Published: 2019-05-09 08:53:23 CEST
East West Agro AB
Notification on material event

Decisions of annual general meeting of shareholders of AB East West Agro

Kauno r., 2019-05-09 08:53 CEST -- During annual general meeting of shareholders of AB East West Agro these decisions were taken:

 

Resolution (1):
To approve the Company’s annual report for the year 2018.
Resolution (2):
To approve the Company’s audited set of annual financial statements for the year 2018.
Resolution (3):
To distribute profit (loss) of the Company for the year 2018 as follows:
(a)           Retained profit (loss) brought forward from the previous financial year at the end of the reporting financial year: EUR 551,663;
(b)           Net profit (loss) of the reporting financial year: EUR 929,930;
(c)           Profit (loss) of the reporting financial year not recognized in the profit (loss) statement: EUR 0;
(d)           Transfers from reserves: EUR 0;
(e)           Shareholders’ contributions to cover the losses of the Company: EUR 0;
(f)            Total profit (loss) available for distribution: EUR 1,481,593;
(g)           Portion of profit allocated to the statutory reserve: EUR 37,500;
(h)           Portion of profit allocated to the reserve for the purchase of own shares: EUR 0;
(i)             Portion of profit allocated to the reserve for granting of own shares: EUR 0;
(j)             Portion of profit allocated to other reserves: EUR 0;
(k)           Portion of profit allocated for the payment of dividends: EUR 0;
(l)             Portion of profit allocated for the payment of annual bonuses to members of the Management Board, payment of incentives to employees and other purposes: EUR 0;
(m)          Retained profit (loss) at the end of the reporting financial year brought forward to the following financial year: EUR 1,444,093.
Resolution (4):
To elect Moore Stephens Vilnius, UAB, legal entity code 123903963, registered office at J. Kubiliaus St. 6, Vilnius, Lithuania as the auditing firm to carry out the audit of the Company’s set of the annual financial statement for the financial year ending on 31 December 2019. To authorize the Managing Director of the Company to sign the audit services agreement with the abovementioned auditing firm.
 

 

         Chairman of the board
         Danas Šidlauskas
         danas@ewa.lt