Vilniaus Baldai AB - Notification on material event

Resolution of the Extraordinary General Shareholders Meeting

Vilnius, Lithuania, 2012-10-24 09:44 CEST (GLOBE NEWSWIRE) -- 

On the 24th of October 2012 the Extraordinary General Shareholders Meeting of
Vilniaus baldai AB adopted the following resolution: 

Item 1 of the agenda: regarding election of the audit company and setting the
conditions of payment for the audit services. 

Resolution:

1.1. To elect joint-stock company PricewaterhouseCoopers, code 111473315,
located at municipality of Vilnius city, Vilnius, J. Jasinskio str. 16B, audit
company‘s certificate No. 001273, to audit annual financial statements of the
financial years 2012-2013. 

2.1. To set the conditions of payment for the audit services:
2.1.1. the main remuneration for the audit of each year's set of annual
financial statements -     75 000 LTL (seventy five thousand Litas) for each
year. VAT is not included in this amount and is calculated and paid
additionally according to the laws; 
2.1.2. in case additional services are provided under the agreement on audit
services, additional remuneration is paid to the audit company. Additional
remuneration is determined according to join-stock company
PricewaterhouseCoopers employees who are involved in providing additional
services hourly rates; 
2.1.3. additional remuneration is paid after the additional services are
provided. 



Additional information:
Chief Financial Officer
Ausra Kibirkstiene
Phone No.: +370 (5) 2525720