VILNIUS — Following the commencement of an investigation into Lietuvos Energija for misuse of investor information, its board called a meeting next week with investors.

The country’s Securities Commission, which regulates the stock market among other duties, began the investigation into the company for not disclosing information that could land the company with a 200,000 litai (€58,000) fine.

Head of communications at Lietuvos Energija Sigitas Baltuška said the company disagrees with the allegations and has its own explanation of what information is available to all interested parties simultaneously. He did not yet disclose their version of events.

The meeting with investors doesn’t have an exact date, but will be held as soon as possible, Baltuška said.

The company is accused of announcing the details of its annual general meeting just one day before it took place. Under Lithuanian law, stock exchange listed companies must announce meetings at least 21 days prior.

The state-owned Lietuvos Energija is responsible for the country’s energy networks.

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