Published: 2013-04-05 08:56:51 CEST
Vilkyskiu Pienine
Notification on material event

Draft resolutions of Ordinary General Meeting of the Shareholders

Draft decisions for the Ordinary General Meeting of Shareholders of Vilkyskiu pienine AB to be held on the 26 April 2013, proposed by the Board of the Company:

Item 1 of the Agenda: Company's annual report 2012.
Draft resolution: To attended the annual report of the Company of the year 2012.

Item 2 of the Agenda: Auditor‘s Report regarding the Company’s Financial Statements for 2012.
Draft resolution: Heard.

Item 3 of the Agenda: Approval of Company's annual and consolidated financial statements of the year 2012.
Draft resolution: To approve of Company's annual and consolidated financial statements of the year 2012.

Item 4 of the Agenda: Profit (loss) appropriation for the year 2012.
Draft resolution: To approve the Audited Profit appropriation for the year 2012 as follows under IAS:

  thousand LTL thousand EUR
 1) Non-appropriated profit (loss) at the end of the year 2011 14,138 4,095
2) Approved by shareholders dividends of the year 2011 2,986 865
3) Transfers to reserves provided by law 0 0
4) Portion of the profit allocated to the reserve for the purchase of own shares 0 0
5) Non-appropriated profit (loss) at the beginning of the year 2011 after dividends payout and transfer to reserves 11,152 3,230
6) Net profit (loss) of the reporting period 5,175 1,499
7) Transfers from reserves 354 103
8) Total profit (loss) to be appropriated: 16,681 4,831
-    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 203 59
-    portion of the profit allocated for payment of the dividends (or 0.21 LTL (0.0608 EUR) per ordinary registered share with nominal value of 1 LTL) 2,508 726
-    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 13,820 4,003

 

Item 5 of the Agenda: A decision on the purchase of own shares.
Draft resolution: 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 25 April 2014.
d) To set the maximum price per share of own shares to be acquired – at 1.45 EUR (5.00 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 organize 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 6 of the Agenda: Election of the Company's Audit firm for the year 2013, 2014 and 2015 and setting the conditions of payment.
Draft resolution:
1) To elect KPMG Baltics, UAB as the Company's Audit firm for the year 2013, 2014 and 2015.
2) To authorize Mr. Gintaras Bertasius, the Company's General Director, to contract with KPMG Baltics, UAB and to set the conditions of payment for the services.

         Vilija Milaseviciute
         Finance director
         phone +370 441 55102


Consolidated financial statements for the year ended 31 December 2012.pdf
Confirmation EN.pdf
Separate financial statements for the year ended 31 December 2012.pdf