2014-04-29 15:43:25 CEST
2014-04-29 15:44:28 CEST
REGULATED INFORMATION
Klaipedos Baldai AB - Notification on material event
Resolutions adopted by the General Shareholders meeting of “Klaipėdos baldai“, held on 2014 APRIL 29th
Resolutions adopted by the General Shareholders meeting, held on 2014 APRIL
29th:
1. The supervisory council reviews and proposals concerning the financial
accountability of SC "Klaipėdos baldai" for 2013, profit distribution Project
and company report for 2013 by the board meeting.
Resolution: approve the supervisory council auditor .
2. The auditor report concerning the financial accountability of SC "Klaipėdos
baldai" for 2013.
Resolution: approve the report auditor.
3. Financial accountability consolidation for 2013.
Resolution: approve the financial accountability for 2013.
4. Profit distribution for 2013.
Resolution: approve the profit distribution as it follows:
Distribution of profit of the year 2013 (draft)
Articles Amount in Amount in
thousands thousands
LTL EUR
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Profit (loss) brought forward from the previous 53 484 15 490
financial year at the end of the current financial
year
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Net profit (loss) for the current financial year 4 611 1 335
--------------------------------------------------------------------------------
Profit (loss) of financial year not recognized in 66 19
the statement of comprehensive income
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Transferred depreciation of revaliuation reserve 983 285
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Transfer to reserve for acquisition of own shares (1 000) (290)
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Distributable profit 58 144 16 839
--------------------------------------------------------------------------------
Distribution of the profit:
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- to legal reserves - -
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- to reserve acquisition for own shares (10 000) (2 896)
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- to other reserves - -
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- dividends - -
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- other - -
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Undistributed result - profit (loss) at the end of 48 144 13 943
the financial year
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5. The approving of the auditor for 2014, the establishment of the rate for the
report.
To extend the audit services contract with company - “Ernst & Young Baltic”
for Year 2014. Set an annual fee for the audit services 36 000 Lt plus VAT.
Resolution: approve the extendation of the audit services contract with the
company - “Ernst & Young Baltic” for Year 2014.
6. To annul 177 424 ordinary shares held by the Company by the ownership right,
of 1 litas par value each, ISIN code LT0000102972.
Resolution: confirm annulment of ordinary shares held by the Company by the
ownership right.
7. To reduce the Company's authorised capital from 7 749 249 Lt to 7 571 825
Lt. The purpose of reduction of the Company's authorised capital - cancellation
of the Company's treasury shares. The Company's authorised capital shall be
reduced by way of annulment of the Company's treasury shares indicated in
decision No. 6.
Resolution: confirm reduction of the Company‘s authorised capital.
8. To amend the By-laws of the Company.
Resolution: approve the new formulation of the By-laws.
The Manager of the Company shall be authorised to sign the new formulation
of the By-laws and to apply to the notary public and the Register of Legal
Entities as well as to sign all the related documents required for registration
of the new formulation of the By-laws.
9. Resolution of share buy-back.
a) To buy up to 10 percent of company shares.
b) The purpose of acquisition of own shares - to allow SC "Klaipedos baldai"
shareholders to sell their shares by signing a share purchase agreement in SEB
Bank's customer service departments, whereafter the company has adopted a
decision to remove the company's shares from the Stock Exchange of AB NASDAQ
OMX Vilnius Secondary List and no longer offer shares publicly.
c) The period during which the company may buy own shares is 12 months from the
decision taking date.
d) To set up the maximum price per share for own shares to be purchased - 2.83
EUR (9,77 LTL), respectively, a minimum price of one share - equal to the
nominal value per share, that is, 0.290 EUR (1,00 LTL).
e) To authorize the Board to organize the share buy-back, establish share
buying and selling procedures, time, number of shares and price, perform other
related activities in accordance with the conditions set out in this resolution
and requirements set by Republic of Lithuania Law on Companies.
Resolution: approve the share buy-back resolution.
SC „Klaipėdos baldai“
Director
Vidas Mišeikis
For supplementary information contact:
Public Relations Manager of Concern “SBA”
Goda Januškevičiūtė
Tel. +370 612 07 187
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