Resolutions of the General Shareholder Meeting held on 28th of April, 2016


Vilnius, Lithuania, 2016-04-28 10:47 CEST (GLOBE NEWSWIRE) --  

1. WAS CONSIDERED:

Auditor's opinion on the company's financial statements and on the company's yearly report.

 

RESOLUTION (unanimously accepted):.

Approve Auditor's opinion.

 

2. WAS CONSIDERED:

Proposals and comments of the Supervisory Board.

Meeting has listened proposals and comments of the Supervisory Board.

 

3. WAS CONSIDERED:

Approval of the company's yearly report for the year 2015.

 

RESOLUTION (unanimously accepted):.

Approve Vilniaus degtinė AB yearly report for the year 2015.

 

4. WAS CONSIDERED:

Approval of the company's financial statements for the year 2015.

 

RESOLUTION (unanimously accepted):.

Approve the company‘s financial statements for the year 2015, according to which the Company's assets as of the 31st December 2015 were EUR 27 079 685 owner's equity – EUR 12 956 920, and profit of 2015 - EUR 1 336 313.

 

5. WAS CONSIDERED:

Company's profit appropriation for 2015 in the year 2016. General Manager of the company has informed shareholder about AB “Vilniaus degtinė” obligation do not take decisions for payment of dividends for the period during which there are binding agreements with AB DNB bank, by which are corresponding obligations are binding.

 

RESOLUTION (unanimously accepted):

Results of the year 2015:

1. Retained profit of previous financial year - at the end of the year under report EUR 3 857 883;

2. Profit of the year under report EUR 1 336 313;

3. Profit (loss) of the financial year under report not recognized on the Gross income report – EUR (9 275);

 

4. Transfers from reserves – absent;

5. Shareholder contributions to cover the Company's losses – absent;

6. Allocated profit, total EUR 5 184 921;

7. Share of profit allocated to the statutory reserve – absent;

8. Share of profit allocated to the reserve for purchase of own shares – absent;

9. Share of profit allocated to other reserves – absent;

10. Share of profit allocated to payment of dividends – absent;

11. Share of profit allocated to annual allowances (bonuses) to members of the Board and the Supervisory Board, to employee bonuses and other purposes – absent;

12. Retained profit at the end of the year under report, moved forward to the following year EUR 5 184 921.

 

6. WAS CONSIDERED:

Election of the Audit Company and determination of the terms of payment for audit services.

 

RESOLUTION (unanimously accepted):

1. Elect audit company „KPMG Baltics“ UAB to the position of the auditors of Vilniaus degtinė AB for 2016.

2. Authorise the Company's Managing Director (CEO) to sign service provision agreement with the Company's auditor „KPMG Baltics“ UAB with regard to execution of the audit of Annual Financial Statements 2016, paying for the services the price agreed by the parties.

 

7. WAS CONSIDERED

Regarding mortgage and pledge of companies fixed assets

 

RESOLUTION (unanimously accepted):

To conclude amendments of pledge and/or mortgage (including maximum pledge and maximum mortgage) of AB “Vilniaus degtinė” fixed assets, in such way, that amended conditions would meet all conditions stated in overdraft agreement, concluded on 29th of September, 2008, with all of its amendments and aditions.

 

8. WAS CONSIDERED

Elections of members of Supervisory board.

 

RESOLUTION (unanimously accepted):

After the end of the Supervisory Board term, to elect new Supervisory Board: Jean Noel Reynaud, Aymeric Donon, Stéphane Laugery.

 

9. WAS CONSIDERED

Other questions

Additional question was not submitted for the shareholders meeting

 

General Manager

Juozas Daunys

8 5 233 0819