Changes to the Conexus Supervisory Board

Today, 28 April, at the shareholders' meeting of the single natural gas transmission and storage system operator JSC Conexus Baltic Grid (Conexus), the Supervisory Board of the company was elected with changes to its current composition. 7 members of the Supervisory Board were confirmed for a three-year term.

Ilmārs Šnucins, Tomohide Goto, Zane Āboliņa, Viktors Sentuhovskis and Normunds Šuksts were re-elected as Supervisory Board members. Yukiko Fujii and Ivars Moisei were re-elected to the Conexus Supervisory Board.

In addition to the election of the Supervisory Board members, the 2021 Sustainability and Annual Report and the Dependency Report were approved, and the reports of the Conexus Management Board, Supervisory Board and independent auditor were reviewed. 

At the same time, a decision was taken on the use of the company's profits and it was decided to approve the offering and admission to the regulated market of unsecured bond issues with an issue volume of up to EUR 80 million for a term of at least two years. It is expected that this year the issues will be listed on Nasdaq Riga AS with the possibility to list the bonds also on Nasdaq Vilnius AB and Nasdaq Tallinn AS. 

In view of the national Covid-19 restrictions and in order to ensure the health of the participants, the shareholders' meeting was organised partly in person and remotely.