There are suggested folowing projects for the meeting of shareholders
on April 26th in 2007 by decision of the Company's Management
Board of 02-04-2007.
1. The annual report on the company‘s activities for the year 2006.
Suggestion: To approve the annual report on the company‘s activities for the
year 2006.
2. Auditor‘s conclusion about company‘s financial statements report
of the year 2006.
Suggestion: To recommend for shareholders to consider auditor‘s conclusion while
voting regarding approval of company‘s yearly financial statements.
3. Approval of company‘s annual financial statement of the year 2006.
Suggestion: To approve company‘s financial statements for year 2006.
4. Approval of the 2006 profit appropriation.
Suggestion: To approve distribution of company‘s profit for the year 2006.
Retained earnings at the beginning of the year -LTL 55 772 622 (EUR 16 152 868).
Net profit for year 2006 is LTL 10 659 081 Lt (EUR 3 087 083).
Transfers from reserves - LTL 26 899 000 (EUR 7 790 489).
Profit for distribution - LTL 93 330 703 LTL (EUR 27 030 440).
Profit for distribution to the reserve for acquisition of the company's own
shares - LTL 10 000 000 (EUR 2 896 200 ).
Profit distribution to the investment reserves - LTL 23 647 600 (EUR 6 848 818).
Profit distribution, to other reserves - LTL 440 000 (EUR 127 433),
including: support, charity - LTL 90 000 (EUR 26 066),
social, cultural needs - LTL 350 000 (EUR 101 367).
Profit distribution , to dividends - LTL 0 (EUR 0 ).
Profit distribution, to bonuses of the board members LTL 0 (EUR 0 ).
Retained earnings at the end of financial year 2006 - LTL 59 243 103
(EUR 17 157 989).
5. Regarding the buy-back of the company‘s own shares.
Suggestion: To buy out ordinary registered shares of Snaige AB worth LTL 1 by
nominal value (ISIN code LT 0000109274) by means of a voluntary tender offer in
accordance with the procedure prescribed by legal acts regulating securities
market
and execute the said tender offer on the Vilnius Stock Exchange;
The purpose for the acquisition of the shares is to maintain and increase the
price of the company's shares;
To buy out up to 10 percent of the company's shares in the national securities
market for LTL 10 000 000 (ten million), i.e. this is the share of profit
allocated to the reserve for the acquisition of own shares;
The Company will buy shares till October 26, 2008;
The maximum and minimum acquisition price: the minimum buying price of the
shares is LTL 5, the maximum buying price of the shares is LTL 16;
The minimum selling price of own shares is LTL 16 per share.
To ensure equal opportunities for all shareholders to buy the shares of the
company.
The company's own shares bought by the company will be traded only on
the Vilnius Stock Exchange.
To authorize the Board of the company to establish and decide on the specific
conditions and terms of the voluntary tender offer, the volumes and prices of
the shares to be acquired, and the selling prices and conditions of the shares.
All other issues, which are not provided for in this decision shall be delegated
to the Board of the Company.
Managing Director
Mindaugas Sestokas
+370 315 56206