The Board approved financial statements for the year 2019

On 22 April 2020 the Board of Vilkyškių pieninė AB (hereinafter “Vilkyškių pieninė AB” or “the Company”) decided: – To approve the Company’s annual report for the year 2019, prepared by the Company and assessed by the auditors, and to propose to the Company’s Annual General Meeting of Shareholders to approve Company’s consolidated annual report.– To approve the draft of the audited separated and consolidated financial statements of the Company for the year 2019 and to propose to the Company’s Annual General Meeting of Shareholders to approve the draft of the Company’s separate and consolidated financial statements for the year 2019.In 2019, Vilkyškių pieninė AB Group sales revenue amounted to 114.6 MEUR up by 11.1 percent from 103.2 MEUR in 2018. In 2019, the net loss 0.4 MEUR, decrease by 0.8 MEUR comparing to the last year (in 2018, the net loss was 1.2 MEUR)To approve the allocation project of the Company’s audited net profit (loss) under IAS for the year 2019 and to propose it to the Company’s Annual General Meeting of Shareholders to approve.Resolution: To approve the audited net profit (loss) allocation under IAS for the year 2019 as follows:– To approve the Remuneration Policy of AB Vilkyšių pieninė and to propose it to the Company’s Annual General Meeting of Shareholders to approve.– To select the audit company of AB Vilkyškių pieninė’s financial statements for 2020/2021/2022 prepared in accordance with International Financial Reporting Standards for audit from among the „Big4“ international audit companies (UAB KPMG Baltic, UAB PricewaterhouseCoopers, UAB Deloitte Lietuva, UAB Ernst & Young) and to authorize the General Director of the Company Gintaras Bertašius to enter into an audit services agreement with the selected audit company and to establish the terms of payment for audit services. The Board proposes to approve the selected audit company at the General Meeting of Shareholders, taking into account the recommendations of the Audit Committee.– To approve the new wording of the Articles of Association of AB Vilkyškių pieninė (attached) by amending and redraft articles 48, 83, 85 and 86 of the Articles of Association in new wording and to propose it to the Company’s Annual General Meeting of Shareholders to approve.Vilija Milaseviciutė
Economics and Finance Director
phone +370 441 55102AttachmentsConfirmation of responsible personsDraft resolutions of Ordinary General Meeting of the Shareholders, to be held on 30 April 2020Voting bulletin of the ordinary general meeting of shareholders 2020-04-30Policy of Remuneration for Employees of AB Vilkyškių pieninė GroupConsolidated and separate financial statements for the year 2019AB Vilkyškių pieninės įstatai (nauja redakcija)