Published: 2012-04-27 15:00:01 CEST
Vilkyskiu Pienine
Notification on material event

Decisions taken at the Ordinary General Meeting of the Shareholders of Vilkyskiu pienine AB

The following decisions were taken at the Ordinary General Meeting of Shareholders of Vilkyskiu pienine AB which was held on the 27 April 2012:

Item 1 of the Agenda: The annual report of the Company of the year 2011.
Attended the annual report of the Company of the year 2011.

Item 2 of the Agenda: Auditor‘s Report regarding the Company’s Financial Statements for 2011.
Heard.

Item 3 of the Agenda: Approval of the Company’s Financial Statements for 2011.
Approved the Company’s Financial Statements for 2011.

Item 4 of the Agenda: Profit (loss) appropriation for the year 2011.
Approved the Audited Profit appropriation for the year 2011 as follows under IAS: 

  thousand LTL thousand EUR
 1) Non-appropriated profit (loss) at the end of the year 2010 9.028 2.615
2) Approved by shareholders dividends of the year 2010 2.866 830
3) Transfers to reserves provided by law 259 75
4) Portion of the profit allocated to the reserve for the purchase of own shares 5.768 1.671
5) Non-appropriated profit (loss) at the beginning of the year 2011 after dividends payout and transfer to reserves 135 39
6) Net profit (loss) of the reporting period 13.546 3.923
7) Transfers from reserves 457 132
8) Total profit (loss) to be appropriated: 14.138 4.095
-    portion of the profit allocated to the legal reserve 0 0
-    portion of the profit allocated to the reserve for the purchase of own shares 0 0
-    portion of the profit allocated for payment of the dividends (or 0,25 LTL (0,0724 EUR) per ordinary registered share with nominal value of 1 LTL) 2.986 865
-    portion of the profit allocated to the other reserves 0 0
-    portion of the profit allocated to be paid as annual payouts (tantiemes) to board members, bonuses to employees and for other purposes 150 43
9) Non-appropriated profit (loss) at the end of the year 2011 carried forward to next financial year 11.002 3.186

 

Item 5 of the Agenda: Election of the Audit Committee members.
The members of the Audit Committee elected Vanda Krivonosoviene (independent member) and Milana Buivydiene.

Item 6 of the Agenda: A decision on the purchase of own shares.
A decision with regard to the purchase of own shares has been approved:
a) To purchase up to 10 percent of the Company’s shares.
b) The purpose of acquisition of own shares – to maintain and increase the price of the Company’s shares.
c) Period during which the Company may acquire own shares – until 30 April 2013.
d) To set the maximum price per share of own shares to be acquired – at 1.40 EUR (4.83 LTL), at the same time setting the minimum acquisition price per share equal to the nominal value of a share, i.e. 0.29 EUR (1.00 LTL).
e) To commit the Board to organise the purchase of own shares, to determine the procedure for purchase and sale of shares, time, number of shares and price, as well as to perform other actions relating thereto in compliance with the terms set in this resolution as well as in accordance with the requirements established in the Republic of Lithuania Law of Companies.

Item 7 of the Agenda: Approval of dividend policy.
Approved the dividend policy.

  

         Finance director
         Vilija Milaseviciute
         phone +370 441 55102


Separate financial statements for 2011.pdf
Confirmation EN.pdf
Dividend policy.pdf
Consolidated financial statements for 2011.pdf