Draft Resolutions of the Extraordinary General Meeting of the Shareholders to be held on 7 November 2012 are as follows:
1. Selection of an audit company and pricing of audit services.
1.1. To select KPMG Baltics UAB as an auditor to carry out the audit of the financial statements and the annual reports of Panevėžio statybos trestas AB and the companies of Panevėžio statybos trestas AB Group for the year 2012. To pay the amount not exceeding 124,000 (one hundred twenty four thousand) Litas, VAT excluded, for the audit/review of the financial statements and the annual reports of all companies of Panevėžio statybos trestas AB Group for the year 2012, except Baltlitstroj OOO located in Kaliningrad Region, Russian Federation. To pay the amount not exceeding 85,000 (eighty five thousand) Litas, VAT excluded, for the audit of the financial statement and the annual report of Panevėžio statybos trestas AB for the year 2012 including the review of the financial statements of the following subsidiaries for the purposes of consolidation: Metalo meistrai UAB, Skydmedis UAB and Alinita UAB.
1.2. To recommend the Managing Director of Panevėžio statybos trestas AB by means of participation at the meeting of shareholders of Baltlitstroj OOO located in Kaliningrad Region, Russian Federation and belonging to Panevėžio statybos trestas AB Group to ensure selection of Оценка Консультации Аудит OOO as its auditor, which would carry out the audit following the legal acts regulating Russian audit and accounting, and provide the auditor’s opinion to KPMG Baltics UAB for the financial statement package to be submitted the parent company of the company for the purposes of consolidation.
1.3. To delegate Dalius Gesevičius, the Managing Director of Panevėžio statybos trestas AB:
1.3.1. to sign the contract for audit carrying out with KPMG Baltics UAB UPON A written consent by Artūras Bučas, the Board Member of Panevėžio statybos trestas AB;
1.3.2. to initiate the general meeting of the shareholders at the companies of Panevėžio statybos trestas AB Company Group and by means of participation at the meetings thereof to ensure selection of the relevant audit company and that these companies and their subsidiary companies follow the procedure defined in item 1.4. hereinbelow.
1.4. The contract with KPMG Baltics UAB for the provision of the audit/review services at the subsidiary companies of Panevėžio statybos trestas AB and the subsidiary companies of these companies shall be signed by the Directors of the companies thereof upon a written consent by Artūras Bučas, the Board Member of Panevėžio statybos trestas AB. The copies of the contracts and audit reports shall be provided to the parent company within seven days from their signature.
For more information contact:
Dalius Gesevičius
Managing Director
Panevėžio statybos trestas AB
Phone: (+370 45) 505 503