Decisions taken at the ordinary general meeting of the shareholders, held on 28 April 2017


The following decisions were taken at the Ordinary General Meeting of Shareholders of Vilkyskiu pienine AB which was held on the 28 April 2017:

Item 1 of the Agenda: Approval of Company’s consolidated annual report for the year 2016.

Resolution: Company’s consolidated annual report for the year 2016 has been approved.

Item 2 of the Agenda: The announcement of Auditor‘s Report regarding the Company’s Financial Statements for the year 2016.

Heard.

Item 3 of the Agenda: Approval Company's annual and consolidated financial statements of the year 2016.

Resolution: To approve of Company's annual and consolidated financial statements of the year 2016.

Item 4 of the Agenda: Profit (loss) appropriation for the year 2016.

Resolution: To approve the non-appropriated profit (loss) appropriation as follows under IAS:

  thousand EUR
 1) Non-appropriated profit (loss) at the end of the year 2015 9,681
2) Approved by shareholders dividends of the year 2015 -
3) Transfers to reserves provided by law 0,454
4) Portion of the profit allocated to the reserve for the purchase of own shares -
5) Non-appropriated profit (loss) at the beginning of the current financial year after dividends payout and transfer to reserves 9,681
6) Net profit (loss) of the reporting period 6,991
7) Transfers from reserves 150
8) Total profit (loss) to be appropriated: 16,822
portion of the profit allocated to the legal reserve -
portion of the profit allocated to the reserve for the purchase of own shares -
portion of the profit allocated for payment of the dividends 1,433*
portion of the profit allocated to the other reserves -
9) Non-appropriated profit (loss) at the end of the current financial year carried forward to next financial year 15,389

*it will be allocated 0.12 eur per ordinary registered share. In total to the dividends payout Eur 1,433,160 eur.

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 2018.

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: Election of the independent member of Audit Committee.

Resolution: To elect the independent member of Audit Committee Vilma Morkaitiene, the accountant of the Company „Bonus modus“, UAB

Item 7 of the Agenda: Election of the Company's Audit firm and setting the conditions of payment.

 

1) To elect “PricewaterhouseCoopers”, UAB as the Company's Audit firm for the year 2017, 2018 and 2019.

2) To authorize Mr. Gintaras Bertasius, the Company's General Director, to contract with “PricewaterhouseCoopers”, UAB and to set the conditions of payment for the services.

 

 

 

 

 

         Vilija Milaseviciute
         
         Economics and Finance director
         
         phone +370 441 55102