The following decisions was taken at the Ordinary General Meeting of Shareholders of Vilkyskiu pienine AB which was held on the 24 April 2015:
Item 1 of the Agenda: Company’s annual report for the year 2014.
Resolution: To approve the Company’s annual report for the year 2014.
Item 2 of the Agenda: Auditor‘s Report regarding the Company’s Financial Statements for the year 2014.
Heard.
Item 3 of the Agenda: Approval of Company's annual and consolidated financial statements of the year 2014.
Resolution: To approve of Company's annual and consolidated financial statements of the year 2014.
Item 4 of the Agenda: Profit (loss) appropriation for the year 2014.
Resolution: To approve the Audited Profit appropriation for the year 2014 as follows under IAS:
| thousand EUR | |
| 1) Non-appropriated profit (loss) at the end of the year 2013 | 10,253 |
| 2) Approved by shareholders dividends of the year 2013 | 1,038 |
| 3) Transfers to reserves provided by law | 0 |
| 4) Portion of the profit allocated to the reserve for the purchase of own shares | 692 |
| 5) Non-appropriated profit (loss) at the beginning of the year 2013 after dividends payout and transfer to reserves | 8,523 |
| 6) Net profit (loss) of the reporting period | 1,886 |
| 7) Transfers from reserves | 109 |
| 8) Total profit (loss) to be appropriated: | 10,518 |
| - portion of the profit allocated to the legal reserve | 0 |
| - portion of the profit allocated to the reserve for the purchase of own shares | 87 |
| - portion of the profit allocated for payment of the dividends (or 0.07 EUR per ordinary registered share with nominal value of 0.29 EUR) | 836 |
| - portion of the profit allocated to the other reserves | 0 |
| - portion of the profit allocated to be paid as annual payouts (tantiemes) to board members, bonuses to employees and for other purposes | 43 |
| 9) Non-appropriated profit (loss) at the end of the year 2014 carried forward to next financial year | 9,552 |
Item 5 of the Agenda: A decision on the purchase of own shares.
Resolution: A decision with regard to the purchase of own shares has been approved:
a) To purchase up to 10 percent of the Company’s shares.
b) The purpose of acquisition of own shares – to maintain and increase the price of the Company’s shares.
c) Period during which the Company may acquire own shares – until 27 April 2016.
d) To set the maximum price per share of own shares to be acquired – at 2.10 EUR, at the same time setting the minimum acquisition price per share equal to the nominal value of a share, i.e. 0.29 EUR.
e) To commit the Board to organize the purchase of own shares, to determine the procedure for purchase and sale of shares, time, number of shares and price, as well as to perform other actions relating thereto in compliance with the terms set in this resolution as well as in accordance with the requirements established in the Republic of Lithuania Law of Companies.
Item 6 of the Agenda: Approval of the new wording of the Articles of Association and authorization.
Resolution: Taking into consideration the adopted decisions to change the expression of the par value of the Company's shares and authorized capital in litas into expression in euro, amendments of the Republic of Lithuania Law on Companies, that came into force after registration of the last wording of the Articles of Association and other amendments provided in the draft of the Articles of Association amendments, to approve the new wording of the Articles of Association. To authorize General Manager of the Company (with the right to reauthorize) to sign the new wording of the Articles of Association.
Additional information authorized to provide Economics and Finance director Vilija Milaseviciute, phone +370 441 55102
