Vilniaus Baldai: Regarding additions to the agenda of the ordinary general meeting of shareholders of AB VILNIAUS BALDAI to be held on 20 December 2017

Vilnius, Lithuania, 2017-12-08 08:00 CET (GLOBE NEWSWIRE) --


On the proposal and decision to additions 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 of the ordinary general meeting of shareholders (including its
supplemented issues): 

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.
5. Approval of the new wording of the provisions of the Audit Committee.
6. Election of the audit committee members.
7. Determination of remuneration for the audit committee members.

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 20 th 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.

5. Approval of the new wording of the provisions of the Audit Committee.

To approve the regulations of the Audit Committee of Vilniaus baldai AB
(enclosed). 

6. Election of the audit committee members.

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. 

7. Regarding approval of the remuneration for the Audit Committee members.

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. 

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 Company provided the information, which according to legal acts must be
provided when notifying of the convocation of the meeting, on 28 November 2017
by publishing the notification on material event. 

Documents related to the agenda updates are attached including: draft of the
new version of the Audit Committee provisions, list of proposed candidates for
the members of the Audit Committee, proposal for setting Audit Committee
members remuneration, respectively updated general voting bulletin. 


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

Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=656215