At the 14th reconvened extraordinary General Meeting of Shareholders of EPCG AD – Nikšić, on 23 June, based on the agenda established in advance, the meeting chaired by Ranko Vojinović, Executive Manager of the Human Resources Directorate, adopted the following resolutions: a resolution on the establishment of the limited liability company “Montenegrin Electricity Distribution System” – CEDIS, and a resolution on the acceptance of a non-cash contribution to CEDIS.
The General Meeting of Shareholders unanimously adopted the Board of Directors’ proposal to establish the limited liability company “Montenegrin Electricity Distribution System” Podgorica – CEDIS. The founder of the Company is Elektroprivreda Crne Gore, which holds 100 per cent ownership.
Within Montenegro’s unified electricity system, the Company will conduct the activity of electricity distribution. In accordance with the rules of the Energy Regulatory Agency, the founder is transferring to the Company the licence to operate as a distribution system operator. The Company is an independent legal entity with management authority and is liable for its obligations with all of its assets.
The governing bodies of CEDIS are: the Founder’s General Meeting, the Founder’s Board of Directors, the Company’s Board of Directors, the Executive Director, the Secretary and the auditor. The General Meeting of Shareholders approved amendments and additions to the company’s Articles of Association.
