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Notice of Convening Extraordinary General Meeting of Shareholders




Pursuant to Article 135, 149, and 329 of the Companies Law (“Official Gazette of Montenegro” number 65/2020), and the Resolution of the Board of Directors of the Company Ref. No. 10055, dated 24th February, 2021 convened is:




I. Extraordinary General Meeting of Shareholders of Jugopetrol AD shall be held on 30th March 2021 (Tuesday), at 11:00 hours, in hotel CentreVille, The Grand Room, Cetinjska 7, The Capital Plaza, 81000 Podgorica provided that no provisional measures for prevention and suppression of new corona virus which prevent such holding are in force for the given period.


II. Extraordinary General Meeting shall be held with the following items:




1.     Opening and election of working bodies:

a.     – Chairman of the General Meeting,

b.     – Voting Data Committee,

c.     – Recording Secretary,

d.     – the Minutes verification shareholder;


2.     Adopting new Articles of Associations;


3.     Releasing members of the Board of Directors;


4.     Electing members of the Board of Directors.


III. Resolutions under items 1 to 3 of the Agenda, shall be taken by majority of votes of shareholders who attend the Extraordinary General Meeting or who are represented by proxy provided that the Extraordinary General Meeting of Shareholders is attended by shareholders holding at least 1/2 of the total number of shares (2.326.986 out of total 4.653.971 shares). Resolution under item 4 of the Agenda shall be passed by cumulative voting. 

IV. The materials and proposals of decisions for the Extraordinary General Meeting of Shareholders shall be made available to shareholders of the Company at least 20 days prior the day of holding the Extraordinary General Meet
ing at the premises of the Company HQ's building, at Stanka Dragojevica bb, Podgorica every business day from 08-16 hours and on the Company’s web-site:

Shareholders who shall propose a member(s) of the Board of Directors have to submit basic information on a candidate(s), date and place of birth, qualification, curriculum vitae, employment status and residence and the signed statement of acceptance of candidacy and declaration that a candidate(s) meets the eligibility criteria provided under the Law. The template of the
statement herein shall be published with this Notice.

Shareholders may submit the documents referred herein prior to the day of holding the Extraordinary General Meeting in the HQ of the Company, at Stanka Dragojevica bb or on the same day and in the place of holding the Extraordinary General Meeting.

VI. Shareholders may exercise their shareholders’ rights at the General Meeting of Shareholders in person, by proxies or by voting with the voting ballots certified by a competent authority in accordance with the legislation in force.

VII. The procedure for identification of shareholders and verification of the documents on whose basis shareholders may attend the meeting shall be done on the premises of the venue specified in item I. hereof from 09.00 to 10.30 hours on the day of the meeting.

This Notice shall be available to the shareholders of the Company on the website: www.jugopetrol.co.me
and for all additional information regarding the Extraordinary General Meeting please contact: +382 20 401 802.


       Chairman of the Board of Directors
           Georgios Georgiou

You can download the materials and proposals of resolutions for the Extraordinary General Meeting of Shareholders on the following page.