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Published: 2017-12-20 12:11:44 CET
Vilniaus Baldai
General meeting of shareholders

Resolutions of the Annual General Shareholders Meeting of VILNIAUS BALDAI AB on 20/12/2017

Vilnius, Lithuania, 2017-12-20 12:11 CET --  

On the 20th of December 2017 the Annual General Shareholders Meeting of VILNIAUS BALDAI AB adopted the following resolutions:  

Agenda item #1: Consolidated annual report. The Company‘s consolidated annual report for the FY 2017 ended 31 August 2017.  

Agenda item #2: Company's auditor's report. The report of auditor KPMG Baltics UAB for the FY 2017 ended 31 August 2017 was presented.  

Agenda item #3: Approval of the Consolidated and Company's financial statements for the FY 2017 ended 31 August 2017. Resolution: to approve Consolidated and Company's financial statements for the FY 2017 ended 31 August 2017.  

Agenda item #4: Approval of the Company‘s profit distribution. Resolution: to approve Company‘s profit distribution.

Undistributed retained earnings, brought forward 5 233 266 EUR
Net result for the current year 4 422 779 EUR
Profit (loss) not recognized in the income statement of the reporting financial year (21 479) EUR
Distributable result 9 634 566 EUR
Transfers to the obligatory reserves -
Transfers to other reserves -
To be paid as dividends* 1 049 292 EUR
To be paid as annual payments (bonus) to the Board members                             -
Undistributed retained earnings, carried forward           8 585 274 EUR

* 0.27 EUR dividends per one ordinary share.

Agenda item #5: Approval of the new wording of the provisions of the Audit Committee. 
Resolution: to approve the regulations of the Audit Committee of VILNIAUS BALDAI AB (enclosed).  

Agenda item #6: Approval of the new wording of the provisions of the Audit Committee. 
Resolution: to approve composition of the Audit Committee of 3 (three) members elected for a term of 4 (four) years: independent members Tomas Bubinas and Danute Kadanaite, Audit Committee members Vaidas Savukynas. To elect Tomas Bubinas, Chairman of the Audit Committee.       

Agenda item #7: Approval of the new wording of the provisions of the Audit Committee. 
Resolution: to approve To set a rate not higher than EUR 100 per hour for a work in the Audit Committee of VILNIAUS BALDAI AB. To delegate to the Board of the Company to determine the remuneration payment procedure for the Audit Committee members.  

         Additional information:
         Head of Finance
         Jonas Krutinis
         Phone No.: +370 (5) 252 57 00


Consolidated and companys financial statements for the FY 2017 ended 31 August 2017.pdf
Regulations of the audit committee.pdf
The audit committtee members of VILNIAUS BALDAI AB.pdf