Energia
Decisions taken in the extraordinary general meeting of shareholders of LITGRID AB
The following decision were adopted in the extraordinary General Meeting of Shareholders of LITGRID AB (company code 302564383, registered office at Karlo Gustavo Emilio Manerheimo g. 8, Vilnius) on 16 August 2022:
"If the value of the price index of construction cost elements published by the Statistics Department of the Republic of Lithuania (www.stat.gov.lt) "All construction costs" (hereinafter - the Index) within 6 months or longer, which is calculated from the conclusion of the Agreement (or from the last price of the Agreement recalculation due to a change in the Index, if the Contract price was recalculated), changed by 5% or more, the Contract price may be recalculated at the initiative of any of the Parties. The recalculation of the contract price is not based on the Index published by the Statistics Department of the Republic of Lithuania, but on individual materials and products ("concrete and reinforced concrete products", "concrete and mixtures", "electrotechnical materials", "metal products", "pipes"), "machines and mechanisms labour', 'wages and overheads' indices' (hereinafter - Conversion indices)."
"For the first recalculation of the Contract price, it is used the month of the Contract conclusion, i.e. in 2021 November, conversion indices. In case of subsequent recalculations, the value of the Index at the beginning of the period shall be as it was the value of the Index at the end of the period (as specified in the Agreement)."
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