Apranga APB - Notification on material event

Resolutions of the Annual General Meeting of Apranga APB shareholders

Vilnius, Lithuania, 2012-04-27 12:13 CEST (GLOBE NEWSWIRE) -- The general
shareholders meeting held on 27 April 2012 has resolved the following: 

1. Consolidated annual report on the activities of the Company in 2011.

Resolution:

Approve consolidated annual report on the activities of the Company in 2011.

2. Auditor's report on the Company's financial statements and annual report.

Resolution:

Taken for the information.

3. Approval of the consolidated and Company's financial statements for the year
2011. 

Resolution:

Approve the annual consolidated and Company‘s financial statements for the year
2011 (attached). 

4. Company's profit (loss) allocation for the year 2011.

Resolution:

Approve the Company's profit (loss) allocation for the year 2011:

1) The unappropriated profit of the preceding financial year at the close of
the reporting financial year: LTL 16 780 050 (EUR 4 859 838); 

2) The net profit of the reporting financial year: LTL 26 712 397 (EUR 7 736
445); 

3) The profit (loss) of the reporting financial year not recognized in the
profit (loss) account - none; 

4) Transfers from the reserves - none;

5) The shareholders' contributions to cover the losses of the company - none;

6) The total profit available for appropriation: LTL 43 492 447 (EUR 12 596
283); 

7) The share of profit allocated to the mandatory reserve: LTL 1 350 000 (EUR
390 987); 

8) The share of profit allocated to the reserve for acquiring own shares - none;

9) The share of profit allocated to other reserves - none;

10) The share of profit for the payment of dividends: LTL 20 458 025 (EUR 5 925
054); 

11) The share of profit for the payment of annual bonuses: LTL 720 000 (EUR 208
526); 

12) Unappropriated profit at the close of the reporting financial year and
brought forward to the next financial year: LTL 20 964 422 (EUR 6 071 716). 

5. Election of auditors and establishment of the terms of remuneration for
audit services. 

Resolution:

Elect UAB PricewaterhouseCoopers as APB Apranga auditor for the year 2012. Set
the amount of the fee payable for audit services for the year 2012 - not more
than LTL 91 000 plus VAT. Authorize the Company's CEO to sign the audit
services agreement with UAB PricewaterhouseCoopers. 

6. Election of independent member of the audit committee.

Resolution:

Elect Daiva Paulavičienė as APB Apranga independent member of the audit
committee till the end of term of current audit committee. 




         Rimantas Perveneckas
         Apranga Group Director General
         +370 5 2390801

Attachments:

APG IFRS 2011 EN.pdf