Resolutions of the Annual General Meeting of Shareholders of AB Akola Group
October 31 2024 - 8:03AM
UK Regulatory
Resolutions of the Annual General Meeting of Shareholders of AB
Akola Group
The Annual General Meeting (hereinafter – the
Meeting) of AB Akola Group (hereinafter – the Company) was held on
31 October 2024.
On the day the Meeting is convened the total number of the
Company’s shares is 167,170,481, and the number of shares granting
voting rights is 166,508,509. The own shares in the amount of
661,972 acquired by the Company do not grant voting rights.
In total 25 Company’s shareholders, who owned shares of the Company
at the end of the Accounting day of the Meeting (24 October 2024),
participated in the Meeting having 138,965,128 share votes, which
amounted to 83.46 percent of the total number of the Company’s
share votes. 22 duly filled General Voting Ballots were presented
before the Meeting.
The Board member and CFO of the Company Mažvydas Šileika,
deputizing Company’s CEO, participated in the Meeting.
The quorum existed.
Decisions of the Meeting:
1. Presentation
of the Company’s Audit Committee Activity Report.
Presented. No voting.
2. Presentation
of the independent auditor’s report.
Presented. No voting.
3. Presentation
of the Consolidated Annual Report of the Company for the financial
year 2023/2024.
Presented. No voting.
4. Approval
of the Company’s Remuneration Report.
Approve the Company’s Remuneration Report.
Results of voting:
FOR – 138,965,128 votes (including 138,885,287 share votes of
shareholders who voted in advance).
AGAINST – 0.
DID NOT VOTE – 0
5. Approval
of the consolidated and the Company’s set of financial statements
for the financial year ended 30 June, 2024.
Approve the consolidated and the Company‘s set of financial
statements for the financial year ended 30 June, 2024.
Results of voting:
FOR – 138,965,128 votes (including 138,885,287 share votes of
shareholders who voted in advance).
AGAINST – 0.
DID NOT VOTE – 0
6. Approval
of the Distribution of the Company’s Profit/Loss.
Approve the Distribution of the Company’s Profit/Loss:
|
1) |
Retained earnings – profit (loss) of the previous financial year at
the end of the accounting financial year |
EUR 46,543,950 |
|
2) |
Net profit (loss) of the financial year |
EUR 75 920 296 |
|
3) |
The profit (loss) of the accounting financial year not recognized
in the profit (loss) account |
- |
|
4) |
The transfers from the reserves |
- |
|
5) |
The shareholder‘s contributions to cover the losses of the Company
(if shareholders decided to cover all or part of losses) |
- |
|
6) |
The total profit (loss) available for appropriation |
EUR 122,464,246 |
|
7) |
The part of the profit allocated to the legal reserve |
EUR 3,796,015 |
|
8) |
The part of the profit allocated to the reserve of the own share
acquisition |
- |
|
9) |
The part of the profit allocated to the reserve of shares
issue |
- |
|
10) |
The part of the profit allocated to the other reserves |
- |
|
11) |
The part of the profit allocated for the payment of dividends |
EUR 4,995,255* |
|
12) |
The part of the profit allocated for payment of annual bonuses to
the Board, employees and other purposes |
- |
|
13) |
Retained earnings – profit at the end of the financial year carried
forward to the next financial year |
EUR 113,672,976 |
* Dividends in amount of EUR 4,995,255 are
allocated for the financial year ended on 30 June, 2024, which
consist EUR 0.03 with taxes per one share of the Company
(calculated without own shares acquired by the Company).
Results of voting:
FOR – 138,965,128 votes (including 138,885,287 share votes of
shareholders who voted in advance).
AGAINST – 0.
DID NOT VOTE – 0
7. Approval
of a new wording of Rules for Granting Shares of the
Company.
Approve a new wording of the Company’s Rules for Granting
Shares.
Results of voting:
FOR – 138,965,128 votes (including 138,885,287 share votes of
shareholders who voted in advance).
AGAINST – 0.
DID NOT VOTE – 0
8. Approval
of a new wording of the Articles of Association of the
Company.
8.1. Approve a new wording of the Articles of Association of the
Company, the provisions of the Articles of Association of the
Company comply with the amended provisions of the Law on Companies
of the Republic of Lithuania, as well as reducing the number of
members of the Company’s Board from 6 to 5 members.
8.2. Authorize (including the power to delegate) the Chief
Executive Officer of the Company to sign the new wording of the
Articles of Association of the Company and to register them with
the Register of Legal Entities pursuant to the procedure under
law.
Results of voting:
FOR – 138,965,128 votes (including 138,885,287 share votes of
shareholders who voted in advance).
AGAINST – 0.
DID NOT VOTE – 0
9. Determination
of the remuneration of the members of the Company’s Audit
Committee.
9.1. Grant an additional one-off remuneration of EUR 600 (six
hundred euros) to each existing member of the Audit Committee for
the increased workload of the Audit Committee in the financial year
2023/2024.
9.2. Set the annual remuneration to each member of the Audit
Committee, payable from 2025 onwards, as follows: EUR 1,600
(one thousand six hundred euros) to the Chairman of the Audit
Committee, and EUR 1,200 (one thousand two hundred euros) to
the Audit Committee member.
9.3. Determine that the annual remuneration to the members of the
Audit Committee shall be paid within one month after the Annual
General Meeting of Shareholders of the Company.
Results of voting:
FOR – 138,965,128 votes (including 138,885,287 share votes of
shareholders who voted in advance).
AGAINST – 0.
DID NOT VOTE – 0
Contact for further information:
Mažvydas Šileika, CFO of AB Akola Group
Mob. +370 619 19 403
E-mail m.sileika@akolagroup.lt
- Audit Committee Report
- Independent Auditor's Report
- Set of audited annual reports in ESEF format (Financial
Statements, Annual Report with Sustainability Report and annexes -
Governance Code Compliance Report and Remuneration Report)
- Articles of Association of the Company
- The Rules for Granting Shares
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