Resolutions of the General Meeting of Shareholders
Post# of 301275
Alytus, Lithuania, 2017-04-26 11:29 CEST (GLOBE NEWSWIRE) -- The General Meeting of shareholders of Snaige AB was held on 25 April 2017.
At the meeting was made following resolutions:
- THE AGENDA QUESTION: Consolidated annual report of Snaigė AB on the company’s activity for 2016. In the meeting taken for information the consolidated annual report of Snaigė AB on the company’s activity for 2016.
- THE AGENDA QUESTION: Auditor’s conclusion on the company’s financial statements for 2016. In the meeting taken for information with the auditor’s conclusion on the company’s financial statements for 2016.
- THE AGENDA QUESTION: Approval of the set of financial statements of the company for 2016. THE DECISION: The set of financial statements of the company for 2016 has been approved
- THE AGENDA QUESTION: Approval of distribution of profit (loss) of Snaigė, AB for 2016. THE DECISION: The distribution of profit (loss) of Snaigė,AB for 2016 has been approved:
| Non-distributed profit (loss) at the end of the last financial year EUR (3,332,035) |
| Net result - profit (loss) of financial year EUR 1,088,023 |
| Non recognized profit (loss) in the profit (loss) statement EUR 125,661 |
| The reduction of the authorized capital EUR 3,169,792 |
| Transfers from reserves EUR 885,477 |
| for social and cultural needs EUR 0 |
| for investments EUR 0 |
| Transfers from reserve foreseen by law EUR 885,477 |
| Transfers from reserve of share premium for covering of loss EUR 0 |
| Contributions of shareholders to cover loss EUR 0 |
| Distributable profit (loss) EUR 1,936,918 |
| Portion of profit allocated to reserves foreseen by law EUR 946,161 |
| Portion of profit allocated to other reserves EUR 0 |
| for support and charity EUR 0 |
| for social and cultural needs EUR 0 |
| Portion of profit allocated for payment of dividends EUR 950,937.48* |
| Portion of profit allocated for payment of premiums EUR 0 |
| Portion of profit allocated for payment of tantiemes EUR 0 |
| Other: EUR 0 |
| portion of profit allocated to reserve for acquisition of own shares EUR 30,000 |
| portion of profit allocated to reserve for investments EUR 0 |
| Non-distributed result - profit (loss) at the end of financial year EUR 9,819.52 |
*Dividends for the year 2016 are allocated to 39,622,395 shares, i.e. 0.024 eur per share (before taxes).
5. THE AGENDA QUESTION: Board member(-s) election. THE DECISION: For the term until the end of term of the Company’s Board to elect the candidate(-s) Natalia Tsvetkova and Nataliia Sukhanova. The General Manager of the Company was authorized (including the power to delegate) to perform all necessary actions, sign and submit documents related with changed information to the Register of Juridical persons.
6. THE AGENDA QUESTION: Election of the audit firm for auditing purposes of financial statements and establishment of terms regarding the payment for audit services. THE DECISION: UAB KPMG Baltics has been elected for 2017 auditing purposes of annual financial statements. The General Director was authorized (with the right to delegate) of the company to sign the agreement with the audit firm by establishing the terms of payment for the audit services and other terms.
Managing Director Gediminas Čeika +370 315 56206
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