Decisions of the ordinary general meeting of shareholders of AB East West AgroKaunas, Lithuania, 2023-05-02 10:34 CEST --
During ordinary general meeting of shareholders of AB East West Agro on 28th of April 2023, these decisions were taken:
Resolution (1)
Approval of the annual report of the Company for the year 2022
To approve the annual report of the Company for financial year ended on 31 December 2022
Resolution (2)
Approval of the Company’s audited set of annual financial statements for the year 2022
To approve the Company’s audited set of annual financial statements for financial year ended 31 December 2022.
Resolution (3)
Distribution of the Company’s profit (loss) for the year 2022
To distribute profit (loss) of the Company earned during financial year ended 31 December 2022 as follows:
(i) Retained profit (loss) brought forward from the previous financial year at the end of the reporting financial year: EUR 2,788,467;
(ii) Net profit (loss) of the reporting financial year: EUR 3,393,817;
(iii) Profit (loss) of the reporting financial year not recognized in the profit (loss) statement: EUR 0;
(iv) Transfers from reserves: EUR 0;
(v) Shareholders’ contributions to cover the losses of the Company: EUR 0;
(vi) Total profit (loss) available for distribution: EUR 6,182,284;
(vii) Portion of profit allocated to the statutory reserve: EUR 0;
(viii) Portion of profit allocated to the reserve for the purchase of own shares: EUR 300,000;
(ix) Portion of profit allocated to the reserve for the granting of own shares: EUR 0;
(x) Portion of profit allocated to other reserves: EUR 0;
(xi) Portion of profit allocated for the payment of dividends: EUR 1,656,534.40 by paying dividends to the Company's shareholders in proportion to the number of shares held by paying EUR 1.7 per share;
(xii) Portion of profit allocated for the payment of annual bonuses to members of the Management Board and the Supervisory Board, payment of incentives to employees and other purposes: EUR 0;
(xiii) Retained profit (loss) at the end of the reporting financial year brought forward to the following financial year: EUR 4,225,749,60.
Resolution (4)
Election of the auditing firm responsible for the audit of the Company’s set of annual financial statements for the financial year ending on 31 December 2023
(i) To elect Grant Thornton Baltic UAB, legal entity code 300056169, registered office at Upės str. 21-1, Vilnius, Lithuania as the auditing firm to carry out the audit of the Company’s set of the annual financial statement for the financial year ending on 31 December 2023;
(ii) To authorize the Managing Director of the Company to sign the audit services agreement with the abovementioned auditing firm.
CEO
Gediminas Kvietkauskas
gediminas@ewa.lt
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