Vilniaus Baldai - Notification on material event

Resolutions of the Extraordinary Shareholders Meeting of Vilniaus baldai AB on 08/10/2014

Vilnius, Lithuania, 2014-10-08 09:38 CEST (GLOBE NEWSWIRE) -- 

On the 8th of October 2014 the Extraordinary General Shareholders Meeting of
Vilniaus baldai AB adopted the following resolutions: 

Item1 of the Agenda: changing financial year of Vilniaus baldai AB.
Resolution:
To change the financial year of Vilniaus baldai AB: the beginning of the
financial year shall be the first day of September and the end shall be the
thirty first of August. 

In accordance with the provisions of paragraph 2 of Article 2.52 of the Civil
Code of the Republic of Lithuania, whereas the period from the beginning of the
financial year to the end of the new financial year is longer than eighteen
months, transitional financial year is set and its beginning is the end of the
previous financial year whereas the end of it - the beginning of the new
financial year. 

Item2 of the Agenda: amendment of Regulations of Vilniaus baldai AB and
approval of new wording of Regulations. 
Resolution:
In accordance with part 1 of this decision and actual version of the Law on
Companies of the Republic of Lithuania, dated 13 July, 2000, No. VIII-1835,
approve new wording of Regulations of Vilniaus baldai AB (attached) and change
all text of Regulations. 
Authorize the general manager Rimantas Vaitkus to sign new wording of
Regulations of Vilniaus baldai AB. 

Item3 of the Agenda: election of the audit company and determination of the
conditions for audit remuneration. 
Resolution:
3.1. To elect UAB “KPMG Baltics”, code 111494971, registered address Upes str.
21, Vilnius, audit company certificate No. 001281 to conduct audit of financial
statements for 2014 (ending on 31 of December) and interim financial statements
for 2015 (ending on 31 of August). 
3.2. To set these remuneration conditions:
3.2.1. Remuneration for the audit of financial statements for 2014 shall be
equal to 
55 245 Lt (16 000 EUR), VAT is not included and shall be calculated and paid
additionally according to the laws. 
3.2.2. Remuneration for the audit of interim financial statements for 2015
shall be equal to 
46 613 Lt (13 500 EUR), VAT is not included and shall be calculated and paid
additionally according to the laws. 
3.3. In case additional services are provided under the audit services
contract, additional remuneration shall be paid and it shall be calculated
according to hourly rates of employees of UAB “KPMG Baltics” who participate
while providing such additional services. 
3.4. Additional remuneration shall be paid after additional services were
provided. 

Item4 of the Agenda: election of the Company's member of the Board.
Resolution:
Appoint Vaidas Savukynas as the member of the Board, until the expiry of the
term of office of the current Board. 

Item5 of the Agenda: Amendment of Audit committee activity regulations and
approval of new wording activity regulations. 
Resolution:
Change Audit committee activity regulations and set that the Audit committee
shall consist of two members, one of which shall be independent. 
Approve changes of Audit committee activity regulations, relating to above (to
change all text of regulations). 



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

Priedai:

Regulations_2014 10 08.pdf

Audit Committee Regulations_2014 10 08.pdf