Share Name Share Symbol Market Type Share ISIN Share Description
Kauno Energija NEX:LT0000123010-LTL NEX Common Stock LT0000123010
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Resolutions of the General Meeting of Shareholders of PLLC Kauno Energija

26/04/2019 9:15am

GlobeNewswire Inc.


Kauno Energija (NEX:LT0000123010-LTL)
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Resolutions of the General Meeting of Shareholders of PLLC Kauno Energija

The General Meeting of Shareholders of PLLC Kauno Energija has been held on 26 April 2019. 7 shareholders owning a 42,093,983 ordinary registered shares of the Company that amounts to 98.35 % of the votes, took part in it. The following resolutions were taken at the General Meeting of Shareholders:

1. Approval of Consolidated and Company’s Financial statements of the year 2018, prepared according to the International Financial Reporting Standards accredited to use in European Union, presented together with Consolidated Annual Report and Conclusion of independent auditor.

The resolution is to approve the audited PLLC Kauno Energija Consolidated and Company’s Financial Statements of the year 2018, prepared according to the International Financial Reporting Standards accredited to use in European Union, presented together with Consolidated Annual Report and Conclusion of independent auditor (included).

2. Allocation of PLLC Kauno Energija profit (loss) of the year 2018.

The resolution is to allocate PLLC Kauno Energija profit (loss) of the year 2018 in accordance to the profit (loss) allocation project provided to the General Meeting of Shareholders by the Management Board of PLLC Kauno Energija.

No.ItemsSum, Eur 
 
1.Profit (loss) of the previous financial year brought forward at the end of the reporting year4,173,901 
2.Net profit (loss) of the reporting financial year4,413,700 
3.Profit (loss) not recognised in the comprehensive income statement0 
4.Transfers from reserves100,000 
4.1.Transfers from other reserves100,000 
5.Shareholders' contributions for covering the losses0 
6.Total profit (loss) to be allocated8,687,601 
7.Profit to be allocated to legal reserve1,011,984 
8.Profit to be allocated to reserves for investment into own shares0 
9.Profit to be allocated to reserves for shares provide0 
10.Profit to be allocated to other reserves:2,900,000 
10.1.for implementation of investments2,850,000 
10.2.for sponsorship50,000 
11.Profit to be allocated for dividends (0.025 Eur/share)1,070,054 
12.Profit to be allocated for annual disbursements (tantiemes) for the members of the Supervisory Board, Management Board, bonuses for employees and other purposes470,000 
12.1.Profit to be allocated for bonuses for employees470,000 
13.Profit (loss) at the end of the reporting financial year brought forward to the next financial year3,235,563 

3. Election of audit company and determination of terms of reimbursement for audit services.

The resolution is:

1) To elect the group of providers LLC Auditas and LLC Nexia JK, for auditing of Consolidated and Company's Financial Statements for the years 2019 and 2020 of PLLC Kauno Energija activities (hereinafter - audit) and for the audit of expenses attributable to regulated activities, which are covered by the income of regulated activities.

2) To determine that the price for audit services of PLLC Kauno Energija Consolidated and Company’s Financial Statements of the year 2019 amounts to EUR 20,860.00 plus VAT, and for the audit of the year 2020 – to EUR 19,900.00 plus VAT. The term of payment is 30 calendar days from the date of receiving of VAT invoices.

3) To determine that the price for audit services of expenses attributable to regulated activities, which are covered by the income of regulated activities of PLLC Kauno Energija and its subsidiary LLC Petrašiūnų Katilinė for the year 2019 amounts to EUR 8,000.00 plus VAT, and for the audit of the year 2020 – to EUR 7,800.00 plus VAT. The term of payment is 30 calendar days from the date of receiving of VAT invoices.

4) To determine that the price for audit services of Financial Statements of PLLC Kauno Energija subsidiaries LLC Kauno Energija NT and LLC Petrašiūnų Katilinė of the year 2019 amounts to EUR 9,000.00 plus VAT, and for the audit of the year 2020 – to EUR 8,400.00 plus VAT. The term of payment is 30 calendar days from the date of receiving of VAT invoices.

4. Regarding the amendment of the Statutes of PLLC Kauno Energija, determining in them that the seal of the Company is not used, and the signed documents and transactions are valid without a stamp.

The resolution is to amend the Statutes of PLLC Kauno Energija stating them in new edition and to authorize Director of Production Department, (and Interim Director General) Vaidas Šleivys sign the text of amended Statutes of PLLC Kauno Energija (included).

5. Regarding the election of the Supervisory Board of PLLC Kauno Energija.

The resolution is to elect the Supervisory Board of PLLC Kauno Energija:

  • Ramunė Bičkauskienė – as an independent member of the Supervisory Board with a competence in strategic planning and management;
  • Antanas Etneris - as an independent member of the Supervisory Board with a competence in strategic planning and management;
  • Visvaldas Matijošaitis;
  • Andrius Palionis;
  • Konstantinas Pesenka - as an independent member of the Supervisory Board with a competence in management;
  • Mindaugas Šimkus - as an independent member of the Supervisory Board with a competence in finances;
  • Visvaldas Varžinskas.

Loreta Miliauskienė, Head of the Economics Department, tel. +370 37 305 855

Attachments

  • KE statutes
  • IFRS KE ENG 2018

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