XXV EXTRAORDINARY EPCG SHAREHOLDERS’ MEETING TOOK PLACE

25th Extraordinary Shareholders’ Meeting of EPCG was held in Nikšić on October 3, 2022. Based on the Agenda of the Meeting chaired by Nikola Rovčanin, Chief Executive Officer, the following decisions were made:

The proposal of the Decision on release from duty of the present members of EPCG Board of Directors was adopted by votes of the majority of present shareholders having the voting right.
By votes of the majority of the present shareholders having the voting right, the proposal of the Decision on selection of members of EPCG Board of Directors was adopted. New members of the Board of Directors are the following: Ivan Šaranović, Tahir Đonbaljaj, Brankica Mosurović, Martin Ćalasan, Nenad Marković, Milutin Đukanović and Emir Strujić.
Considering the fact that the Government of Montenegro, as representative of the majority shareholder, did not make any statement regarding the proposal of the Decision on provision of the consent to commence the investment implementation - purchase of assets of the former industrial complex of Željezara Nikšić Steel Plant requiring EPCG Board of Directors to amend the Proposal in question; therefore, this issue could not be discussed or voted upon at today's Shareholders’ Meeting.

At the constitutive meeting of the Board of Directors, Milutin Đukanović, the present Board Chairman, was reappointed as the Chairman of the Board of Directors.