Dniprooblenergo upcoming AGM derailed from outset?

According to Eduard Sokolovskiy, the CEO of Dniprooblenergo (DNON: HOLD), the company’s AGM scheduled for June 30 might not take place if the company’s shareholder register is not turned over from former registrar Ukrnaftogaz to new management-appointed registrar Prominvestbank. Alexander Paraschiy: DTEK, which holds less than 10% of Dniprooblenergo, controls the company’s management. For DTEK, failure of the AGM would mean the company will remain under its control. If the AGM takes place, the National Energy Company (with its 75% voting shares) is likely to replace top management. We believe the CEO of Dniprooblenergo will do his best to stop the AGM from convening.