Decisions Made at Apranga APB's Annual General Meeting
The Annual General Meeting of Akcin? prekybos bendrov? “APRANGA” had a productive session recently, where members made impactful resolutions concerning the company's future. This gathering is not just a routine formality; it holds significant weight in the financial and operational directions of the company.
Review of Management Reports
The meeting commenced with a thorough review of the consolidated management report related to the Company's activities over the past year. This report offers an insightful overview of the company's performance in 2024, vetted by auditors and accepted by the Board, underscoring the commitment to transparency and accountability in corporate governance.
Acknowledgement of Auditor's Reports
In another key decision, the auditors presented their report on the Company's financial and management statements, reinforcing the reliability of the financial disclosures and sustainability practices adopted by the company. This recognition is crucial for maintaining stakeholders' confidence.
Approval of Financial Statements
One of the most critical resolutions was the approval of the consolidated and individual financial statements for 2024. By officially approving these financial documents, the shareholders emphasize their trust in the company's financial health and its strategic direction.
Profit Allocation for the Year
Another highlight from the meeting was the decision regarding the allocation of the Company's profit or loss for the past year. The shareholders agreed to follow the proposed draft for profit sharing presented during the session, ensuring that the allocation reflects the best interests of the stakeholders while allowing for future growth investments.
Appointment of Independent Auditors
Moreover, the meeting included the substantial decision to appoint UAB “ERNST & YOUNG BALTIC” as the official auditors for 2025. The fee for these essential services was confirmed to be capped at EUR 81,000, along with VAT. This decision not only assures quality auditing services but also reflects the company’s commitment to maintaining high standards in financial reporting and sustainability efforts.
Establishment of the Audit Committee
As part of the governance improvements, Apranga APB took the opportunity to elect new members to the Audit Committee. This committee plays a vital role in oversight and compliance, vital for maintaining stakeholder trust and following best practices in corporate governance.
Appointment Details
The newly elected members include Rita Zakalskien?, appointed as Chairwoman of the Audit Committee, alongside Justina Puškor? and Julita Justien?, the latter being a new member. By selecting such qualified individuals, the company ensures strong oversight moving forward.
Looking Forward
As they move forward, these resolutions will shape the operational framework and financial strategies of Akcin? prekybos bendrov? “APRANGA.” Stakeholders can expect diligent adherence to corporate governance and an unwavering commitment to sustainable business practices.
CEO Statement
Rimantas Perveneckas, the General Manager of Apranga Group, expressed optimism about the decisions made during the meeting. He noted the strategic focus on transparency, accountability, and sustainable growth as key drivers for the future.
Frequently Asked Questions
What were the main resolutions from the Annual General Meeting?
Key resolutions included the approval of financial statements, profit allocation decisions, and auditor appointments for the coming year.
Who will be the auditors for Apranga APB in 2025?
UAB “ERNST & YOUNG BALTIC” has been appointed as the auditors for 2025.
What is the approved fee for audit services?
The approved fee for audit and sustainability reporting assurance services is not more than EUR 81,000 plus VAT.
How will profits be allocated for 2024?
The profit allocation for 2024 will follow the draft proposal accepted during the meeting, which outlines how profits will be utilized.
What is the role of the Audit Committee?
The Audit Committee monitors the overall management of the company and ensures compliance with financial reporting and governance standards.
