Vilniaus Baldai - Notification on material event

Resolutions of the Annual General Shareholders Meeting of Vilniaus baldai AB on 20/12/2016

Vilnius, Lithuania, 2016-12-20 11:03 CET (GLOBE NEWSWIRE) -- 

On the 20th of December 2016 the Annual General Shareholders Meeting of
Vilniaus baldai AB adopted the following resolutions: 

Agenda item #1: Consolidated annual report.
The Company‘s consolidated annual report for the FY 2016 ended 31 August 2016.

Agenda item #2: Company's auditor's report.
The report of auditor KPMG Baltics UAB for the FY 2016 ended 31 August 2016 was
presented. 

Agenda item #3: Approval of the Company's financial statements for the FY 2016
ended 31 August 2016. 
Resolution: to approve Company's financial statements for the FY 2016 ended 31
August 2016. 

Agenda item #4: Approval of the Company‘s consolidated financial statements for
the FY 2016 ended 31 August 2016. 
Resolution: to approve Company‘s consolidated financial statements for the FY
2016 ended 31 August 2016. 

Agenda item #5: Approval of the Company‘s profit distribution.
Resolution: to approve Company‘s profit distribution.

Undistributed retained earnings, brought forward                       3 023 764
                                                                             EUR
--------------------------------------------------------------------------------
Net result for the current year                                        3 237 730
                                                                             EUR
--------------------------------------------------------------------------------
Profit (loss) not recognized in the income statement of the           21 064 EUR
 reporting financial year                                                       
--------------------------------------------------------------------------------
Distributable result                                                   6 282 558
                                                                             EUR
--------------------------------------------------------------------------------
Transfers to the obligatory reserves                                           -
--------------------------------------------------------------------------------
Transfers to other reserves                                                    -
--------------------------------------------------------------------------------
To be paid as dividends*                                               1 049 292
                                                                             EUR
--------------------------------------------------------------------------------
To be paid as annual payments (bonus) to the Board members            90 000 EUR
--------------------------------------------------------------------------------
Undistributed retained earnings, carried forward                     5 143 266  
                                                                      EUR       
--------------------------------------------------------------------------------

* 0.27 EUR dividends per one ordinary share.


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