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

Vilnius, Lithuania, 2017-12-20 12:11 CET (GLOBE NEWSWIRE) --

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             (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 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.: [phone]

Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=657747