News of the managed companies
Draft resolutions of the Extraordinary General Shareholders Meeting of Vilniaus baldai AB2014-09-17
The Management Board of Vilniaus baldai AB proposes the draft resolutions of the General Shareholders Meeting to be held on 8 October, 2014.
1. Changing financial year of Vilniaus baldai AB.
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.
2. Amendment of Regulations of Vilniaus baldai AB and approval of new wording of Regulations.
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.
3. Election of the audit company and determination of the conditions for audit remuneration.
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.
4. Election of the Company's member of the Board.
Appoint Vaidas Savukynas as the member of the Board, until the expiry of the term of office of the current Board.
5. Amendment of Audit committee activity regulations and approval of new wording activity regulations.
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).
Audit Committee Regulations;
General voting bulletin.
Chief Financial Officer
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