Utena, Lithuania, 2017-04-26 14:00 CEST (GLOBE NEWSWIRE) -- The Annual General Meeting of Utenos trikotazas, AB (hereinafter ‘the Company') shareholders held on 26 April 2017 decided:
1. Presentation of the Company annual report for the year 2016.
Company annual report for the year 2016, prepared by the Company, assessed by the auditors and approved by the Board of Directors is presented (Appendix No.2).
2. Report of the Company's auditor.
Taken for the information (Appendix No.1).
3. Approval of the Company and consolidated Group annual financial statements for the year 2016.
Decided:
To approve the annual financial statements of the Company and consolidated of the Group for the year 2016 (Appendix No.1).
4. Allocation of the profit (loss) of the Company of 2016.
Decided:
To allocate the Company's profit of the year 2016 according to the draft of profit allocation presented for the Annual General Meeting of Shareholders (Appendix No.3).
5. Election of the Company’s Board members.
Decided:
To elect the following members to the Company’s Board for the new Board term (for 4 years):
- Gintautas Rudis;
- Algirdas Šabūnas;
- Vytautas Vaškys;
- Giedrius Grondskis.
6. Regarding approval of the new version of the Regulations of the Audit Committee
Decided:
To approve the new version of the Regulations of the Audit Committee of AB “Utenos trikotažas” (Appendix No.5).
7. Regarding election of the Audit Committee members
Decided:
To elect to the Audit Committee of AB “Utenos trikotažas” 2 (two) independent members for the new 4 (four) years term of office: Genadij Makušev and Arvydas Dalikas. To elect Genadij Makušev as Chairman of the Audit Committee (Appendix No.6).
8. Regarding approval of the remuneration for the Audit Committee members
Decided:
For a work in the Audit Committee of AB „Utenos trikotažas“, to set a rate of EUR 90 (ninety euros) per session hour for each independent member of the Audit Committee, but not higher than EUR 270 (two hundred seventy euros) for the full one session of the Audit Committee. These amounts do not include personal income tax and compulsory health insurance contributions which AB “Utenos trikotažas” calculates and pays at its own expense in accordance with the requirements of legislation.
9. Regarding extension of the agreement with the audit company and approval of the remuneration for the audit services
Decided:
To extend the agreement concluded with UAB "ERNST & YOUNG BALTIC" (identification code 110878442, the registered address: Subačiaus str. 7, Vilnius) for the audit of AB “Utenos trikotažas” financial statements for 2017. To approve the annual remuneration for the audit services EUR 15 300 (fifteen thousand three hundred euros) plus VAT.
ENCL.:
Appendix No.1. Report of the Company and consolidated Group annual financial statements. Report of the Company's auditor.
Appendix No.2. Company’s consolidated annual report for the year 2016.
Appendix No.3. Statement of the Company‘s Profit Allocation for the Year 2016.
Appendix No.4. Confirmation of responsible persons.
Appendix No.5. Regulations of the Audit Committee.
Appendix No.6 Introducing of the Audit Commitee members.
For more information please contact Mr. Algirdas Šabūnas, Managing Director of AB Utenos trikotažas, tel. No. 370 389 51445
Managing Director AB ,,Utenos trikotažas“ Algirdas Šabūnas
