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KN Energies AB

AGM Information Nov 21, 2014

2252_dva_2014-11-21_39f19805-6a3b-4714-8342-7e8a6e90fca1.pdf

AGM Information

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BALLOT PAPER FOR VOTING IN WRITING IN THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS OF AB KLAIPĖDOS NAFTA, TO BE HELD ON 15 DECEMBER 2014

Shareholder's first name, surname (legal entity name)

……………………………………………...............................................................................................................................

Shareholder's personal ID number (legal entity code)

……………………………………………...............................................................................................................................

……………………………………………...............................................................................................................................

Number of shares held

Number of votes held

Please cross out what does not apply ("FOR" or "AGAINST") and leave the selected version of the resolution not crossed:

……………………………………………...............................................................................................................................

Organisational issues of the meeting

To propose to elect the following person as the Chairman of the meeting and to vote "for" the proposed candidate:

To propose to elect the following person as the Secretary of the meeting and to vote "for" the proposed candidate:

………………………………………………………

………………………………………………………

To propose to elect the following person as the person responsible for performance of actions provided for in paragraph 2 of Article 22 of the Law of the Republic of Lithuania on Companies and to vote "for" the proposed candidate:

………………………………………………………

Matter on the agenda Draft resolution
Regarding the approval of the decision of AB
Klaipėdos Nafta's
Board to conclude an
agreement on the margin payment and
mortgage of property and the mortgage of
property of the LNGT under the maximum
conditional
and
ordinary
mortgage
agreements.
"To approve the following decision of the Board
of AB Klaipėdos Nafta:
1. To conclude with the Ministry of Finance of
the Republic of Lithuania an Agreement on the
margin payment and mortgage of property,
including all its amendments, supplements and
other modifications (hereinafter, the "Margin
Payment Agreement"), relating to the future
State
guarantee
(hereinafter,
the
"State
Guarantee"), which the Ministry of Finance of
the Republic of Lithuania will issue to the
Nordic Investment Bank
(hereinafter, the
"NIB") and which will serve as guarantee for
the obligations of AB Klaipėdos Nafta to the
NIB in the amount of up to EUR 34,754,402
under the Loan Contract with the NIB on
granting the loan of up to EUR 34,754,402 for
the co-financing of the LNGT project, to sign
it
and
to
undertake
and
fulfil
all
the
obligations
under
the
Margin
Payment
Agreement. In addition, to sign, undertake
obligations
under,
and
fulfil
any
other
agreements and documents as necessary and
desirable in order to obtain the said Sate
guarantee and/or to secure its validity, and to
For Against
take any other related actions, including
making the margin payment in the amount of
EUR 34,754.40, as provided for in the Margin
Payment Agreement.
2. In
ensuring
the
future
obligation
of
AB Klaipėdos Nafta to repay the Republic of
Lithuania (the Ministry of Finance of the
Republic of Lithuania) the sums paid by the
later to the NIB under the State guarantee
(including its amendments, supplements and
other modifications), to enter into a mortgage
agreement with the Ministry of Finance of the
Republic
of
Lithuania,
including
all
its
amendments,
supplements
and
other
modifications
(hereinafter,
the
"Mortgage
Agreement"), to undertake and fulfil all the
obligations
(including
the
insurance
and
assessment of property, as provided for in the
Mortgage Agreement), to sign all related
documents and to take any other necessary
actions, and to mortgage the property listed
below for the benefit of the Ministry of
Finance of the Republic of Lithuania (the
State) as a second ranking mortgage:
(a)
3.2670 ha parcel at Kiškėnai village, Dovilai
administrative
district,
Klaipėda
district
municipality, parcel unique No. 4400
-2382
-
2820,
Registry
No. 44/1524424 (mortgaged by
a maximum ordinary mortgage);
(b)all property which is or will be created during
the LNGT development project (investment
project "Liquefied Natural Gas Terminal"),
including
immovable
property
(control
room/dispatcher room on the high
-pressure
gas platform in the jetty; the room of the pump
station and of the power cabinets on the jetty
service platform; engineering networks
– the
gas main link; the building of the operating
room of the gas metering station (GMS)
(control and domestic premises); the building
of the gas metering station with a penthouse
for gas filters; access road, car parking lot;
fence) and all movable and immovable items
installed/built on the jetty, in the GMS, and
other movable and immovable items relate
d to
the link, the terminal or its operation, which
AB Klaipėdos Nafta will acquire as ownership
in developing the LNGT project (including,
but not limited to, items that comprise the
mooring
system
(including
quick
release
mooring hooks, the load control system, the
environment monitoring system, the ancillary
mooring system); 2 high
-pressure natural gas
reloading sleeves with the required piping,
collectors and hydraulic power units required
for transportation of compressed natural gas;
an access ladder system; 2 marine jib
-cranes
and a telpher in the pump station building; a
fire extinguishing system (including towers
and hydrants); an electricity system (which,
inter
alia,
consists
of
diesel
generator
equipment and its control cabinet and an
electrical distribution apparatus); a control
system
(including
a
control
panel);
a
communications link from ship to shore; a
monitoring
system:
GMS
fire
protection
system; GMS security system; items that
comprise the
GMS
gas
refinement node
(including
the
items
that
comprise
the
automated
control
system
for
GMS
installations), a gas metering system in the
GMS
(including
chromatographs,
an
automatic
gas
flow
analyser,
items
that
comprise the automatic gas flow regulation
system and SCADA, other items comprising
the gas metering system), computer hardware
in the GMS)
(mortgaged by a maximum
conditional and/or ordinary mortgage).
Whereas the property (or part thereof) listed in
clause 2(b) is being mortgaged as future
property, clause 2(b) provides a preliminary
list of such mortgaged property. Regardless of
the above, the Board hereby decides to
mortgage the entire property that will be
created during the LNGT project, which will
be owned by AB Klaipėdos Nafta. By this
decision, the head of AB Klaipėdos
Nafta is
also bound and authorised
(with the right of
reauthorization) to adjust the list of the
property mortgaged to the Ministry of Finance
of the Republic of Lithuania under the
Mortgage Agreement, so that it matches the
actual situation, and to sign, submit,
and
register
all
the
documents
required
for
performing
this
action
(including
the
amendments to the Mortgage Agreement) and
to take any other related actions therefore no
separate
decision
of
the
Board
of
AB
Klaipėdos
Nafta shall be required in such a
case.
That is to be regarded that
by this
decision
the Board resolves regarding the
appropriate amendments to the Mortgage
Agreement, pertaining to with the amendments
to the list of such mortgaged property, which
shall be created during the whole LNGT
project, or any other actions related hereto.
3. The head of AB Klaipėdos Nafta or another
person duly authorised by him is being
authorised and empowered
(with the right of
reauthorization)
,
on behalf of AB Klaipėdos
Nafta and at his discretion, to negotiate and
agree on the terms and conditions of all the
documents specified in clauses 1 and 2 of this
decision
and of any related documents, to
conclude, sign
, register such documents, and
to
take
any
other
actions
required
or
recommended in order to duly conclude, sign,
register (if necessary), and to fulfil the
transactions provided for in this decision
(including the amendments, supplements and
other modifications thereof).
For
Against
Regarding any other new draft resolutions, not indicated above, to vote with all the votes held
-------------------------------------------------------------------------------------------------------------------

We hereby confirm that we have familiarised in advance with the agenda of the Extraordinary General Meeting of Shareholders of AB Klaipėdos Nafta referred to in this Ballot Paper and the draft resolutions contained herein, therefore we may express in advance in writing the will of …………………………………………………............................................................... as a shareholder of AB Klaipėdos Nafta in voting on the matters considered at the Extraordinary General Meeting of Shareholders. Having regard to our will expressed in writing on the agenda matters of the Extraordinary General Meeting of Shareholders, it should be considered that …………………………………………………............................................................... participated in the Extraordinary General Meeting of Shareholders of AB Klaipėdos Nafta held on 15 December 2014.

First name, surname, position of the shareholder (its representative):

Date and signature of the shareholder (its representative):

Date, title and number of the document entitling to vote (if the ballot paper is signed by anyone other than the head of the shareholder):

_________________________________________________________________________________________________

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