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 27 April 2018:

1.      The conclusions of the audit regarding the Financial Statements and Annual Report of the Company for the year 2017.
Information heard.

2.      The Annual Report of the Company for the year 2017.
Information heard.

3.      Approval of the set of Financial Statements of the Company for the year 2017.
To approve the Consolidated and Individual Financial Statements of Panevezio statybos trestas AB for the year 2017, which have been prepared in accordance with the International Financial Reporting Standards as adopted by the European Union and are submitted together with the independent auditor’s opinion.

4.      Appropriation of profit (loss) of the Company for the year 2017.
The following appropriation of profit (loss) of Panevezio statybos trestas AB has been approved:
4.1. Unappropriated profit (loss) of the previous financial year at the end of the accounting financial year – 33,212,224 EUR;
Dividends paid –    -1,062,751 EUR;
Net profit (loss) of the accounting financial year – 194,450 EUR;
Profit (loss) of the accounting financial year unrecognized in profit (loss) statement – 73,316 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 – 32,417,239 EUR;
a part of profit to the legal reserve – 0 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 – 981,000 EUR;
a part of profit for bonuses (tantiemes) for the members of the Board and Supervisory Board, premium pays for employees and other purposes – 38,890 EUR;
Unappropriated profit (loss) at the end of the accounting financial year transferred to the next financial year – 31,397,349 EUR.

To allocate dividends in the amount of 0.06 EUR for each ordinary share of Panevezio statybos trestas AB of the nominal value of 0.29 EUR.

4.2. To allocate 8,390 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 – 38,890 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 30,500 EUR allocated 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 at the General Shareholders’ Meeting by a written decision. (The amounts indicated in item 4.2. hereinabove have been calculated with all taxes payable in accordance with the Lithuanian law.)

5.      Election of the members for the audit committee.
To elect the following members to the audit committee:

• Drasutis Liatukas (as an independent member),
• Irena Kriauciuniene (as an independent member),
• Egle Grabauskiene.

Dalius Gesevicius
Managing Director
Panevezio statybos trestas AB
Information
Phone: (+370 45) 505 503

Attachments

• A-PST-IFRS FS Separate (EN) signed-2017
• A-PST-IFRS FS Consolidated (EN) signed-2017 for printing