The following actions were performed on the Ordinary General Shareholders'
Meeting held on 29/03/2007:
1) Presentation of the annual report;
2) Presentation of the independent external auditors' conclusions;
3) Presentation of the Bank's Supervisory Council's reviews and suggestions;
4) The Financial Statements of the Bank for the year 2006 were approved
(appendix 1).
5) The profit allocation was approved:
-retained earnings at the beginning of the year: LTL 1,189 thou
-financial net profit for the year: LTL 13,651 thou,
-total profit for distribution: LTL 14,840 thou,
-profit deductions to compulsory reserve: LTL 745 thou,
-dividends: 2.181 thou LTL (LTL 0.02 per ordinary registered share of LTL 1
nominal value),
-profit allocated to the Bank Council's bonuses (accrued in the result of
2006): LTL 450 thou,
-unappropriated profit at the end of fiscal year: LTL 11,914 thou.
6) The decision was made to increase the authorized capital of the bank by LTL
11,994,312 from the capital reserve (share premium) issuing 11,994,312 ordinary
registered shares with LTL 1 nominal value and distribute bonus shares to the
shareholders in proportion (11%) to the nominal value of shares owned by them on
the day of this General Shareholders Meeting.
7) The decision to amend Section 3.5 of Charter and to arrange it as follows
was
made: „3.5 The authorized capital of the Bank is total amount of the par values
of all registered shares. The authorized capital of the Bank is LTL 121,033,512
(one hundred twenty one million thirty three thousand five hundred twelve). It
is divided into 121,033,512 (one hundred twenty one million thirty three
thousand five hundred twelve) ordinary registered shares. Par value of one share
is LTL 1 (one).“ and to authorize Chairman of the Board Algirdas Butkus to sign
the amended Charter.
8) The following resolution regarding the increase of the Bank's authorized
capital
by additional contributions was adopted:
a) to increase the Bank's authorized capital by additional contributions of LTL
40,000,000 by issuing 40,000,000 ordinary registered shares with LTL 1 nominal
value each.
b) to set a price of LTL 2.30 per share of the new share issue.
c) to disseminate this share issue only to the Bank's shareholders in two
stages:
* on the first stage that is not shorter than 15 days and not longer than 30
days
to disseminate the shares in proportion to the number of shares owned on the
Meeting day;
* on the second stage that is not shorter than 15 days and not longer than 30
days
to disseminate the rest of the shares in accordance with shareholders'
applications, in proportion the number of shares owned on the Meeting day and to
the requested number of shares.
d) to assign the Bank's Board to confirm the order of share dissemination and
payment, specifying signing and payment for the shares which have been signed
but were not paid within the set period of time.
9) The resolution regarding the amendments of the Charter connected with the
increase of the authorized capital by additional contributions was adopted:
a) in case all the shares are disseminated within the set period, to amend
Section
3.5 of Charter and to arrange it as follows: „3.5 The authorized capital of the
Bank is total amount of the par values of all registered shares. The authorized
capital of the Bank is LTL 161,033,512 (one hundred sixty one million thirty
three thousand five hundred twelve). It is divided into 161,033,512 (one hundred
sixty one million thirty three thousand five hundred twelve) ordinary registered
shares. Par value of one share is LTL 1 (one).“
b) in case not all the shares are disseminated within the set period, the
authorized capital is considered as increased in the amount of nominal value of
c) the signed shares and to assign the Board to amend accordingly Section 3.5.
of
Charter, to authorize Chairman of the Board Algirdas Butkus to sign the amended
Charter.
Pranas Gedgaudas Tel.: +370 41 595653
The resolutions of the Ordinary General Shareholders' Meeting held on 29/03/2007
| Source: Siauliu Bankas
Attachments
