Upcoming Resolutions for VILNIAUS BALDAI AB Shareholders
The Management Board of VILNIAUS BALDAI AB has set forth exciting draft resolutions for the Annual General Shareholders meeting. This gathering promises to be significant as it highlights the company’s performance and future direction.
Consolidated Management and Auditor Reports
Shareholders will be presented with the consolidated management report for VILNIAUS BALDAI, showcasing the company’s achievements and challenges in the last financial year. While there will not be any voting on this issue, it is crucial for shareholders to review the management’s insights closely.
Additionally, an independent auditor's report will be available for evaluation. This report will provide transparency regarding the financial statements of VILNIAUS BALDAI for the preceding year, ensuring that shareholders are well-informed of the company’s financial integrity.
Financial Statements and Profit Distribution
One of the main agenda items will be the approval of the consolidated and company’s financial statements for the fiscal year ending August 31, 2024. This is an essential step for shareholders as it highlights the financial health and operational efficiency of VILNIAUS BALDAI AB.
In conjunction with this, shareholders will consider the proposed distribution of profits. This proposal includes:
(thousand EUR)
Undistributed retained earnings from previous periods amount to 23,024, while the net result for the current year stands at 10,097. After adjusting for profits that aren't recognized, the distributable result totals 33,142.
This proposal also includes dividends of 0.78 EUR per share and bonuses for board members. Such distributions are crucial for attracting and retaining investors, demonstrating VILNIAUS BALDAI AB's commitment to rewarding its shareholders.
Election of New Management Board Members
Another critical item on the agenda will be the election of new members to the Management Board of VILNIAUS BALDAI AB. Proposed candidates include Vytautas Bu?as, Dalius Kazi?nas, and Andrius Anusauskas, who are set to serve a new four-year term.
This election plays a pivotal role in guiding the company through its strategic vision. Strong leadership is essential for navigating the complexities of the business landscape and fostering growth.
Further Information for Shareholders
Shareholders seeking additional information regarding the General Shareholders Meeting can access a wealth of resources on the VILNIAUS BALDAI AB website. Key documents, including notices and draft resolutions, are readily available for review online.
For any inquiries, shareholders are encouraged to contact the company directly at +370 5 2525700. This level of transparency and communication is vital in building trust and engagement within the shareholder community.
As VILNIAUS BALDAI AB moves forward, staying updated on these resolutions will be crucial for stakeholders. The decisions made during this meeting will influence the company’s trajectory and financial well-being in the years to come.
Frequently Asked Questions
What is on the agenda for the Annual General Shareholders Meeting?
The agenda includes the consolidated management report, independent auditor's report, approval of financial statements, profit distribution, and election of new board members.
When will the Annual General Shareholders Meeting take place?
The meeting is scheduled for the end of December, a pivotal time for reviewing the company's annual performance.
How will the profits be distributed among shareholders?
Profits will be distributed with dividends amounting to 0.78 EUR per ordinary share and additional bonuses for board members.
Who are the proposed new board members?
The proposed new board members include Vytautas Bu?as, Dalius Kazi?nas, and Andrius Anusauskas.
Where can shareholders find more information?
Shareholders can find additional information on VILNIAUS BALDAI AB’s website, including notices and draft resolutions related to the meeting.
