Annual General Meeting of the shareholders of Balti Investeeringute Grupi Pank
AS held on April 26 2007 decided:
1. Approval of 2006 Annual Report and allocation of profits
The Annual General Meeting of Shareholders decided to approve the 2006 Annual
Report and the proposal for profit distribution. The net profit for 2006 in the
amount of 173,829 million kroons together with retained earnings from previous
years in the amount of 53,537 million (total of 227,266 million kroons) will be
distributed as follows:
- to pay as dividends 22 million kroons, i.e 275 kroons per share
- to increase Bank's reserves by 4 million kroons
- retained earnings will therefore amount to 201,366 million kroons
2. Election of the auditor
To appoint KPMG Baltics AS (reg no. 10096082) to audit Balti Investeeringute
Grupi Pank AS in 2007 and to authorise the Board to sign the auditing agreement,
including remuneration of the auditors.
3. Election of the members of the Supervisory Board
In connection with approval of the Annual Report, the authorities of the
Supervisory Council have terminated.
The Annual General Meeting of Shareholders decided to extend the term of the
authorities of the Supervisory Board for another period. The Bank's Supervisory
Board will continue with the following members:
- Parvel Pruunsild
- Vahur Voll
- Juhani Jaeger
- Linda Terras
- Meelis Luht
Additional information:
Targo Raus
Chairman of the Board
Phone: +372 735 0923
Resolutions of Annual General Meeting of Shareholders of Balti Investeeringute Grupi Pank AS
| Source: BIGBANK