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
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Net result for the current year 4 422 779
EUR
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Profit (loss) not recognized in the income statement of the (21 479)
reporting financial year EUR
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Distributable result 9 634 566
EUR
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Transfers to the obligatory reserves -
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Transfers to other reserves -
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To be paid as dividends* 1 049 292
EUR
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To be paid as annual payments (bonus) to the Board members -
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Undistributed retained earnings, carried forward 8 585 274
EUR
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* 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
Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=657747© 2017 GlobeNewswire
