Resolutions From Vilniaus Baldai AB Shareholders Meeting
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Resolutions From Vilniaus Baldai AB Shareholders Meeting
Vilniaus Baldai
General Meeting of Shareholders
The General Shareholders Meeting of VILNIAUS BALDAI AB convened to adopt several important resolutions regarding the company's audit processes.
Agenda Item #1: Audit Company Elections
During the meeting, significant resolutions concerning the selection of an audit company and the conditions for payment for audit services were passed:
1. Approval of Audit Company:
1.1. The shareholders selected Limited Liability Company “Grant Thornton Baltic”, company code 300056169, headquartered in Vilnius, Up?s st. 21-1, to conduct the audit of the Annual Financial Statements for the years 2024-2025.
2. Payment Conditions for Audit Services:
1.2. The following payment terms were established for the auditing services:
- Remuneration for the audit of the Annual Financial Statements and Consolidated Financial Statements for 2024 is set at 34,800 EUR.
- For the 2025 audit, the remuneration is set at 38,300 EUR.
- For verification of the sustainability report for the financial year 2025, the remuneration will be 12,000 EUR. Note that the amounts listed above are exclusive of value-added tax, which will be charged and remitted as stipulated by law.
3. Additional Services and Remuneration:
1.3. Should additional services be required under the audit agreement, the audit company will be compensated for these services. This extra remuneration will be determined based on the hourly rates of the employees from Private Liability Company “Grant Thornton Baltic” involved in delivering these additional services.
4. Timeline for Additional Payment:
1.4. Payment for additional services will be made after their completion.
Contact Information
For further inquiries or details regarding these resolutions, please contact:
Chief Financial Officer
Egidijus Žvaliauskas
Phone No.: +370 (5) 252 57 00
Frequently Asked Questions
1. What was discussed at the Vilniaus Baldai AB shareholders meeting?
The key focus was on resolving the election of the audit company and establishing payment conditions for audit services.
2. Who was chosen as the audit company for Vilniaus Baldai AB?
The Limited Liability Company “Grant Thornton Baltic” was selected to conduct the audits for 2024 and 2025.
3. What are the payment terms for the audit services?
The payment terms include 34,800 EUR for the 2024 audit, 38,300 EUR for the 2025 audit, and 12,000 EUR for the 2025 sustainability report verification.
4. How will the remuneration for additional services be calculated?
The remuneration for additional services will be based on the hourly rates of the employees involved from Grant Thornton Baltic.
5. Who should be contacted for more information about the resolutions?
For more details, you can contact Egidijus Žvaliauskas, the Chief Financial Officer, at +370 (5) 252 57 00.
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