Resolutions of Annual General Shareholders’ Meet

The following resolutions have been adopted at the Annual General Shareholders’ Meeting of Panevezio statybos trestas AB taken place on 21 April 2017: 

1. The conclusions of the audit regarding the Financial Statement and Annual Report of the Company for the year 2016.

Information heard. 

2. The Annual Report of the Company for the year 2016.

Information heard. 

3. Approval of the set of Financial Statements of the Company for the year 2016.

The sets of Consolidated and Individual Financial Statements of Panevezio statybos trestas AB for the year 2016 have been approved. 

4. Appropriation of profit (loss) of the Company for the year 2016.

The following appropriation of profit (loss) of Panevezio statybos trestas AB for the year 2016 has been approved:

4.1. Unappropriated profit (loss) of the previous financial year at the end of the accounting financial year – 31,609,648 EUR;

Dividends paid –    - 261,976 EUR;

Net profit (loss) of the accounting financial year – 1,791,365 EUR;

Profit (loss) of the accounting financial year unrecognized in profit (loss) statement 73,187 EUR;

Transfers from reserves – 0 EUR;

Contributions of shareholders to cover the loss of the Company (in case of the shareholders’ decision to cover all or a part of loss) – 0 EUR;

Total profit (loss) available for appropriation – 33,212,224 EUR;

a part of profit to the legal reserve – 0 EUR;

a part of profit to the reserve for the acquisition of own shares – 0 EUR;

a part of profit to other reserves – 0 EUR;

a part of profit for dividend paying – 1,062,750 EUR;

a part of profit for bonuses (tantiemes) for the members of the Board and Supervisory Board, premium pays for employees and other purposes – 354,195 EUR (the amount including taxes: the social insurance of pension and income taxes)

Unappropriated profit (loss) at the end of the accounting financial year transferred to the next financial year – 31,795,279 EUR.

4.2. To allocate 76,355 EUR from the part of profit for annuity (bonuses) for the members of the Board and Supervisory Board, premium pays for employees and other purposes – 354,195 EUR, to Remigijus Juodvirsis, the Chairman of the Board of Panevezio statybos trestas AB. To obligate Remigijus Juodvirsis, the Chairman of the Board, to appropriate the remaining amount of 277,840 EUR for annuity (bonuses) for the members of the Board and Supervisory Board, premium pays for employees and other purposes to the members of the Board of Panevezio statybos trestas AB in general shareholders‘ meeting in a written decision.

To allocate dividends in the amount of 0.065 EUR for each ordinary share of Panevezio statybos trestas AB of the nominal value of 0.29 EUR.

5. Election of the members for the audit committee.

The following members have been elected to the audit committee:

• Drasutis Liatukas (as an independent member)
• Irena Kriaučiūnienė (as an independent member)
• Lina Rageliene

Dalius Gesevicius

Managing Director

Panevezio statybos trestas AB

Information

Phone: (+370 45) 505 503