Vilnius, Lithuania, 2016-07-25 08:40 CEST (GLOBE NEWSWIRE) --
Agenda:
1. Regarding the Company's restructuring;
2. Regarding increase of authorised capital of the Company;
3. Regarding withdrawal of the pre-emptive rights of the Company’s shareholders to acquire newly issued shares of the Company; granting of the right to acquire newly issued shares of the Company;
4. Regarding approval of the new wording of the Bylaws of the Company.
I. Resolutions
1. Regarding the Company's restructuring
1.1. To restructure AB “Dvarčionių keramika”, company code 110628481, registered address: Keramikų str. 2, Vilnius, Vilnius City Municipality.
1.2. To approve the outline of restructuring plan of AB “Dvarčionių keramika” drawn at the initiative of the Company's Board (attached).
1.3. To assent candidate to the restructuring administrator of AB “Dvarčionių keramika” suggested by the Company's Board, i.e. UAB Restrus (company code 145397810, order number in the List JA1, date of inclusion into the List 03 September 2001, registered at Konstitucijos str. 12-322, LT-09308 Vilnius).
1.4. To commission Managing Director of the Company Liudmila Suboč on the terms and conditions established in the Companies Restructuring Law to make a claim to the court for initiating restructuring case for AB “Dvarčionių keramika”.
1.5. To commission Managing Director of the Company Liudmila Suboč to suggest to the court to determine the administration expenses estimate of EUR 10,000.00, excl. VAT, for AB “Dvarčionių keramika” for the period from the day of entry into effect of the court decision regarding initiating company's restructuring case until the day of entry into force of the decision on approval of the company's restructuring plan.
1.6. To commission Managing Director Liudmila Suboč to suggest to the court to establish six months period for preparation of a restructuring plan for AB “Dvarčionių keramika” and its submission to the court.
2. Regarding increase of authorised capital of the Company
2.1. To increase the authorized capital of AB “Dvarčionių keramika”, company code 110628481, registered address: Keramikų str. 2, Vilnius, Vilnius City Municipality, by EUR 3,500,000.14, i. e. from EUR 5,745,166.80 to EUR 9,245,166.94. The authorized capital of the Company shall be increased by additional monetary contributions equal to EUR 3,500,000.14.
2.2. To set that authorized capital of AB “Dvarčionių keramika” is being increased by issuing 6,034,483 new ordinary registered shares with par value of 0.58 EUR each (the “New Shares”). Issue price of each New Share is equal to EUR 0.58. Total issue price of all the New Shares is equal to EUR 3,500,000.14.
2.3. To set that the decision of shareholders of AB “Dvarčionių keramika” to increase the authorized capital of AB “Dvarčionių keramika” by the amount of EUR 3,500,000.14 shall automatically become null and void in case, until full payment for the New Shares, (i) a bankruptcy case of AB “Dvarčionių keramika” is instituted by an effective decision of a court or (ii) restructuring plan of AB “Dvarčionių keramika” fails to be approved in timely manner in the case of restructuring of AB “Dvarčionių keramika”. In case of abovementioned termination of the decision to increase the authorized capital of AB “Dvarčionių keramika”, all money paid for the respective new shares shall be immediately returned.”
3. Regarding withdrawal of the pre-emptive rights of the Company’s shareholders to acquire newly issued shares of the Company; granting of the right to acquire newly issued shares of the Company
3.1. Taking into account Article 57(5) of the Law on Companies of the Republic of Lithuania and with the aims of achieving the goals indicated in the outline of restructuring plan of AB “Dvarčionių keramika” as well as improving the financial standing of AB “Dvarčionių keramika”, to withdraw the rights of first refusal of all shareholders of AB “Dvarčionių keramika” to acquire newly issued shares and set that all 6,034,483 newly issued ordinary registered shares of the AB “Dvarčionių keramika” shall be acquired for EUR 3,500,000.14 by an individual entrepreneurship incorporated and operating under the laws of the Russian Federation IP Michele Pulpito, legal entity code 314774626601121, registered office at Centralnaja str. 18/51, Pervomajskoe, Moscow, Russian Federation.
3.2. To set that Share Subscription Agreement of the New Shares must be concluded in 1 month following adoption of the shareholders’ decision to increase authorized capital of AB “Dvarčionių keramika”. All the New Shares have to be paid up in 12 months following subscription of the shares – part of the price of New Shares equal to EUR 250,000 shall be transferred to an escrow account opened by a notary public in 5 business days following coming into force of a court’s decision to start restructuring case of AB “Dvarčionių keramika” and the remaining part of price of the New Shares shall be paid in 15 business days following adoption of a court’s decision to approve a restructuring plan of AB “Dvarčionių keramika”. Detailed terms and conditions of settlement for the New Shares shall be indicated in Share Subscription Agreement.”
4. Regarding approval of the new wording of the Bylaws of the Company:
4.1. With regard to the adopted decision to increase the authorized capital of AB “Dvarčionių keramika”, to amend paragraph 3.1 of Articles of Association of AB “Dvarčionių keramika” and to read it as follows: 3.1. The Authorized capital of the Company consists of contributions of shareholders and is 9,245,166.94 EUR. It is divided into 15,939,943 ordinary registered shares with nominal value of EUR 0.58.
Also, to change the parts of Articles of Association of AB “Dvarčionių keramika” that have to be changed in relation to decrease of number of Board members of AB “Dvarčionių keramika” to 4.
4.2. With regard to the resolution above, to amend the Articles of Association of AB “Dvarčionių keramika” and to approve their new wording (attached).
4.3. To authorize General Director of Company Liudmila Suboč to solely sign the new wording of the Articles of Association as well as to prepare and sign any documents, requests, statements, forms, submit them or withdraw and perform any action in the competent authority, which are required by the company for the new wording of Articles of Association of the Company to be registered with the Register of Legal Entities of the Republic of Lithuania.
Attachments:
- Outline of restructuring plan;
- New wording of Articles of Association of the Company;
3. Notice of the Board on revocation of pre-emptive rights of shareholders.
General Director Liudmila Suboč
Tel. +370 5 2317021
Ludmila Suboč +37052317021 l.suboc@keramika.lt
