Apranga - Notification on material event

Resolutions of the Annual General Meeting of Apranga APB shareholders

Vilnius, Lithuania, 2016-04-28 12:12 CEST (GLOBE NEWSWIRE) -- The Annual
General Meeting of APRANGA APB (hereinafter “Company”) shareholders held on 28
April 2016 has resolved the following: 

1. Consolidated annual report on the activities of the Company in 2015.

Resolution:

Taken for the information consolidated annual report of the Company for the
year 2015, prepared by the Company, assessed by the auditors and approved by
the Board. 

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
2015. 

Resolution:

Approve the annual Consolidated and Company‘s financial statements for the year
2015 (attached). 

4. Company's profit (loss) allocation for the year 2015.

Resolution:

Approve the Company's profit (loss) allocation for the year 2015:

1) The unappropriated profit of the preceding financial year at the close of
the reporting financial year: EUR 11 610 552; 

2) The net profit of the reporting financial year: EUR 8 658 908;

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: EUR 20 269 460;

7) The share of profit allocated to the mandatory reserve: EUR 2 633;

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*: EUR 6 635 035;

11) The share of profit for the payment of annual bonuses: EUR 210 000;

12) Unappropriated profit at the close of the reporting financial year and
brought forward to the next financial year: EUR 13 421 792. 

* EUR 0.12 per one share.

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

Resolution:

To elect UAB “PricewaterhouseCoopers” as APB APRANGA firm of auditors for the
year 2016. To set the amount of the fee payable for audit services for the year
2016 - not more than EUR 20 000 plus VAT. To authorize the Company's CEO to
sign the audit services agreement with firm of auditors. 




         Rimantas Perveneckas
         Apranga Group Director General
         +370 5 2390801

Attachments:

APG IFRS 2015 EN.pdf