Vilnius, Lithuania, 2018-04-27 09:02 CEST (GLOBE NEWSWIRE) -- Listed hereinafter are the resolutions of the Annual General Meeting of AB K2 LT shareholders, which took place on April 26th, 2018:
- Approval of the annual financial statements of AB „K2 LT“ for the year 2017 and presentation of the annual report for the year 2017
Discussed and unanimously decided to approve the annual financial statements of AB „K2 LT” for the year 2017.
- Approval of the Board report for the year 2017
Discussed and unanimously decided to approve the report of the Board of AB “K2 LT” for the year 2017.
- Distribution of the profit of AB „K2 LT” of 2017
Discussed and unanimously decided to approve the distribution of AB „K2 LT“ profit earned in the year 2017 according to the profit distribution draft. Decided to distribute and pay out the dividends to the shareholders in the amount of 1.09 EUR for one share of AB „K2 LT“ (the total amount for the dividends is EUR 303 921).
- Approval of the Board’s decision to refinance existing loans, increase the Company's total debt level for credit institutions, and regarding pledge of the Company’s assets.
Discussed and unanimously approved to oblige the Company’s Board, including the Company’s CEO to continue negotiations of agreements exceeding EUR 150 000 – the monetary limit exceeding of which would otherwise require the approval of the Company’s shareholders, as per articles of association, article 28 – and relating to:
(i) long-term rent and/or acquisition of funeral homes and other objects related to funeral services;
(ii) long-term rent and/or acquisition of real estate and/or land plots for the development of crematoria.