Overview of the Draft Resolutions for VILNIAUS BALDAI AB
The Management Board of VILNIAUS BALDAI AB has recently drafted resolutions in anticipation of the Annual General Shareholders Meeting scheduled for late December 2025. These proposals outline the essential steps forward for the company and address critical financial matters.
Consolidated Management Report
Shareholders will receive the Consolidated Management Report, providing insights into the company's financial performance for the financial year 2025. This report will not require any voting, but it serves as a valuable overview of the company's achievements and challenges.
Company's Auditor's Report
Another significant agenda item is the independent auditor's report. This report evaluates the financial statements of VILNIAUS BALDAI for 2025, ensuring transparency and accountability in financial practices.
Financial Statements Approval
One of the key decisions the shareholders will make is the approval of the consolidated and company financial statements for the year ending August 31, 2025. This approval will validate the company's fiscal health and guide future investments.
Distribution of Company Profit
Furthermore, the meeting will cover how the company plans to distribute its profits based on its financial results. As outlined in the draft resolutions, the distributable results will be reviewed, including the net profit and any retained earnings from the previous financial year. Notably, the proposal indicates dividends of 0.78 EUR per ordinary share, reflecting the company's commitment to sharing its success with shareholders. Here’s a breakdown of the proposed profit distribution:
Undistributed retained earnings at the beginning of the financial year stand at 29,874,000 EUR, with a net profit of 4,520,000 EUR recorded for the financial year 2025. Together, these lead to a total distributable result of 34,407,000 EUR. The proposal also includes allocations for dividends amounting to 3,031,000 EUR and annual payments of 100,000 EUR to Board members, while ensuring adequate retained earnings for future operations.
Election of Audit Committee Members
The election of new members to the Audit Committee is another crucial aspect of the meeting. VILNIAUS BALDAI AB plans to elect three members for a four-year term. Proposed candidates include Tomas Bubinas and Danut? Kadanait? as independent members, along with Vaidas Savukynas. Tomas Bubinas is also set to take the role of Chair of the Audit Committee, positioning him to play an important part in overseeing the company’s financial accountability and integrity.
Approval of the Remuneration Policy
Additionally, the assembly will discuss and approve the Remuneration Policy of the company. This policy outlines the guiding principles for compensating the company's executives and board members, ensuring alignment with the company’s performance and strategic goals. Effective compensation strategies are necessary for attracting and retaining top talent within the organization.
Channel for Shareholder Inquiries
Shareholders looking to gain further insights or details about the forthcoming meeting and its agenda can find relevant materials on the VILNIAUS BALDAI AB official website. They are also welcome to visit the company’s office located in Pramon?s st. 23 and can reach out to the Chief Financial Officer, Egidijus Žvaliauskas, at +370 5 252 5700 for additional inquiries.
Frequently Asked Questions
What is the date of the Annual General Shareholders Meeting?
The meeting is scheduled for December 30, 2025.
What key financial documents will be presented to shareholders?
The Consolidated Management Report and the Auditor's Report will be presented, alongside financial statements requiring approval.
Are there dividends proposed for the shareholders?
Yes, a dividend of 0.78 EUR per ordinary share is proposed.
Who will be elected to the Audit Committee?
Tomas Bubinas, Danut? Kadanait?, and Vaidas Savukynas are the proposed members for the Audit Committee.
How can shareholders get more information?
Information is available on the company website and by contacting the company's office directly.
