Announcements

The Annual Shareholder's Meeting of Latvenergo AS was held on 23 May 2025 at 15.00 at the premises of Latvenergo AS, Pulkveža Brieža Street 12, Riga.

The holder of all Latvenergo AS capital shares is the Ministry of Economics of the Republic of Latvia, whose interests at the Shareholder's Meeting are represented by the State Secretary of the Ministry of Economics or by his authorized representative. All decisions of the Shareholder's Meeting were adopted unanimously.

Resolutions adopted at the Annual Shareholder's Meeting:

1. On approval of the Latvenergo AS Annual Report 2024 and Latvenergo Consolidated Annual Report 2024 
To take note of the report of Supervisory Board of Latvenergo AS.

To take note of the independent auditor's report of ERNST & YOUNG BALTIC SIA on the audit of Latvenergo AS financial statements.

To approve Latvenergo koncerna konsolidētais un AS "Latvenergo" 2024.gada pārskats. The financial statements are prepared in accordance with the International Financial Reporting Standards approved in the European Union.

To approve Latvenergo Group Consolidated and Latvenergo AS Annual Report for 2024. The financial statements are prepared in accordance with the International Financial Reporting Standards approved in the European Union.

To approve AS "Latvenergo" Korporatīvās pārvaldības ziņojums par 2024.gadu and its English translation Latvenergo AS Corporate Governance Report 2024.

To assess the performance of Latvenergo AS and Latvenergo Group in 2024 with the rating "very good".

2. On distribution of the profit of Latvenergo AS for the year 2024, increasing the share capital of Latvenergo AS and amendments to the Articles of Association of Latvenergo AS
To distribute the profit of Latvenergo AS for 2024 in the amount of 265,575,440.00 EUR as follows:

- 185,902,809.00 EUR to be paid out to the state in dividends

- the remaining part of 79,672,631.00 EUR to be transferred to the retained earnings for financing development projects.

To increase the share capital of Latvenergo AS by 285,956,072.00 EUR by paying for the newly issued shares with cash - by investing the retained earnings of Latvenergo AS from previous years in the share capital and determining the share capital of Latvenergo AS in the amount of 1,076,323,931.00 EUR.

To approve the regulations for increasing the share capital of Latvenergo AS.

To approve amendments to the Articles of Association of Latvenergo AS.

To approve the Articles of Association of Latvenergo AS in a new wording.

3. On the evaluation of the average number of employees and financial indicators of Latvenergo AS and allocation to the respective group of public capital companies
To allocate Latvenergo AS to the group of large capital companies.

4. On the issue of debt securities (bonds)
To agree to the issuance of transferable debt securities (bonds) in euro in the form of a program in a public offering.