According to the decision of the Board of AB “VST” a general shareholders
meeting is called on April 27th, 2007 and shall take place at the offices of
the Company 5th floor, J.Jasinskio 16c, Vilnius, at 11.00 AM. The shareholders
will be asked to approve the following items:
1. The item of the agenda “The consideration of the 2006 Annual report of AB
“VST”:
1.1. Accept the 2006 annual report of AB “VST”.
2. The item of the agenda “Approval of the 2006 financial statements of AB
“VST”:
2.1. Approve the 2006 financial statements of AB “VST” audited by the audit
company UAB „Ernst & Young Baltic“ (attached).
3. The item of the agenda “Distribution of 2006 profit (loss) of AB “VST”:
3.1. Approve the distribution of 2006 profit (loss) of AB “VST” (attached).
3.2. Pay dividends to the shareholders of AB “VST” in the amount of 16,00 LTL
(4,63 EUR) per one ordinary registered share of the company.
3.3. Designate, that the right to receive dividends, set in the Clause 3.2
herein, shall have those persons, which on the end of the day of the general
shareholders meeting, which decided to pay dividends, i.e. on the end of April
27, 2007 shall be the shareholders of AB “VST”. The dividends to such persons
should be paid according to the paragraph 60 part 4 of the Lithuanian Republic
Law on Companies, i.e. in one month from the adoption day of the decision to
pay dividends, payment being made through the company's shareholders' issuer
accountants and the company's (issuer's) issuer accountant - AB bankas
“Hansabankas”.
Profit (loss) distribution project proposed to approve in a general
shareholders meeting:
1. Retained earnings at the beginning of the financial year 33 010 331 LTL (9
560 452,68 EUR);
2. Net annual operating result (profit/loss) 59 677 144 LTL (17 283 695,55 EUR);
3. Profit (loss) of the financial year that is unrecognized in the profit
(loss) statement 0 LTL (0 EUR);
4. Transfers from reserves:
4.1. Transfer from revaluation reserve 361 312 045 LTL (104 643 201 EUR);
4.2. Transfer from compulsory reserve 0 LTL (0 EUR);
5. Shareholders' contributions to cover losses (if shareholders decided to
cover all or a portion of losses) 0 LTL (0 EUR);
6. Total distributable profit (loss) 453 999 520 LTL (131 487 349,40 EUR);
7. Profit allocation to the compulsory reserve 0 LTL (0 EUR);
8. Profit allocation to the reserve to purchase company‘s own shares 0 LTL (0
EUR);
9. Profit allocation to other reserves 0 LTL (0 EUR);
10. Profit allocation to pay out dividends (16 LTL per 1 share, i.e. 4,63 EUR
per 1 share) 59 487 968 LTL (17 228 906,39 EUR);
11. Profit allocation to yearly pay outs to board and council members, employee
bonuses and other purposes 0 LTL (0 EUR);
12. Retained earnings carried forward to next financial year 394 511 552 Lt
(114 258 443 EUR).
The 2006 annual report of AB “VST” and the draft financial statements can be
found at the internet site of AB “VST” at www.vst.lt and at the internet site
of Vilnius stock exchange at www.baltic.omxgroup.com.
Chief executive officer
Darius Nedzinskas
