,839 shares, which entitled them to 167,769,839 votes (i.e. 73,03% of votes granted by all shares of the Company.

The following decisions have been taken at the Ordinary General Meeting of Shareholders:

1. Consolidated annual report of the Company for the year 2022 and Auditor’s report except the part of the remuneration report of the Company

Consolidated annual report of the Company for the year 2022 and Auditor’s report except the part of the remuneration report of the Company have been taken for the information.

2.  Remuneration report of the Company for the year 2022 as the part of the Consolidated annual report of the Company for the year 2022

Decision:

To approve Remuneration report of the Company for the year 2022 as the part of the Consolidated annual report of the Company for the year 2022.

3. Approval of consolidated and separate annual financial statements of the Company for the year 2022

Decision:

To approve consolidated and separate annual financial statements for the year 2022.

4. Approval of the profit (loss) allocation of the Company for the year 2022

Decision:

To distribute the Company‘s profit in the total sum of EUR 7,506,678 available for appropriation, as follows:

5. Appointment of the auditor to audit consolidated financial statements of the Company for the year 2023 and approval of auditor’s remuneration

Decision:

To appoint UAB PricewaterhouseCoopers (code: 111473315) as the Company‘s audit enterprise to perform the audit of the Consolidated and Separate Financial Statements for the 2023 financial year. To authorize the Company‘s General manager to conclude the agreement for audit services, establishing the payment for services as agreed between the parties but in any case, not more than EUR 90,000 (ninety thousand) (VAT excluded) per year for the audit of the Company‘s Consolidated and Separate Financial Statements.

6. Increase of the authorized capital of the Company under the Employee Share Option Programme

Decision:

6.1 In accordance with provisions of the Company’s Share Allocation Rules to increase the authorized share capital of the Company from EUR 66,617,089.58 to EUR 67,213,564.48, by issuing 2,056,810 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 by 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 231,770,912 ordinary registered shares.

6.2 Establish that the total issue price of all New Shares equals to their nominal value – EUR 596,474.90 The New Shares are granted free of charge, and they are paid by the Company from the reserve for granting of shares.

6.3 Establish that right to subscribe and acquire the New Shares free of charge shall be granted to the Company’s or its subsidiaries employees/corporate body members who have concluded the Share Option Agreement of the Company in 2020 and accordingly in 2023 have submitted notice to the Company regarding use of the option (the Option Holders). The list of Option Holders, who are entitled to acquire the New Shares is not published to ensure the protection of personal data.

6.4 Considering that the Company grants shares of the Company to employees and/or subsidiaries corporate body members in accordance with the procedure established by 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.

6.5 Establish that the option holders shall have a right to subscribe to a number of the New Shares provided in the shares option agreements by concluding a share subscription agreement with the Company within 60 days from the date of the resolution being adopted by the Meeting.

6.6 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.

6.7 To authorize (including the power to delegate) the CEO of the Company to sign share subscription agreements with the Option Holders.

7. Approval of new wording of the Articles of Association of the Company

Decision:

To amend Articles of Association of the Company by:

7.1   To amend and approve Item 3.1 of the Articles of Association of the Company and to set it out in the following (new) wording: ”3.1. The authorised capital of the Company shall be EUR 67,213,564.48 (sixty-seven million two hundred thirteen thousand five hundred sixty-four euros and 48 cents)”.

7.2   To amend and approve Item 3.2 of the Articles of Association of the Company and to set it out in the following (new) wording: “3.2 The authorised capital shall be divided into 231,770,912 (two hundred thirty-one million seven hundred seventy thousand nine hundred twelve) ordinary registered shares. The par value of each share shall be EUR 0.29 (twenty-nine cents).

7.3   To authorize (including the power to delegate) the CEO to sign the amended Articles of Association and to perform all actions necessary for the implementation of this resolution.

7.4 To establish that if during the period for the subscription of the New Shares not all the New Shares are subscribed, Items 3.1 and 3.2 of the Company's Articles of Association may be amended 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. According to this decision, the Board of the Company has the right to change the amount of the authorized capital and the number of shares of the Company in the Articles of Association and to submit the amended Articles of Association to the Register of Legal Entities.

8. Election of the Board

Decision:

To elect new members of the Board of the Company:

• Ivars Bergmanis
• Andrej Cyba
• Dalius Misiūnas
• Murray Steele
• Michaela Tod

9. Approval of the remuneration for newly elected members of the board

Decision:

To approve the following remuneration for the newly elected board members for one tenure:

9.1 To set a monthly remuneration of EUR 2 280 (before taxes) for a member of the Board and EUR 3 000 (before taxes) for the Chairman of the Board, irrespective of the annual number of the Board meetings.

9.2  For board members living abroad – compensation of travel and accommodation costs for/during attendance of the board meeting – not exceeding EUR 500 + VAT (Lithuanian tariff) in respect to one board meeting in which he/she participated; if the board member participates in a meeting via communication/IT measures (not physically traveling to Lithuania), travel costs compensation shall not be paid for such participation.

10. Provision of the Strategy implementation report.

Strategy implementation report has been taken for information.

CEO
Kęstutis Juščius
+370 5 233 5340

Attachments

• augagroupab-2022-12-31-en
• Auga Group 2022_EN
• A4_2022 Report on Strategy
• A3_Information about members of the Board
• A2_New wording of Articles of Association