Published: 2015-04-30 12:52:48 CEST
Vilniaus Baldai
Notification on material event

Resolutions of the Annual General Shareholders Meeting of Vilniaus baldai AB on 30/04/2015

Vilnius, Lithuania, 2015-04-30 12:52 CEST (GLOBE NEWSWIRE) --  

On the 30th of April 2015 the Annual General Shareholders Meeting of Vilniaus baldai AB resolved on the following:

Item1 of the Agenda: Consolidated annual report.
The Company‘s consolidated annual report for 2014 was presented.

Item2 of the Agenda: Company's auditor's report.
The report of the auditors (KPMG) for 2014 was presented.

Item3 of the Agenda: Approval of the Company's financial statements for 2014.
Resolution: to approve Company's financial statements for 2014.

Item4 of the Agenda: Approval of the Company‘s consolidated financial statements for 2014.
Resolution: to approve Company‘s consolidated financial statements for 2014.

Item5 of the Agenda: Approval of the Company‘s profit distribution.
Resolution: to approve Company‘s profit distribution.

Undistributed retained earnings, brought forward                            78 755 LTL        22 809 EUR
Net result for the current year                                                   16 440 625 LTL    4 761 534 EUR
Profit (loss) not recognized in the income statement
of the reporting financial year                                                       (60 185)  LTL       (17 431) EUR
Transfer from the reserve for own shares acquisition                            -                       -
Distributable result                                                                    16 459 195 LTL    4 766 912 EUR
Transfers to the obligatory reserves                                                        -                       -
Profit transfers to the reserves for own shares acquisition                    -                        -
Transfers to other reserves                                                                     -                        -
To be paid as dividends                                                                           -                        -
To be paid as annual payments (bonus) to board of                               -                        -
Undistributed retained earnings, carried forward                      16 459 195 LTL       766 912 EUR

Item6 of the Agenda: Approval of the change of expression of nominal value of shares and authorised capital in litas into expression in euro.
Resolution: To change an expression of nominal value of shares and authorised capital in litas into expression in euro.
1. To set that nominal value of one share is 1,16 (one euro 16 euro cents) EUR.
2. To set that Authorized capital of the Company is 4.508.069,72 (four million five hundred eight thousand sixty nine euro and 72 euro cents) EUR.

Item7 of the Agenda: Approval of the new edition of the Company Regulations.
Resolution: Taking into consideration the adopted decision to change the expression of the nominal value of shares and authorised capital in litas into expression in euro, pursuant to the amendment of the Company Law of the Republic of Lithuania, entered into force since the last version of the Company’s Regulations registration, to approve new edition of the Company Regulations.

To authorize general manger Rimantas Vaitkus to sign the new edition of Vilniaus baldai AB Regulations (attached).     
 

         Additional information:
         Head of Finance department
         Jonas Krutinis
         Phone No.: +370 (5) 2525720


Regulations_30-04-2015.pdf