Vilniaus Baldai: Convocation of the general shareholders meeting of Vilniaus baldai AB and draft resolutions

Vilnius, Lithuania, 2017-11-28 15:25 CET (GLOBE NEWSWIRE) --

On the initiative and decision of the Company's Management Board the Ordinary
General Shareholders Meeting of Vilniaus baldai AB (identification code
121922783, address Savanoriu ave. 178B, Vilnius, LT-03154) is to be held on 20
December, 2017 at 10:00 a. m. in Savanoriu ave. 178B, Vilnius. 

Registration of the shareholders will start at 9:30 a. m. Only the persons who
are the shareholders of the Company at the end of the accounting day of the
Ordinary General Shareholders Meeting (13 December, 2017) are entitled to
participate and to vote at the General Shareholders meeting. Shareholders'
rights accounting day - 08 January, 2018. 

Agenda includes:
1. Consolidated annual report.
2. Company's Auditor's report.
3. Approval of the Consolidated and Company's financial statements for the year
2017 ended 31 August, 2017 
4. Distribution of Company's profit.

The Management Board of Vilniaus baldai AB approved the Company's draft
resolutions of the Annual General Shareholders meeting that will take place on
the 20th of December 2017: 

1. Consolidated annual report.

Shareholders of the public joint-stock company Vilniaus baldai AB are presented
with the consolidated annual report of Vilniaus baldai for 2017 (There is no
voting on this issue of agenda). 

2. Independent auditor's report.

Shareholders of the public joint-stock company Vilniaus baldai AB are presented
with the independent auditor's report on the financial statements of Vilniaus
baldai for 2017 (There is no voting on this issue of agenda). 

3. Approval of the Consolidated and Company's financial statements for the year
2017 ended 31 August 2017. 

To approve Consolidated and Company's financial statements for the year 2017
ended 31 August 2017. 

4. Approval of the Company's profit distribution for the year 2017 ended 31
August 2017: 

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          (21 479)   
 reporting financial year                                             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 of dividends per one ordinary share.

The documents related to the agenda, draft resolutions on every item of agenda,
documents what have to be submitted to the General Shareholders Meeting and
other information related to realization of shareholders rights are available
at the office of Vilniaus baldai (Savanoriu ave 178 B, Vilnius) during working
hours. 

The shareholders are entitled: (i) to propose to supplement the agenda of the
General Shareholders Meeting submitting draft resolution on every additional
item of agenda or, than there is no need to make a decision - explanation  of
the shareholder (this right is granted to shareholders who hold shares carrying
at least 1/20 of all the votes). Proposal to supplement the agenda is submitted
in writing by registered mail or delivered in person against signature. The
agenda is supplemented if the proposal is received no later than 14 before the
General Shareholders Meeting; (ii) to propose draft resolutions on the issues
already included or to be included in the agenda of the General Shareholders
Meeting at any time prior to the date of the General Shareholders meeting (in
writing, by registered mail or delivered in person against signature) or in
writing during the General Shareholders Meeting (this right is granted to
shareholders who hold shares carrying at least 1/20 of all the votes); (iii) to
submit questions to the Company related to the issues of agenda of the General
Shareholders Meeting in advance but no later than 3 business days prior to the
General Shareholders Meeting  in writing by registered mail or delivered in
person against signature. 
Shareholder participating at the General Shareholders Meeting and having the
right to vote must submit documents confirming personal identity. Each
shareholder may authorize either a natural or a legal person to participate and
to vote on the shareholder's behalf at the General Shareholders Meeting. The
representative has the same rights as his represented shareholder at the
General Shareholders Meeting. The authorized persons must have documents
confirming their personal identity and power of attorney approved in the manner
specified by law which must be submitted to the Company no later than before
the commencement of registration for the General Shareholders Meeting. 

Shareholder is entitled to issue power of attorney by means of electronic
communications for legal or natural persons to participate and to vote on its
behalf at the General Shareholders Meeting. The shareholders must inform the
Company about power of attorney issued by means of electronic communications no
later than before the commencement of registration for the General Shareholders
Meeting. The shareholders must inform the Company about power of attorney
issued by means of electronic communications no later than before the
commencement of registration for the General Shareholders Meeting. The power of
attorney issued by means of electronic communications and notice about it must
be written and submitted to the Company by means of electronic communications. 

Shareholder or its representative may vote in writing by filling general voting
bulletin, in such a case the requirement to deliver a personal identity
document does not apply. The form of general voting bulletin is presented at
the Company's webpage. If shareholder requests, the Company shall send the
general voting bulletin to the requesting shareholder by registered mail or
shall deliver it in person against signature no later than 10 days prior to the
General Shareholders Meeting free of charge. The filled general voting bulletin
must be signed by the shareholder or its authorized representative. Document
confirming the right to vote must be added to the general voting bulletin if
authorized person is voting. The filled general voting bulletin must be
delivered to Vilniaus baldai, AB by registered mail (address Savanoriu ave.
178B, LT 03154 Vilnius, Lithuania) or in person against signature no later than
before the day of the General Shareholders Meeting. 

Information related with the convened General Shareholders Meeting (notice on
convocation of General Shareholders Meeting, information about Company's
shares, draft resolution, etc.) are available at Vilniaus baldai AB webpage
http://www.vilniausbaldai.lt. For further information please contact + 370 5
2525700. 

         Additional information:
         Head of Finance
         Jonas Krutinis
         Phone No.: [phone]

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