Vilniaus Baldai - Notification on material event

Resolutions of the Extraordinary General Shareholders Meeting of Vilniaus baldai AB on 05/07/2016

Vilnius, Lithuania, 2016-07-05 11:21 CEST (GLOBE NEWSWIRE) -- 

On the 05th of July 2016 the Extraordinary General Shareholders Meeting of
Vilniaus baldai AB adopted the following resolutions: 

Agenda item #1: Election of the Audit Company and determination of the
conditions for audit remuneration. 
Resolution:
1.1. To elect KPMG Baltics, UAB, code 111494971, registered address Upes str.
21, Vilnius, audit company certificate No. 001281 to conduct audit of financial
statements for 2016 and 2017 (ending on 31 of August). 
1.2. To set the following remuneration terms:
Remuneration for the audit of financial statements for 2016 shall be equal to
14 500 EUR, VAT is not included and shall be calculated and paid additionally
according to the laws. 
Remuneration for the audit of financial statements for 2017 shall be equal to
14 500 EUR, VAT is not included and shall be calculated and paid additionally
according to the laws. 
1.3. In case additional services are provided under the audit services
contract, additional remuneration shall be paid and it shall be calculated
according to hourly rates of employees of KPMG Baltics, UAB participating in
providing of such additional services. 
1.4. Additional remuneration shall be paid after additional services were
provided. 

Agenda item #2:  Election of the Company's Management Board members.
Resolution:
Reelect Vytautas Bučas, Dalius Kaziūnas and Vaidas Savukynas for the new term
of 4 (four) years to the Management Board of Vilniaus baldai AB. 



         Additional information:
         Head of Finance
         Jonas Krutinis
         Phone No.: +370 (5) 252 57 00