Vilkyskiu Pienine - General meeting of shareholders

Decisions taken at the ordinary general meeting of the shareholders, held on 27 April 2018



The following decisions were taken at the Ordinary General Meeting of Shareholders of Vilkyskiu pienine AB which was held on the 27 April 2018:

Item 1 of the Agenda: Approval of Company's consolidated annual report for the year 2017.

Resolution: The consolidated annual report of the Company for the year 2017 has been approved.

Item 2 of the Agenda: Auditor‘s Report regarding the Company’s consolidated and separated financial Statements for 2017.

Heard.

Item 3 of the Agenda: Approval of Company's separated and consolidated financial statement for the year 2017.

Resolution: Company's separated and consolidated financial statements for the year 2017 has been approved.

Item 4 of the Agenda: Profit appropriation for the year 2017.

Resolution: The non-appropriated profit (loss) appropriation as follows under IAS was approved:

thousand EUR
1) Non-appropriated profit (loss) at the end of the year 201616,822
2) Approved by shareholders dividends of the year 2016(1,433)
3) Transfers from other reserves136
4) Non-appropriated profit (loss) at the beginning of the current financial year after dividends payout and transfer to reserves15,525
5) Net profit (loss) of the reporting period6,202
6) Net profit to be appropriated at the end of the current financial year21,727
7) Transfers from reserves2,508
8) Total profit (loss) to be appropriated:24,235
  • 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
(1,672)
  • 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 year22,563

*it will be allocated 0.14 eur per ordinary registered share. In total to the dividends payout Eur 1,672,020 eur.

Item 5 of the Agenda: Regarding the unused reserve for purchasing of own shares.

Resolution: The decision to revoke the unused reserve for the purchase of own shares was approved.

Item 6 of the Agenda: Election of the Company’s Board members for 4 year term.

Resolution: Gintaras Bertašius, Sigitas Trijonis, Rimantas Jancevičius, Vilija Milaševičiutė, Andrej Cyba and Linas Strėlis were elected as members of the Company’s Board for the four year term.
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Vilija Milaseviciute

Economics and Finance director

Phone +370 441 55102