We hereby inform you that on the initiative and by the decision of the Board of AB Klaipėdos Nafta code 110648893, registered at Burių st. 19, Klaipėda (hereinafter, the “Company”), an ordinary general meeting of shareholders of the Company was convened on 27 April 2018 at 09:00 a.m. The meeting was held in the registered office of the Company at Burių st.19, Klaipėda.
Agenda of the meeting:
Adopted decisions:
1. On the announcement of the Auditor’s Report regarding the Financial Statements and Annual Report of AB Klaipėdos Nafta for the year 2017 to the shareholders:
“The Auditor’s Report regarding the Financial Statements and Annual Report of AB Klaipedos Nafta for the year 2017 had been heard by the shareholders. Decision on this topic of the Agenda should not be taken.”
2. On the announcement of the Annual Report of AB Klaipėdos Nafta for the year 2017 to the shareholders:
„The Annual Report of AB Klaipedos Nafta for the year 2017, as drafted by AB Klaipedos Nafta, assessed by the Auditor and approved by the Board of AB Klaipedos Nafta had been heard. Decision on this topic of the Agenda should not be taken.”
3. On the approval of the audited Financial Statements of AB Klaipėdos Nafta for the year 2017:
“To approve the audited Financial Statements of AB Klaipedos Nafta for the year 2017.”
4. On the appropriation of profit (loss) of AB Klaipėdos Nafta for the year 2017:
“To distribute the AB Klaipėdos Nafta profit in the total sum of EUR 17.882.411,51 available for appropriation, as follows:
| No. | Ratios | Amount, Euros |
| 1 | Non-allocated profit (loss) at the beginning of the financial year as of 01-01-2017 | - |
| 2 | Net profit (loss) for the financial year | 17.030.868,10 |
| 3 | Transfers from other reserves | 851.543,41 |
| 4 | Shareholders' contribution against losses | - |
| 5 | Portion of the reserve of tangible fixed assets | - |
| 6 | Profit for allocation (1+2+3+4+5) | 17.882.411,51 |
| 7 | Allocation of earnings to legal reserve | 851.543,41 |
| 8 | Allocation of profit to own shares acquisition | - |
| 9 | Allocation of profit to other reserves | - |
| 10 | Allocation of profit to dividends | 17.030.868,10 |
| 11 | Allocation of profit to tantiems | - |
| 12 | Non-allocated profit (loss) at the end of the year 2017 carried forward to next financial year (6-7-8-9-10-11) | - |
5. On confirmation of Guidelines on determination the remuneration for the activity in AB Klaipėdos Nafta collegial bodies:
“To approve the guidelines on determination the remuneration for the activity in AB Klaipėdos Nafta collegial bodies (enclosed).”
6. On the election of the members of the Supervisory Board of AB Klaipėdos Nafta:
“For the 4 years cadence of supervisory board members of AB Klaipėdos Nafta to elect:
1. Tomas Lukoševičius;
2. Eimantas Kiudulas;
3. Andrius Varanavičius.”
7. On confirmation of remuneration to the independent Supervisory board members of AB Klaipėdos Nafta and approval of standard contract form of AB Klaipėdos Nafta independent supervisory board member:
“1. To determine fixed monthly remuneration of 752 EUR without VAT for independent Supervisory board member ant to determine fixed monthly remuneration of 965 EUR without VAT for the chairman of Supervisory board, if him elected independent Supervisory board member.
2. To approve standard contract form, regarding the activity of independent Supervisory board member (enclosed)."
Enclosures:
1. Financial Statements prepared in accordance with the International Financial Reporting Standards as adopted by the European Union, Independent Auditor’s Report and Annual Report for the financial year ended on 31 December 2017;
2. Appropriation of profit (loss) of Klaipėdos nafta, AB for the year 2017.
3. Independent Collegial Bodies' Members Remuneratin Guidline.
4. Independent Supervisory Council Member Agreement
Mindaugas Jurkaitis, Acting Chief Financial Officer, tel.: +370 46 391 768
Attachments