Vilniaus Baldai AB - Notification on material event

Resolutions of the Annual General Shareholders Meeting of Vilniaus baldai AB on 29/04/2014

Vilnius, Lithuania, 2014-04-29 15:20 CEST (GLOBE NEWSWIRE) -- 

On the 29th of April 2014 the Annual General Shareholders Meeting of Vilniaus
baldai AB adopted the following resolutions: 

Item1 of the Agenda: Consolidated annual report.
The Company‘s consolidated annual report for 2013 was presented.

Item2 of the Agenda: Company's auditor's report.
The report of auditor PricewaterhouseCoopers UAB for 2013 was presented.

Item3 of the Agenda: Approval of the Company's financial statements for 2013.
Resolution: to approve Company's financial statements for 2013.

Item4 of the Agenda: Approval of the Company‘s consolidated financial
statements for 2013. 
Resolution: to approve Company‘s consolidated financial statements for 2013.

Item5 of the Agenda: Approval of the Company‘s profit distribution.
Resolution: to approve Company‘s profit distribution.

Undistributed retained earnings, brought forward    29 857 089 LTL    8 647 210
EUR 
Net result for the current year                                   14 339 430
LTL    4 152 986 EUR 
Profit (loss) not recognized in the income
statement of the reporting financial year                          57 789 LTL  
      16 737 EUR 
Transfer from the reserve for own shares
acquisition                                                                 25
000 000 LTL     7 240 500 EUR 
Distributable result                                                    69 254
308 LTL    20 057 433 EUR 
Transfers to the obligatory reserves                                     -     
                      - 
Profit transfers to the reserves for own
shares acquisition                                                             
   -                            - 
Transfers to other reserves                                                   -
                          - 
To be paid as dividends for the period shorter
than financial year (30 June, 2013)*                         34 976 403 LTL   
10 129 866 EUR 
To be paid as dividends**                                         34 199 150
LTL      9 904 758 EUR 
To be paid as annual payments (bonus) to board of             -     
          - 
Undistributed retained earnings, carried forward            78 755 LTL         
  22 809 EUR 
*9 LTL (2.61 EUR) of dividends per one ordinary share
**8.8 LTL (2.55 EUR) of dividends per one ordinary share.


         Additional information:
         Chief Financial Officer
         Ausra Kibirkstiene
         Phone No.: +370 (5) 2525720