The Board of the largest Lithuanian furniture manufacturing company Vilniaus baldai AB in which investment company Invalda holds a controlling interest, convokes the Meeting of Shareholders on 30 of April.
In the shareholders meeting company’ consolidated financial statements will be approval and according to them, the sales of Vilniaus Baldai AB of 2012 were 230,141 million litas or 3.5 percent less than in corresponding period of 2011 (238,368 million litas). The Company‘s audited net profit were 26,835 million litas (compared to 26,811 million litas in the corresponding period of 2011).
According to published project of resolutions prepared by the Board, dividends and bonuses does not provide to pay.
Currently is undergoing the split- off process of Invalda AB, the largest shareholder of Vilniaus Baldai AB, so until it is not completed, the Board proposes to abstain from the significant decisions for the company, leaving the dividends issue for the future – said Vytautas Bucas, the chairman of the Board of Vilniaus Baldai AB.
According to the publicly announced but not approval split – off terms 32.79 percent in the Company’s share capital will be allocated to the split – off Company Invalda privatus kapitalas AB; and 39.35 percent of Vilniaus Baldai AB share capital will be allocated to Invalda LT AB.
Aidas Mackevičius
General Manager, Vilniaus baldai AB,
tel. (8-5) 2525700