Vilniaus Baldai - Notification on material event

Resolutions of the Annual General Shareholders Meeting of Vilniaus baldai AB on 14/12/2015

Vilnius, Lithuania, 2015-12-14 15:01 CET (GLOBE NEWSWIRE) -- 

On the 14th of December 2015 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 8-month period ended as at 31
August 2015. 

Agenda item #2: Company's auditor's report.
The report of auditor KPMG Baltics UAB for the 8-month period ended as at 31
August 2015 was presented. 

Agenda item #3: Approval of the Company's financial statements for the 8-month
period ended as at 31 August 2015. 
Resolution: to approve Company's financial statements for the 8-month period
ended as at 31 August 2015. 

Agenda item #4: Approval of the Company‘s consolidated financial statements for
the 8-month period ended as at 31 August 2015. 
Resolution: to approve Company‘s consolidated financial statements for the
8-month period ended as at 31 August 2015. 

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

Undistributed retained earnings, brought forward                       4 766 912
                                                                             EUR
--------------------------------------------------------------------------------
Net result for the current year                                        2 156 226
                                                                             EUR
--------------------------------------------------------------------------------
Profit (loss) not recognized in the income statement of the         (12 516 EUR)
 reporting financial year                                                       
--------------------------------------------------------------------------------
Distributable result                                                  6  910 622
                                                                             EUR
--------------------------------------------------------------------------------
Transfers to the obligatory reserves                                     591 EUR
--------------------------------------------------------------------------------
Transfers to other reserves                                                    -
--------------------------------------------------------------------------------
To be paid as dividends*                                               3 886 267
                                                                             EUR
--------------------------------------------------------------------------------
To be paid as annual payments (bonus) to the board                             -
--------------------------------------------------------------------------------
Undistributed retained earnings, carried forward                       3 023 764
                                                                             EUR
--------------------------------------------------------------------------------

* 1.00 EUR dividends per one ordinary share.


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