Published: 2015-04-03 16:00:41 CEST
Vilkyskiu Pienine
Notification on material event

Draft resolutions of Ordinary General Meeting of the Shareholders, to be held on 24 April 2015

Draft decisions for the Ordinary General Meeting of Shareholders of Vilkyskiu pienine AB to be held on the 24 April 2015, proposed by the Board of the Company:

Item 1 of the Agenda: Company's annual report 2014.

Draft resolution: To attended the annual report of the Company of the year 2014.

Item 2 of the Agenda: Auditor‘s Report regarding the Company’s Financial Statements for 2014.

Draft resolution: Heard.

Item 3 of the Agenda: Approval of Company's annual and consolidated financial statements of the year 2014.

Draft resolution: To approve of Company's annual and consolidated financial statements of the year 2014.

Item 4 of the Agenda: Profit (loss) appropriation for the year 2014.

Draft resolution: To approve the Audited Profit appropriation for the year 2014 as follows under IAS: 

  thousand EUR
 1) Non-appropriated profit (loss) at the end of the year 2013 10,253
2) Approved by shareholders dividends of the year 2013 1,038
3) Transfers to reserves provided by law 0
4) Portion of the profit allocated to the reserve for the purchase of own shares 692
5) Non-appropriated profit (loss) at the beginning of the year 2013 after dividends payout and transfer to reserves 8,523
6) Net profit (loss) of the reporting period 1,886
7) Transfers from reserves 109
8) Total profit (loss) to be appropriated: 10,518
-    portion of the profit allocated to the legal reserve 0
-    portion of the profit allocated to the reserve for the purchase of own shares 87
-    portion of the profit allocated for payment of the dividends (or 0.07 EUR per ordinary registered share with nominal value of 0.29 EUR) 836
-    portion of the profit allocated to the other reserves 0
-    portion of the profit allocated to be paid as annual payouts (tantiemes) to board members, bonuses to employees and for other purposes 43
9) Non-appropriated profit (loss) at the end of the year 2014 carried forward to next financial year 9,552

  

Item 5 of the Agenda: A decision on the purchase of own shares.

Draft 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 2016.
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: Approval of the new wording of the Articles of Association and authorization.

 Draft resolution: Taking into consideration the adopted decisions to change the expression of the par value of the Company's shares and authorized capital in litas into expression in euro, amendments of the Republic of Lithuania Law on Companies, that came into force after registration of the last wording of the Articles of Association and other amendments provided in the draft of the Articles of Association amendments, to approve the new wording of the Articles of Association. To authorize General Manager of the Company (with the right to reauthorize) to sign the new wording of the Articles of Association.

 

 

         Vilija Milaseviciute
         Economics and finance director
         phone +370 441 55102


Confirmasion of the responsible persons EN.pdf
Separate financial statements for the year ended 31 December 2014.pdf
Consolidated financial statements for the year ended 31 December 2014.pdf
Articles of Association EN.pdf