NOTICE ABOUT CONVENING OF THE EXTRAORDINARY ASSEMBLY OF SHAREHOLDERS NOVI DUVANSKI KOMBINAT JSC PODGORICA

Štampa

Pursuant to Article 149 of the Law on Companies ("Official Gazette of Montenegro", No. 065/20 of 03.07.2020, 146/21 of 31.12.2021), I hereby inform you that the Decision of the Board of Directors of the Company, no. 47-OD of February 14, 2022, the Extraordinary Assembly of Shareholders of the Novi duvanski kombinat JSC Podgorica was convened on March 16, 2022, which will be held in the premises of the Company, Kraljice Milene bb, Podgorica, starting at 11 am.

For the session the following was established:

AGENDA

  1. 1. Familiarization of shareholders with the unique list of shareholders and election of working bodies of the Assembly;
  1. 2. Approval of the Minutes from the previous General Meeting of Shareholders held on June 17th 2021;
  1. 3. Adoption of the Company's Articles of Association with changes in the text in the part of other activities;
  1. 4. Adoption of the Decision on concluding the Contract on purchase and sale of the Super Slims cigarette production line with associated equipment and associated spare parts and spare part for the subject line Trayfiller Group UF-I 30381275/010 Modification (Hauni).
  1. 5. Adoption of the Decision on concluding the Agreement on the purchase of the King size cigarette production line with the associated equipment and associated spare parts.
  1. 6. Adoption of the Decision on concluding the Contract on the purchase of the OMI + BORGWALDT quality control machine with the associated equipment.
  1. 7. Miscellaneous.

The total number of issued shares is 23,276,909, of which it is owned by:

-Government of Montenegro 270.543 shares (1.16% ownership) and

-Grand International FZ-LLC, UAE, 22.572.744 shares

(96.97% ownership) i

-Novi duvanski kombinat AD Podgorica 433.622 shares (1.86% ownership).

Out of which the share with the right to vote is a total of 22.843.287 shares, as follows:

-Government of Montenegro 270.543 shares (1.16% ownership) and

-Grand International FZ-LLC, UAE, 22.572.744 shares,

(And considering that the shares of the Novi duvanski kombinat AD Podgorica are own shares and in accordance with Article 231, paragraph 1, item 2 of the Companies Act, they do not give the right to vote and do not count towards the quorum of the assembly.)

           

All voting shares are ordinary, regular shares, with each share being entitled to one vote.

It will be considered that there is a quorum for holding an extraordinary General Meeting of Shareholders, if the Assembly is attended by shareholders who own more than half of the total number of voting shares, who are present in person, represented by proxy or voted by ballot.

Decisions are made by a majority vote of the shareholders present or represented or by ballot.

Material for the Extraordinary General Meeting of Shareholders will be available to shareholders, within the legally prescribed period, in the business premises of the Company in Podgorica, every working day from 9.00 to 14.00.

The power of attorney for the General Meeting of Shareholders must be certified in accordance with the Law. The form of power of attorney and ballot paper can be picked up by the shareholders in the business premises of the Company, in Podgorica, every working day from 9.00 to 14.00.

Information on the notice of convening the General Meeting will be available in accordance with Article 136 of the Law on Companies on the website of the Novi duvanski kombinmat JSC Podgorica, website: www.novidkp.me.

 

BOARD OF DIRECTORS

PRESIDENT

Abdulsalam Murad Juwaied Alganahi m.p.