Panevezio Statybos Trestas - Notification on material event

Resolutions of Annual General Shareholders’ Meeting

The following resolutions have been adopted at the Annual General Shareholders’
Meeting of Panevezio statybos trestas AB taken place on 28 April 2016: 

  1. The conclusions of the audit regarding the Financial Statement and Annual
     Report of the Company for the year 2015.

Information heard.

  1. The Annual Report of the Company for the year 2015.

Information heard.

  1. Approval of the set of Financial Statements of the Company for the year
     2015.

The sets of Consolidated and Individual Financial Statements of Panevezio
statybos trestas AB for the year 2015 have been approved. 

  1. Appropriation of profit (loss) of the Company for the year 2015.

The following appropriation of profit (loss) of Panevezio statybos trestas AB
for the year 2015 has been approved: 

4.1. Unappropriated profit (loss) of the previous financial year at the end of
the accounting financial year – 32,206,158 EUR; 


Dividends paid –    - 1,079,100 EUR;

Net profit (loss) of the accounting financial year – 328,238 EUR;

Profit (loss) of the accounting financial year unrecognized in profit (loss)
statement 154,352 EUR; 

Transfers from reserves – 0 EUR;

Contributions of shareholders to cover the loss of the Company (in case of the
shareholders’ decision to cover all or a part of loss) – 0 EUR; 

Total profit (loss) available for appropriation – 31,609,648 EUR;

a part of profit to the legal reserve – 613 EUR;

a part of profit to the reserve for the acquisition of own shares – 0 EUR;

a part of profit to other reserves – 0 EUR;

a part of profit for dividend paying – 261,977 EUR;

a part of profit for bonuses (tantiemes) for the members of the Board and
Supervisory Board, premium pays for employees and other purposes – 65,647 EUR; 

Unappropriated profit (loss) at the end of the accounting financial year
transferred to the next financial year – 31,281,411 EUR. 

4.2. To allocate 32,823.5 EUR from the part of profit for annuity (bonuses) for
the members of the Board and Supervisory Board, premium pays for employees and
other purposes – 65,647 EUR, to Remigijus Juodvirsis, the Chairman of the Board
of Panevezio statybos trestas AB. To obligate Remigijus Juodvirsis, the
Chairman of the Board, to appropriate the remaining amount of 32,823.5 EUR for
annuity (bonuses) for the members of the Board and Supervisory Board, premium
pays for employees and other purposes to the members of the Board of Panevezio
statybos trestas AB. 

To allocate dividends in the amount of 0.016023 EUR for each ordinary share of
Panevezio statybos trestas AB of the nominal value of 0.29 EUR. 

  1. Election of the members for the audit committee.

The following members have been elected to the audit committee:

  -- Drasutis Liatukas (as an independent member)
  -- Lina Rageliene
  -- Regina Sukareviciene 

6. Conversion of the authorized capital and nominal value of the shares of
Panevezio statybos trestas AB from expression in Litas to expression in Euros. 

Following the provisions of the Law on Introduction of the Euro in the Republic
of Lithuania and the Law on Redenomination to the Euro of the Capital and
Nominal Value of Securities of Public Limited Liability Companies and Private
Limited Liability Companies and Amendment of the Articles of Association of
These Companies of the Republic of Lithuania, to convert the nominal value of
one share of Panevezio statybos trestas AB from 1 (one) Litas to 0.29 Euro
(twenty nine hundredth Euro) and determine accordingly the expression of the
authorised capital of the Company in Euros to be 4,741,500 (four million seven
hundred forty one thousand five hundred) Euros divided into 16,350,000 (sixteen
million three hundred fifty thousand) ordinary registered shares. 

7. Approval of the new revision of the Articles of Association of Panevezio
statybos trestas AB. 

7.1. Considering the decision taken on conversion of the authorized capital and
nominal value of the shares of Panevezio statybos trestas AB from expression in
Litas to expression in Euros and amendments to be made covering only conversion
of the authorized capital and nominal value of the shares of the Company from
expression in Litas to expression in Euros, to approve the new revision of the
Articles of Association of the Company. 

7.2. To authorise Dalius Gesevicius, the Managing Director of Panevezio
statybos trestas AB, to sign the new revision of the Articles of Association of
Panevezio statybos trestas AB (Appendix) and perform all necessary actions
related to implementation of the decision taken. 



Dalius Gesevicius

Managing Director

Panevezio statybos trestas AB

Information

Phone: (+370 45) 505 503