On 2 April 2019 the Board of Telia Lietuva, AB (hereinafter “Telia Lietuva” or “the Company”) decided:
- To approve the draft of the audited annual consolidated and separate financial statements of the Company for the year 2018, prepared according to the International Financial Reporting Standards, and to propose to the Company’s Annual General Meeting of Shareholders to approve the draft of the Company’s annual consolidated and separate financial statements for the year 2018.
The audited results of Telia Lietuva Group for the year 2018 are the same as the results for the twelve months of 2018 that were announced on 25 January 2019: the audited consolidated Telia Lietuva Group revenue for the year 2018 amounted to EUR 376,494 thousand and profit for the period amounted to EUR 54,700 thousand. EBITDA excluding non-recurring items for the year 2018 was EUR 128,730 thousand.
- To approve the Company’s Consolidated Annual Report for the year 2018, prepared by the Company and assessed by the auditors, and to present the Company’s Consolidated Annual Report for information to the Company’s Annual General Meeting of Shareholders.
- To approve the draft of the Company’s profit allocation for the year 2018 and to propose for the Annual General Meeting of Shareholders to allocate the profit according to the draft of profit allocation: allocate from the Company’s distributable profit of EUR 131,617 thousand EUR 46,609 thousand for the payment of dividends for the year 2018, i.e. EUR 0.08 dividend per share, and carry forward to the next financial year an amount of EUR 85,008 thousand as retained earnings (undistributed profit). For two independent members to the Board – Tomas Balžekas and Mindaugas Glodas – as tantiems (annual payment) for the year 2018 to allocate in total an amount of EUR 31,280, or EUR 15,640 each.
- To convoke the Annual General Meeting of Shareholders in a new headquarters of Telia Lietuva, Saltoniškių str. 7, Vilnius, Lithuania, at 13.00 on 26 April 2019, and to propose to the Annual General Meeting of Shareholders the following draft agenda:
1. Presentation by the Company’s auditor.
2. Approval of the annual consolidated and separate financial statements of the Company for the year 2018 and presentation of the consolidated annual report of the Company for the year 2018.
3. Allocation of the profit of the Company of 2018.
4. Regarding the Company’s registered office address.
5. Regarding the approval of preparation of reorganisation terms.
6. Election of the Company’s Board members.
7. Regarding the implementation of decisions.
As from 1 April 2019 the Company has moved to a new headquarters at Saltoniškių str. 7 in Vilnius, the Board proposes to the General Meeting to change the registered office of the Company to Saltoniškių str. 7, LT- 08105 Vilnius, Lithuania, accordingly.
To streamline Telia Lietuva Group structure, the Board proposes to approve the preparation of reorganisation terms, under which Telia Customer Service LT, AB would be merged into Telia Lietuva, AB. The Contact Centers of Telia Customer Service LT, a subsidiary of Telia Lietuva, from 1 February 2017 are taking care of solely Telia Lietuva’ customers and are not providing services to external customers except Directory Inquiry service 118.
In April 2019, Telia Customer Service LT, UAB changed its legal form from closed joint-stock company into joint-stock company. After change of legal form, the company operates as Telia Customer Service LT, AB. Telia Lietuva owns a 100 per cent stake in Telia Customer Service LT, AB.
Taking into consideration that the two-year’s term of the Board terminates on 27 April 2019, Telia Company AB, as a shareholder of the Company holding 88.15 per cent of shares and votes, proposes to the Annual General Meeting to re-elect the current member of the Board for a new two-year’s term of the Board.
Currently the members of the Board of the Company are as follows:
- (Per) Emil Nilsson – Chair of the Board, member of the Board from 9 November 2018,
- Agneta (Magdalena) Wallmark – member of the Board from 25 April 2018,
- Claes (Johan Ingemar) Nycander – member of the Board from 29 April 2014,
- Hannu-Matti Mäkinen – member of the Board from 25 April 2018,
- Tomas Balžekas – independent member of the Board from 25 April 2018,
- Mindaugas Glodas – independent member of the Board from 25 April 2018.
ENCL.:
- Drafts of Telia Lietuva, AB Consolidated and Separate Financial Statements, Consolidated Annual Report and Independent Auditor’s Report for the year ended 31 December 2018.
- Presentation of Telia Lietuva Group results for the year 2018.
Darius Džiaugys,
Head of Investor Relations,
tel. +370 5 236 7878,
e-mail: darius.dziaugys@telia.lt
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