K2 LT
Notification on material event

Resolutions of the Annual General Meeting of AB K2 LT shareholders

Vilnius, 2016-03-31 18:03 CEST -- Annual General Meeting of Shareholders of AB „K2 LT“ (the “Company”) was held on March 30^th, 2016, at A. Vienuolio g. 8, LT-01104, Vilnius.

This report presents the decisions taken.

1.      Approval of the annual financial statements of AB „K2 LT“ for the year 2015 and presentation of the annual report of AB „K2 LT“ for the year 2015.

Draft resolution:
To approve the annual financial statements of AB „K2 LT“ of the year 2015 audited by Moore Stephens Vilnius, UAB.

Resolution:
Approved the annual financial statements of AB „K2 LT“ of the year 2015 audited by Moore Stephens Vilnius, UAB.

2.      Distribution of the profit of AB „K2 LT“ of 2015

Draft resolution:
To distribute AB „K2 LT” profit of the year 2015 according the draft of profit distribution presented for the Annual General Meeting of Shareholders. Distribute and pay out the dividends to the shareholders in the amount of 1.8 EUR for one share of AB „K2 LT“ for the financial year of 2015 (the total amount for the dividends is EUR 501 889).

Resolution:
Approved the distribution of AB „K2 LT“ profit of the year 2015 according the draft of profit distribution presented for the Annual General Meeting of Shareholders. Distribute and pay out the dividends to the shareholders in the amount of 1.8 EUR for one share of AB „K2 LT“ for the financial year of 2015 (the total amount for the dividends is EUR 501 889).

3.      Payment order of the dividends to the shareholders

Draft resolution:
To establish that the dividends shall be paid within 3 months of the date of this decision. The shareholders, who did not attend the Annual General Meeting of Shareholders or voted against such a decision, and who disagree with such a payment term, shall be entitled to the dividends pursuant to the Art. 60, Par. 5 of the Company Law of the Republic of Lithuania, i.e. within 1 month of the date of this decision.

Resolution:
Approved that the dividends shall be paid within 3 months of the date of this decision. The shareholders, who did not attend the Annual General Meeting of Shareholders or voted against such a decision, and who disagree with such a payment term, shall be entitled to the dividends pursuant to the Art. 60, Par. 5 of the Company Law of the Republic of Lithuania, i.e. within 1 month of the date of this decision.

4.      Increase of the credit line

Draft resolution:
To approve the increase credit line up to EUR 300 000. To authorise the General Manager of the Company to decide on the necessity to increase the credit line and conclude all the transactions as well as sign all the related documents required for implementation of this decision. The General Manager of the Company shall be entitled to authorise any other person to perform the indicated actions and to sign the indicated documents.

Resolution:
Approved the decision to increase the credit line up to EUR 300 000. Authorised the General Manager of the Company to decide on the necessity to increase the credit line and conclude all the transactions as well as sign all the related documents required for implementation of this decision. The General Manager of the Company shall be entitled to authorise any other person to perform the indicated actions and to sign the indicated documents.

5.      Conclusion of the service agreements between AB „K2 LT“ and it‘s board members, who are not the employees of the Company

Draft resolution:
To conclude the service agreements with the Company’s board members, who are not the employees of the Company, providing that the annual budget paid for the respective services may not be higher than 20 000 EUR per year.

To authorise the General Manager of the Company to conclude the respective service agreements with the Company’s board members, who are not the employees of the Company.

Resolution:
Approved to conclude the service agreements with the Company’s board members, who are not the employees of the Company, providing that the annual budget paid for the respective services may not be higher than 20 000 EUR per year.

Approved to authorise the General Manager of the Company to conclude the respective service agreements with the Company’s board members, who are not the employees of the Company.

         Vytenis Labanauskas
         CEO
         vytenis@krematoriumai.lt