The following resolutions have been adopted at the Extraordinary General Meeting of Shareholders of Panevėžio statybos trestas AB taken place on 18 November 2015:
1. Selection of an audit company and pricing of audit services.
1.1. KPMG Baltics UAB has been selected as an auditor to carry out the audit of the financial statements and annual reports of Panevėžio statybos trestas AB and the companies of Panevėžio statybos trestas AB Group for the year 2015. The amount not exceeding 43 200 (forty three thousand two hundred) Euros, VAT excluded, to be paid for the audit/review of the financial statements and annual reports of all companies of Panevėžio statybos trestas AB Group for the year 2015, except the companies of Panevėžio statybos trestas AB Group located in Latvia and Sweden, Territorija OOO located in Vologda Region and Baltlitstroj OOO located in Kaliningrad Region, both in the Russian Federation. The amount not exceeding 27 000 (twenty seven thousand) Euros, VAT excluded, to be paid for the audit of the financial statements and annual report of Panevėžio statybos trestas AB for the year 2015.
1.2. Auditors for carrying out the audit in the companies of Panevėžio statybos trestas AB Group located outside the European Union following the legal acts regulating accounting and audit in the countries thereof, to be selected at the discretion of the General Meetings of Shareholders at these companies considering the possibilities of these audit companies at the same time to carry out the review/audit of the financial statement package of the relevant company belonging to Panevėžio statybos trestas AB Group for consolidation purposes. Payment for these audit services is not included in the payment for the audit of the financial statements and annual reports of the companies of Panevėžio statybos trestas AB Group, specified in item 1.1. hereinabove.
1.3. To provide for the possibility in the companies of Panevėžio statybos trestas AB Group, Baltlitstroj OOO and Territorija OOO, located in the Russian Federation, to select an auditor to carry out the audit following the legal acts regulating Russian audit and accounting at the discretion of the General Meeting of Shareholders of the companies thereof and the review of the financial statement package for consolidation purposes/audit for consolidation purposes will be carried out by KPMG Baltics UAB. In these cases the payment for the services thereof will be added to the amounts specified in item 1.1. hereinabove.
1.4. To delegate the Managing Director of Panevėžio statybos trestas AB:
1.4.1. To sign the contract with KPMG Baltics UAB for audit carrying out upon a written consent of Artūras Bučas;
1.4.2. To initiate the General Meetings of Shareholders at the companies of Panevėžio statybos trestas AB Group, by means of participation at the meetings thereof to ensure selection of the relevant auditor and following the procedure defined in item 1.5. hereinbelow by these companies and their subsidiary companies.
1.5. The contracts 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 of Artūras Bučas. The copies of the contracts and copies of the 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