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