The following resolutions have been adopted at the Extraordinary General Meeting of Shareholders held on 3 October 2016:
1.Selection of an audit company and pricing of audit services.
1.1.KPMG Baltics UAB has been selected as an auditor to carry out the audit of the financial statement packages and annual reports of Panevezio statybos trestas AB and the companies of Panevezio statybos trestas AB Group for the year 2016. To pay the amount not exceeding 42 700 (forty two thousand seven hundred) Euros, VAT excluded, for the audit/review of the financial statement packages and annual reports of all companies of Panevezio statybos trestas AB Group for the year 2016, except the companies of Panevezio statybos trestas AB Group located in Latvia, Poland and Sweden, Territorija OOO located in Vologda Region and Baltlitstroj OOO located in Kaliningrad Region, both in Russia. To pay the amount not exceeding 27 100 (twenty seven thousand one hundred) Euros, VAT excluded, for the audit of the financial statements and annual report of Panevezio statybos trestas AB for the year 2016.
1.2.The auditors for carrying out the audit in the companies of Panevezio statybos trestas AB Group located outside the European Union following the legal acts regulating accounting and audits in the countries thereof, are to be selected at the discretion of the General Meetings of Shareholders at these companies considering the possibilities of these audit companies at the same time to carry out the review/audit of the financial statement package of the relevant company belonging to Panevezio statybos trestas AB Group for consolidation purposes. Payment for these audit services is not included in the payment for the audit of the financial statement packages and annual reports of the companies of Panevezio statybos trestas AB Group, specified in item 1.1. hereinabove.
1.3.To provide for the possibility in the companies of Panevezio statybos trestas AB Group, Baltlitstroj OOO and Territorija OOO, located in Russia, to select an auditor to carry out the audit following the legal acts regulating audit and accounting at the relevant country at the discretion of the General Meeting of Shareholders of the companies thereof and the review of the financial statement package for consolidation purposes/audit for consolidation purposes will be carried out by KPMG Baltics UAB. In these cases the payment for the services thereof will be added to the amounts specified in item 1.1. hereinabove.
1.4.To delegate the Managing Director of Panevėžio statybos trestas AB:
1.4.1.Upon a written consent by Arturas Bucas, to sign the contract (and/or its appendixes) for audit carrying out the audit of the financial statement packages and annual reports for the year 2016, any integral parts of such contract, amendments of, additions to the contract, hand-over statements and any other documents related to the proper implementation of the decision;
1.4.2.To initiate the General Meetings of Shareholders at the companies of Panevezio statybos trestas AB Group, by means of participation at the meetings thereof to ensure selection of the relevant auditor and following the procedure defined in item 1.5. hereinbelow by these companies and their subsidiary companies.
1.5.The contracts for the provision of the audit/review services at the companies of Panevezio statybos trestas AB Group shall be signed by the Directors of the companies thereof upon a written consent by Arturas Bucas provided the relevant audit processes are related to the audit of the financial statements of Panevezio statybos trestas AB. The copies of the contracts and audit reports shall be provided to the parent companies within 7 (seven) days from their signature.
For more information contact:
Dalius Gesevicius
Managing Director
Panevezio statybos trestas AB
Phone: (+370 45) 505 503
