Vilnius, Lithuania, 2017-04-27 15:36 CEST (GLOBE NEWSWIRE) -- Listed hereinafter are the resolutions of the Annual General Meeting of AB "K2 LT" (the Company) shareholders, which took place on April 26th, 2017:
- Approval of the annual financial statements of AB "K2 LT" for the year 2016 and presentation of the annual report of AB „K2 LT“ for the year 2016
Discussed and unanimously approved the annual financial statements of AB "K2 LT" for the year 2016 audited by Moore Stephens Vilnius, UAB.
2. Approval of the Board report of AB "K2 LT" for the year 2016
Discussed and unanimously approved the report of the Board of AB "K2 LT" for the year 2016.
3. Distribution of the profit of AB "K2 LT" of 2016
Discussed and unanimously approved the distribution of AB "K2 LT" profit of the year 2016 according the draft of profit distribution presented for the Annual General Meeting of Shareholders. Distribute and pay out the dividends to the shareholders in the amount of 1.8 EUR for one share of AB "K2 LT" for the financial year of 2016 (the total amount for the dividends is EUR 501 889).
4. Approving the decision of the Board of the Company to refinance the existing loans of the Company, increase of the Company's total debt level for credit institutions, and the mortgage of the assets of the Company.
Decided to approve the decision of the Board to refinance the Company’s current loans and/or increase the general debt amount of the Company to the credit institutions up to EUR 1 500 000, given that there is a need for additional floating assets.
If the Board of the Company decides to refinance existing loans in a different credit institution than the one currently crediting the Company, it was decided to approve the decision of the Board of the Company to pledge and mortgage all the assets of the Company, including the assets, which are pledged and mortgaged under existing credit agreement, to the new credit institution(s) granting the loan(s). In case the loan is refinanced by the current credit institution (AB DNB bank), it was decided to approve the decision of the Board of the Company to amend the existing mortgage documents. In order to secure the obligations of the Company, the Company's assets can be pledged and / or mortgaged by the maximal pledge/mortgage agreement.
Vytenis Labanauskas
CEO
vytenis@krematoriumai.lt