The Shareholder Meeting is convened by a notice published on the company’s website in the manner defined for public companies to report current information.
The Shareholder Meeting is convened by a notice published on the company’s website in the manner defined for public companies to report current information. In case the Shareholder Meeting is convened by an entity or a body other than the Management Board on the basis of the Code of Commercial Companies, as convening a Shareholder Meeting requires the Management Board’s cooperation, the Management Board is obligated to perform any activities required by law to convene, organize and conduct Shareholder Meetings in the Company’s seat or in Warsaw.
The Shareholder Meeting is opened by the Supervisory Board Chairperson, and in case he/she is absent the following persons are entitled to open the Shareholder Meeting in the following order: Supervisory Board Deputy Chairperson, President of the Management Board, a person designated by the Management Board or the shareholder who registers a number of shares giving it the highest number of votes at the Shareholder Meeting. Then, the Shareholder Meeting chairperson is elected from among the persons entitled to participate in the Shareholder Meeting.
The Shareholder Meeting passes resolutions irrespective of the number of shares in attendance unless the Code of Commercial Companies or the company’s Articles of Association state otherwise. A Shareholder Meeting may call a break with a two-thirds majority of votes. Breaks cannot exceed 13 days in total.
The Shareholder Meeting’s procedures and powers are defined in the Articles of Association and the By-Laws of the General of TAURON Polska Energia S.A. available on the company’s website http://www.tauron-pe.pl.