Lietuvos Juru Laivininkyste - Notification on material event

Resolutions of the General Meeting of shareholders of PC " Lithuanian shipping company " of 17 April 2015

Klaipeda , Lithuania, 2015-04-17 14:25 CEST (GLOBE NEWSWIRE) -- 

1. The Annual report of the PC “Lithuanian shipping company” for the year 2014
is heard. 

2.The report of independent Auditor is heard.

3.The financial statements the year 2014 of PC “Lithuanian shipping company”
are approved. According to the financial statements the company's assets on
31st December 2014 - 131.180 thousands LTL (37.992 thousands EUR), own capital
- 60.020 thousands LTL (17383 thousands EUR), net loss of the financial year
-21.800 thousands LTL (- 6314 thousands EUR). 

4.It has been resolved to approve the profit (loss) distribution of PC
“Lithuanian shipping company”: 



No.                                                              Profit (loss)  
                                                                 distribution   
                                                                   LTL (EUR)    
--------------------------------------------------------------------------------
    1.  Retained profit (losses) of the previous financial      - 1.046.676,79  
         year at the end of the accounting year                  (-303.138,55)  
--------------------------------------------------------------------------------
        Net profit of the reporting financial year                              
--------------------------------------------------------------------------------
    2.  Profit to be appropriated of the end of reporting       -21.800.719,44  
         financial year                                        (-6.313.924,77)  
--------------------------------------------------------------------------------
    3.  Transfers from reserve's                                -22.847.396,23                   (-6.617.063,32)  
--------------------------------------------------------------------------------
    4.  Profit to be appropriated in total                             0        
--------------------------------------------------------------------------------
    5.  Profit to be appropriated                                      0        
--------------------------------------------------------------------------------
    6.  Profit appropriated to next reserves:                                   
--------------------------------------------------------------------------------
        Statutory                                                               
--------------------------------------------------------------------------------
   6.1  Premiums to be paid to the employees                           0        
--------------------------------------------------------------------------------
   6.2  Social-cultural needs                                          0        
--------------------------------------------------------------------------------
   6.3  To other reserves:                                             0        
--------------------------------------------------------------------------------
   6.4  Investments                                                             
--------------------------------------------------------------------------------
 6.4.1  Dividend payment                                               0        
--------------------------------------------------------------------------------
6.4.2.  Retained profit brought forward to the next year               0        
--------------------------------------------------------------------------------
   6.6  Retained profit (losses) of the previous financial      -22.847.396,23  
         year at the end of the accounting year                (-6.617.093,32)  
--------------------------------------------------------------------------------







Arvydas  Stropus

Chief Accountant

(370 46) 393126

Attachments:

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014.pdf