Major Events 2013
19-12-2013
Convocation of the extraordinary General Meeting of Shareholders
On 10 January 2014 the extraordinary General Meeting of Shareholders of Snaigė AB, the address of head office Pramonės str. 6, Alytus, the company code 249664610 (hereinafter, the “Company”) is convened the extraordinary General Meeting of Shareholders (hereinafter, the “Meeting”).
 The place of the meeting –at AB “Snaige” office, at the address Kareivių str. 6, Vilnius, Lithuania.
 The Meeting commences – at 10 a.m. (registration starts at 9.45 a.m.).
 The Meeting’s accounting day – 3 January 2014 (the persons who are shareholders of the Company at the end of accounting day of the General Meeting of Shareholders or authorized persons by them, or the persons with whom shareholders concluded the agreements on the disposal of voting right, shall have the right to attend and vote at the General Meeting of Shareholders).
 The Board of the Company initiates and convenes the meeting.
 Agenda of the Meeting:
1. Providing AB “Snaige” loan to shareholder UAB „Vaidana“ (identification code 302473720);
 The Company shall not provide the possibility to participate and vote in the Meeting through electronic communication channels.
 Draft resolutions on agenda issues, documents be submitted to the General Meeting of Shareholders and other information related with the exercising of the shareholders’ rights are available on the website of the Company www.snaige.lt on menu item “For investors”. This information will be also available for the shareholders at the head office of the Company (Pramonės str. 6, Alytus) on business days from 9:00 am. till 16:00 pm. (on Fridays till 14:00), tel. (8-5) 2361970.
 Shareholders holding shares that grant at least 1/20 of all votes shall have the right of proposing to supplement the agenda of the Meeting by providing the Meeting draft resolution on each additionally proposed issue or in case no resolution is required - the explanation. The proposals to supplement the agenda shall be submitted in writing or by e-mail. The proposals shall be presented in writing to the Company on business days or by sending it by registered mail at the address Snaigė AB, Kareivių str. 6, Vilnius, Lithuania. The proposals submitted via the e-mail shall be sent on vilniaus.biuras@snaige.lt. The proposals to supplement the agenda with the additional issues shall be submitted till the 26 December 2013, 4:00 p.m. In case the agenda of the Meeting is supplemented the Company will report on it no later than 10 days before the Meeting in the same ways as on convening of the Meeting.
 Shareholders holding shares that grant at least 1/20 of all votes shall have the right of proposing new draft resolutions on the issues already included or to be included in the agenda of the Meeting. The proposals shall be submitted in writing or by e-mail. The proposals shall be presented in writing to the Company on business days till 9 January 2014, 2 p.m. or by sending it by registered mail at the address Snaigė AB, Kareivių str. 6, Vilnius, Lithuania. During the Meeting the proposals shall be submitted to the Chairman of the Meeting after he announces the Meeting agenda and no later than the Meeting starts working on the issues of agenda. The proposals submitted via the electronic mail shall be sent on vilniaus.biuras@snaige.lt. The proposals submitted on this e-mail till 9 January 2014, 2:00 p.m. will be discussed during the Meeting.
 The shareholders shall have the right to present questions related to the General Meeting of Shareholders' agenda issues to the Company in advance in writing. The shareholders shall present the questions not later than 3 business days before the Meeting via the electronic mail on vilniaus.biuras@snaige.lt. The Company undertakes to respond to the submitted questions via the electronic mail till the Meeting day, except the questions related to the Company’s commercial secret and confidential information.
 During the registration to attend the Meeting the shareholders or the persons authorized by them shall submit a document which is a proof of his identity. The shareholders' authorized persons shall submit the power of attorney confirmed by the established order. The power of attorney issued by the natural person shall be notarized. A power of attorney issued in a foreign state must be translated into Lithuanian and legalized in the manner prescribed by law. Representative can be authorized by more than one shareholder and shall have a right to vote differently under the orders of each shareholder. The shareholder holding shares of the Bank, where the shares have been acquired on his own behalf, but for the benefit of other persons, must disclose before voting at the General Meeting of Shareholders to the Company the identity of the final customer, the number of shares that are put to the vote and the content of the voting instructions submitted to him or any other explanation regarding the participation agreed upon with the customer and voting at the General Meeting of Shareholders.
 Shareholder shall also have the right to authorize through electronic communication channels another person (natural or legal) to participate and vote in the Meeting on shareholder's behalf. Such authorization shall not be confirmed by the notary officer. The power of attorney issued through electronic communication channels must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the power of attorney issued through electronic communication channels by e-mail vilniaus.biuras@snaige.lt no later than the last business day before the meeting at 2:00 p.m. The power of attorney and notification shall be issued in writing. The power of attorney and notification to the Company shall be signed with the Electronic Signature but not the letters sent via the e-mail. By submitting the notification to the Company the shareholder shall include the Internet address from which it would be possible to download free of charge software to verify an Electronic Signature of the shareholder.
 Each shareholder or representative thereof shall have the right to cast his/her vote in advance in writing by filling in a general ballot paper. The general ballot paper form is on the Company's website www.snaige.lt on menu item “For Investors”. Upon the written shareholder‘s request, the Company no later than 10 days before the Meeting shall send a general ballot paper by registered mail or hand it in person against signature. The general ballot paper filled shall be signed by the shareholder or his/her representative. In case the ballot paper is signed by the shareholder's authorized representative, such person along with the filled ballot paper shall submit the document to confirm the voting right. The ballot paper filled and the document confirming the voting right (if required) shall be submitted in a written form to the Company by registered mail at the address Snaigė AB, Kareivių str. 6, Vilnius, Lithuania, or by submitting it to the Company. Validated will be dully filled-in ballot papers, received until the meeting.
 The following information and documents are available on the website of the Company www.snaige.lt on menu item “For Investors”:
- report on the convening of the Meeting;
- the total number of the Company’s shares and the number of shares with voting rights on the convening day of the Meeting; Download
- draft resolutions on each agenda issue and other documents to be submitted to the Meeting;
- general ballot paper form. Download
 
29-11-2013
AB Snaigė profits grow almost fourfold
Over the first nine months of this year AB Snaigė turnover was 140.1m LTL (unaudited consolidated figures) an increase of 27 per cent compared to same period last year. The net earnings of the company were almost 5.3m LTL, i.e. almost four times higher than in the same period last year. Consolidated unaudited EBITDA was 12.3m LTL, i.e. 43 per cent more than in the same period last year.
Summing up the results of the nine months of this year AB Snaigė Managing Director said he was thrilled with company’s achievements and strong sales growth. “We’re happy to see that our efforts to maintain rapid growth bore fruits,” said G.Čeika. The 3rd quarter is the busiest time in the domestic refrigeration sector. We were successful in not only meeting the market demand but also in expanding our customer base, developing new products, and implementing marketing campaigns. This is a result of spectacular team work at AB Snaigė.”
AB Snaigė turnover grew most in Western Europe and Asian markets. Particularly significant growth of 132% and 128% was recorded in Central Asia and France respectively. Sales in Lithuania and other Baltic States also grew almost twofold. 
Sales growth in France was primarily linked to higher share of Snaigė in the sales of the largest French chain retailer Conforama. In summer top executives of Conforama visited Snaigė’s plant and were impressed with the state of the art technology employed in the plat, work organization and quality of Snaigė products. This subsequently led to an expanded offer of Snaigė products at Conforama.
The company also welcomes its strengthened positions in Central Asia. “These are large, profitable markets,” noted G.Čeika. “Thus we’re very happy that our fridges caught the attention of local consumers. In some Central Asian markets Snaigė is one of the market leaders.”
In the 3rd quarter the company offered a number of new products to its customers and consumers, such as a 163 cm high freezer, and the hottest item of this year, a fridge/freezer featuring No Frost technology. The recent addition to the market, the freezer, is very popular among the consumers. “Snaigė freezers are extremely popular and in high demand on many of our markets,” claims G.Čeika. “It is our intention to expand our freezer range further since we see the demand for this product. Many of the company’s customers have been waiting for fridges featuring No Frost technology for quite some time now. This product marks AB Snaigė’s entry into a completely new market segment where the company hopes to compete successfully with other manufactures of domestic fridges.”
 
28-11-2013
On the sale of 100% stake in OOO “Techprominvest” and on the impact of the transactions to the company’s financial results
AB “Snaigė” (hereinafter, the Company) hereby informs that it has concluded a transaction on sale of all 100% stake of OOO “Techprominvest”, held by the Company (1% to OOO „Spektr plius“ and 99% – to OOO „UniversalStroi“). The total sale price of all 100% stake of OOO “Techprominvest” is EUR 2,750,000; the term for payment of the price – until 30 December 2013.
As it was indicated in the notification on material event of the Company, dated 16 October 2013, the Company undertook to announce a notification on material event, indicating the impact of the transaction on sale of real estate of OOO “Techprominvest” to the financial results of the Company (the Company has announced on sale of the indicated real estate on 9 October 2013). In the opinion of the Management of the Company, taking into consideration the nature of both of the aforementioned transactions, and aiming to objectively reflect the profitability thereof, the impact to the consolidated financial results of the Company of both transactions (sale of real estate of OOO “Techprominvest” and sale of 100% stake of OOO “Techprominvest”) has to be established and disclosed collectively.
Thus, the Company hereby further informs that the impact of the indicated transactions (sale of real estate of OOO “Techprominvest” and sale of 100% stake of OOO “Techprominvest”) to the consolidated financial results of the Company is (– EUR 2,200,767).
Mr Gediminas Čeika, Managing Director of AB “Snaigė”, is positive about the sale of OOO “Techprominvest”. “The company finally disposed of assets not related to its core business, maintenance of which had been causing losses for the company since 2009”, G. Čeika said. “It is hard to admit that the investments of AB “Snaigė” in Kaliningrad did not serve their purpose, however, without this company the results of AB “Snaigė” should improve and it should be easier to carry on."
 
16-10-2013
Regarding announcement on the impact to the Company’s financial results of sale of the subsidiary’s real estate in Russia
As it was indicated in the notification on material event of AB “Snaige” (hereinafter, the “Company”), dated 9 October 2013, the real estate of the subsidiary of the Company OOO “Techprominvest” was sold.
Hereby we inform that the Company is intending to announce an additional notification on material event, indicating the impact of the mentioned transaction to the financial results of the Company. In the Company’s Management opinion, this data shall objectively reflect the profitability of the concluded transaction.
Please also note that on the day of this notification such results, which inter alia depend on the executed investments into the sold real estate, expenditures for the preparation of its sale and other financial indicators, are not calculated by the Company. The Company shall announce a relevant notification on material event, as soon as these results shall be established (the Company expects to have this data till the end of November 2013).
 
09-10-2013
AB „Snaige“has sold the real estate of its subsidiary company in Russia
AB “Snaige” has sold subsidiary company OOO “Techprominvest’s” property. OOO “Techprominvest" - the company's refrigerator plant in Kaliningrad, which used to manufacture refrigerators for the Russian market. Its activities were suspended in 2009, when after the ruble devaluation the plant became unprofitable.
According to AB “Snaige” CEO Gediminas Čeika, the potential selling of the OOO “Techprominvest” real estate is good news for the company. Having not operating the plant for several years means unnecessary expenses for its maintenance and this damages the consolidated financial result,” - said G. Čeika. “After selling procedures thecompany will use its recourses in more effective way.”
 
18-09-2013
Resignation of the Member of the Management Board

On 17 September, 2013, member of the Management Board Snaige, AB Dmitry Komissarchik presented the request on the resignation from the members of Management Board from 2nd of October, 2013.
 
30-08-2013
Sales for Snaigė AB increased by 39% vs. last year with EBITDA ahead by 61% for the same period
During the first half year in 2013 Snaige AB achieved turnover of LTL 91.2 million a growth of 39%compared to the previous year. Net profits were 2m LTL, a growth of almost 4 times more than the previous year and EBITDA reached 6.6m LTL a growth of 61%vs. the previous year.
Company turnover has increased in almost all important markets with especially good results in Central Asia (+162%), and France (+161%). The Company exported its production to almost 30 countries in Europe and Asia with the company’s most important markets remaining the same: Ukraine, Germany, France and Central Asia. According to Gediminas Čeika, CEO of Snaigė AB those countries reflect the structure of the entire sales portfolio of the Snaigė Company, i.e., balancing between risky and profitable East, and less profitable, but stable West.
The CEO of the Company, assessing the results of the first half-year, expressed his delight with achievements of the Company including the increase in sales: “We have put a lot of effort in order to maintain the fast growth in sales, and we are glad because we were successful in increasing our number of clients, and extending the range produced. We also implemented effective marketing campaigns in key markets, ensured we increased our capacity when needed, as well as ensuring the efficient operation of our Supply Division. The smooth and effective operation of the company has therefore enabled the excellent results we are able to present”. 
Now we are planning not only to increase sales during the third quarter, but also present to the customers some new products, including a 163 cm freezer, as well as the hottest product this year which is a fridge-freezer with –with a No Frost system. According to Gediminas Čeika, clients are really looking forward to this new product, and we expect it exceed all of our clients expectations for novelty, functionality and design.
NB : all turnover and profit information is on the basis of unaudited consolidated data.
 
14-08-2013
Snaige AB announces the sale  of real estate of its subsidiary company in Russia  
Snaige AB has signed a preliminary agreement regarding subsidiary company OOO “Techprominvest’s” property sale. OOO “Techprominvest" - the company's refrigerator plant in Kaliningrad, which used to manufacture refrigerators for the Russian market. Its activities were suspended in 2009., when after the ruble devaluation the plant became unprofitable.
According to Snaige AB CEO Gediminas Čeika, the potential selling of the OOO “Techprominvest”  real estate is good news for the company. Having not operating the plant for several years means unnecessary expenses for its maintenance and this damages the consolidated financial result,” - said G. Čeika. “After the company will sell this real estate, the company will use its recourses in more effective way.”
 
18-06-2013
AB “Snaigė” has sold its Russian subsidiary
AB Snaigė has sold OOO Liga Servis its subsidiary in Russia. The main purpose of the business was to take care of the company's sales and marketing in Russia. According to the company's CEO Gediminas Čeika, to have subsidiaries that are engaged in sales and marketing activities in Russia has become inappropriate after the company started cooperation with POLAIR group of companies.
POLAIR is the largest and most well known producer and seller of refrigeration equipment in Russia, with its commercial channels and contacts, which AB „Snaigė“ are starting to use. "- Said G. Čeika. "Results of this cooperation have exceeded all expectations – in first quarter of this year sales to Russia increased by three times. As a result there is no need to duplicate work and to waste money with subsidiaries in Russia.
Now the company's group structure consists of Ukrainian OOO Snaige Ukaine, Lithuanian UAB Almecha and Russia OOO Techprominvest - the only subsidiary company in the country which is the closed factory in Kaliningrad, which the company also has the intention to sell. The final subsidiary in Russia OOO "Moroz Trade" is now removed from the Russian Register of Legal Entities.
Turnover at AB “Snaigė” reached an all time high of LTL 34,4 MM in the first quarter (unaudited consolidated data), which is an increase of 57% vs. last year. At the first quarter the company earned LTL 1.3 MM consolidated unaudited EBITDA i.e. 4 times more than at the same period last year
 
31-05-2013
Sales of AB “Snaigė” up 57 percent in first quarter and EBITDA increased by 4 times
Turnover at AB “Snaigė” reached an all time high of LTL 34,4 MM in the first quarter (unaudited consolidated data), which is an increase of 57% vs. last year. Predominantly, sales have increased in eastern markets : Uzbekistan by 23 times, Tadzhikistan by almost 6 times, Russia by over 3 times. Sales also grew in some key western markets : France by 18%, Bulgaria by 38% and Poland by 24%. Additionally this year SC “Snaigė” entered the markets of Finland, Belgium, and Hungary where it had not been trading during Q1 of the previous year. The companies EBITDA grew from LTL 0.325 MM to LTL 1.3 MM an increase of 4 times.
According to AB “Snaigė” CEO G. Čeika, even though the first quarter brought a loss of LTL 1,1 MM (unaudited consolidated data) due to this being the low season and with especially higher heating costs this year, it was more than LTL 1 MM better than the same period last year. “In our business sales are very low at the beginning of winter, thus, we always get less income than spend at that time, and a summer season brings increased sales by several times,” – reported G. Čeika. „Therefore, during the first and second quarters we pay more attention to the preparation for the warm season: we update equipment, buy more raw materials, and produce for stock to have enough production for a summer season.“
Although AB “Snaigė” labels over 60 percent of refrigerators with their own brand, the rest is produced for famous home appliance manufacturers and retail chains. This year the company will continue to produce refrigerators to the following companies: “Severin”, “Bomann” in Germany, “Conforama” in France and, “Orima” in Portugal. We are pleased to have the largest Polish home appliance manufacturer “Amica” having joined our customers’ ranks.
AB “Snaigė” CEO G. Čeika says the results of the first quarter should be seen very positively. “We have reached our budgetted sales plans for the first quarter, - affirmed G. Čeika. “Moreover, we accomplished much in creating new products and improving cooling technologies.”
Since the beginning of the year, we have already released to the market a “Snaigė” branded refrigerator with a cold section “0 Fresh Zone”. This year during the second and third quarter our company will present a new higher freezer, a new two-doorrefrigeratorwith glass doors of a Premium class and an innovative refrigerator of the highest energy class A+++. We know that not every manufacturer can make a boast of such a refrigerator
 
30-04-2013
Resolutions of the General Meeting of Shareholders
The General Meeting of shareholders of Snaige AB was held on 30 April 2013.
 At the meeting was made following resolutions:
1.    THE AGENDA QUESTION: Consolidated annual report of “Snaigė” AB on the company’s activity for 2012.
In the meeting taken for information the consolidated annual report of “Snaigė” AB on the company’s activity for 2012..
2.    THE AGENDA QUESTION: Auditor’s conclusion on the company’s financial statements for 2012.
In the meeting taken for information with the auditor’s conclusion on the company’s financial statements for 2012.
3.    THE AGENDA QUESTION:  Approval of the set of financial statements of the company for 2012.
THE DECISION: The set of financial statements of the company for 2012 has been approved
4.    THE AGENDA QUESTION:  Approval of distribution of profit (loss) of “Snaigė” AB for 2012.
THE DECISION: The distribution of profit (loss) of “Snaigė”,AB for 2012 has been approved:
Non-distributed profit (loss) at the end of the last financial year: LTL 908,126 (EUR 263,011.47)
Net result - profit (loss) of financial year: LTL 4,584,574 (1,327,784.4 EUR)
Distributable result- profit (loss)  of financial year: LTL 5,492,700 (EUR 1,590,795.87)
Contributions of shareholders to cover loss: LTL 0 (EUR 0)
Share premium for covering of loss LTL 0 (EUR 0)
Transfers from reserves: LTL 1,143,073 (EUR 331,056.82)
Distributable profit: LTL 6,635,773 (EUR 1,921,852.69)
Distribution of profit LTL 5,238,229  (EUR 1,517,095.98):
Portion of profit allocated to reserves foreseen by law: LTL 229,229 (EUR 66,389.31)
Portion of profit allocated to other reserves: LTL 30,000 (EUR 8,688.60)
- for support and charity LTL 0 (EUR 0)
- for social and cultural needs LTL 30,000 (EUR 8,688.60)
Portion of profit allocated for payment of dividends: LTL 0 (EUR 0)
Portion of profit allocated for payment of premiums: LTL 0 (EUR 0)
Portion of profit allocated for payment of tantiemes: LTL 0 (EUR 0)
Other: LTL 4,979,000 (EUR 1,442,018.07)
- portion of profit allocated to reserve for acquisition of own shares: LTL 0 (EUR 0)
- portion of profit allocated to reserve for investments: LTL 4,979,000 (EUR 1,442,018.07)
Non-distributed result - profit (loss) at the end of financial year: LTL 1,397,544 (EUR 404,756.71).
5. THE AGENDA QUESTION:  Election of the audit firm for auditing purposes of financial statements and establishment of terms regarding the payment for audit services.
THE DECISION: UAB “KPMG Baltics” has been elected for 2013 auditing purposes of annual financial statements.
The General Director was authorized (with the right to delegate)  of the company to sign the agreement with the audit firm by establishing the terms of payment for the audit services and other terms.
6. THE AGENDA QUESTION: The Company Board member revocation from Board member position.
THE DECISION: Andrey Dribny was revoked from the Board members of the Company.
7. THE AGENDA QUESTION: New Board members appointment to opening positions.
THE DECISION: Vladislav Sviblov and Svetlana Ardentova have been elected to the members of the Board of the Company for remaining term of this Board office.
The General Manager of the Company was authorized (including the power to delegate) to register the newly elected members of the Board with the Register of Legal Persons of the Republic of Lithuania pursuant to the procedure under law, to take any and all other actions and sign any and all documents related to the change of the Board members of the Company.
 
Attached:
Audited consolidated and Company’s financial statements together with independent auditor‘s report; Download
Consolidated annual report, confirmation of the responsible persons; Download
Voting results. Download
 
26-04-2013
Information about recieved audit company proposal
The company has received the proposal for 2013 auditing purposes of financial statements to elect the audit company  UAB “KPMG Baltics” .
 
26-04-2013
The information for the ordinary shareholders meeting
The information for the ordinary shareholders meeting: Consolidated annual report of the Company on its activity for 2012 and the set of financial statements of the Company for 2012 (see annexes):
- Consolidated annual report of the Company on its activity for 2012; Download
- Set of financial statements of the Company for 2012. Download
 
10-04-2013
Convocation of the ordinary General Meeting of Shareholders
On 30 April 2013 the ordinary General Meeting of Shareholders of Snaigė AB, the address of head office Pramonės str. 6, Alytus, the company code 249664610 (hereinafter, the “Company”) is convened (hereinafter, the “Meeting”).
 The place of the meeting – main meeting hall of the Company, at the address Pramonės str. 6, Alytus, Lithuania.
 The Meeting commences – at 10 a.m. (registration starts at 9.45 a.m.).
 The Meeting’s accounting day – 23 April 2013 (the persons who are shareholders of the Company at the end of accounting day of the General Meeting of Shareholders or authorized persons by them, or the persons with whom shareholders concluded the agreements on the disposal of voting right, shall have the right to attend and vote at the General Meeting of Shareholders).
 The Board of directors of the Company initiates and convenes the meeting.
 Agenda of the Meeting:
1.       Annual report of “Snaigė” AB on the company’s activity for 2012.
2.       Auditor’s conclusion on the company’s financial statements for 2012.
3.       Approval of the set of financial statements of the company for 2012.
4.       Approval of distribution of profit (loss) of “Snaigė” AB for 2012.
5.       Election of the audit firm for auditing purposes of financial statements and establishment of terms regarding the payment for audit services.
6.       The Company Board member revocation from Board member position;
7.       New Board members appointment to opening positions
 
 The Company shall not provide the possibility to participate and vote in the Meeting through electronic communication channels.
 Draft resolutions on agenda issues, documents be submitted to the General Meeting of Shareholders and other information related with the exercising of the shareholders’ rights are available on the website of the Company www.snaige.lt on menu item “For investors”. This information will be also available for the shareholders at the head office of the Company (Pramonės street 6, Alytus) on business days from 9:00 am. till 16:00 pm. (on Fridays till 14:00), tel. +370 315 56206.
 Shareholders holding shares that grant at least 1/20 of all votes shall have the right of proposing to supplement the agenda of the Meeting by providing the Meeting draft resolution on each additionally proposed issue or in case no resolution is required - the explanation. The proposals to supplement the agenda shall be submitted in writing or by e-mail. The proposals shall be presented in writing to the Company on business days or by sending it by registered mail at the address Snaigė AB, Pramonės street 6, LT-62175 Alytus, Lithuania. The proposals submitted via the e-mail shall be sent on bozena.skorobogataja@snaige.lt. The proposals to supplement the agenda with the additional issues shall be submitted till the 16 April 2013, 4:00 p.m. In case the agenda of the Meeting is supplemented the Company will report on it no later than 10 days before the Meeting in the same ways as on convening of the Meeting.
 Shareholders holding shares that grant at least 1/20 of all votes shall have the right of proposing new draft resolutions on the issues already included or to be included in the agenda of the Meeting, audit firms for auditing purposes of financial statements, also to nominate additional candidates to members of Audit Comittee of the Company. The proposals shall be submitted in writing or by e-mail. The proposals shall be presented in writing to the Company on business days till 29 April 2013, 2 p.m. or by sending it by registered mail at the address Snaigė AB, Pramonės street 6, LT-62175 Alytus, Lithuania. During the Meeting the proposals shall be submitted to the Chairman of the Meeting after he announces the Meeting agenda and no later than the Meeting starts working on the issues of agenda. The proposals submitted via the electronic mail shall be sent on bozena.skorobogataja@snaige.lt. The proposals submitted on this e-mail till 29 April 2013, 2:00 p.m. will be discussed during the Meeting.
 The shareholders shall have the right to present questions related to the General Meeting of Shareholders' agenda issues to the Company in advance in writing. The shareholders shall present the questions not later than 3 business days before the Meeting via the electronic mail on bozena.skorobogataja@snaige.lt. The Company undertakes to respond to the submitted questions via the electronic mail till the Meeting day, except the questions related to the Company’s commercial secret and confidential information.
 During the registration to attend the Meeting the shareholders or the persons authorized by them shall submit a document which is a proof of his identity. The shareholders' authorized persons shall submit the power of attorney confirmed by the established order. The power of attorney issued by the natural person shall be notarized. A power of attorney issued in a foreign state must be translated into Lithuanian and legalized in the manner prescribed by law. Representative can be authorized by more than one shareholder and shall have a right to vote differently under the orders of each shareholder. The shareholder holding shares of the Bank, where the shares have been acquired on his own behalf, but for the benefit of other persons, must disclose before voting at the General Meeting of Shareholders to the Company the identity of the final customer, the number of shares that are put to the vote and the content of the voting instructions submitted to him or any other explanation regarding the participation agreed upon with the customer and voting at the General Meeting of Shareholders.
 Shareholder shall also have the right to authorize through electronic communication channels another person (natural or legal) to participate and vote in the Meeting on shareholder's behalf. Such authorization shall not be confirmed by the notary officer. The power of attorney issued through electronic communication channels must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the power of attorney issued through electronic communication channels by e-mail bozena.skorobogataja@snaige.lt no later than the last business day before the meeting at 2:00 p.m. The power of attorney and notification shall be issued in writing. The power of attorney and notification to the Company shall be signed with the Electronic Signature but not the letters sent via the e-mail. By submitting the notification to the Company the shareholder shall include the Internet address from which it would be possible to download free of charge software to verify an Electronic Signature of the shareholder.
 Each shareholder or representative thereof shall have the right to cast his/her vote in advance in writing by filling in a general ballot paper. The general ballot paper form is on the Company's website www.snaige.lt on menu item “For Investors”. Upon the written shareholder‘s request, the Company no later than 10 days before the Meeting shall send a general ballot paper by registered mail or hand it in person against signature. The general ballot paper filled shall be signed by the shareholder or his/her representative. In case the ballot paper is signed by the shareholder's authorized representative, such person along with the filled ballot paper shall submit the document to confirm the voting right. The ballot paper filled and the document confirming the voting right (if required) shall be submitted in a written form to the Company by registered mail at the address Snaigė AB, Pramonės street 6, LT-62175, Alytus, Lithuania, or by submitting it to the Company. Validated will be dully filled-in ballot papers, received until the meeting.
 The following information and documents are available on the website of the Company www.snaige.lt on menu item “For Investors”:
- report on the convening of the Meeting;
- the total number of the Company’s shares and the number of shares with voting rights on the convening day of the Meeting; Download
- draft resolutions on each agenda issue and other documents to be submitted to the Meeting;
- general ballot paper form. Download
 
Additional information on the stock event is provided by the analyst Božena Skorobogataja, who is available on tel.: +3705 2113589.
 Draft resolutions of the General Meeting of Shareholders are attached. Download
CV of candidates to the Board of Snaige AB. Download
 
28-02-2013
Snaigė AB improves sales results for 2012 by 31%, EBITDA by 36 percent with profits up by 5 times
Based upon (unaudited unconsolidated) 2012 results Snaigė AB grew sales to more than 150 mln LTL in 2012 which is 31 percent higher than the same period last year. The Company generated 4.6 mln LTL (unaudited unconsolidated) profit which is almost 5 times more than for the last year. EBITDA (unaudited unconsolidated) for 2012 exceeded 13 mln LTL, which is 36 percent higher than for the last year.  
This significant increase in turnover and EBITDA was reached due to successful export operations of carried out by the company. In 2012 Snaigė AB sold products to 33 European and Asian countries, export increased by 35 percent, and were 97 percent of total company sales.
For achievements in the field of export Snaigė AB was recognized as “The Exporter of 2012” and awarded the prize of Lithuanian Chamber of Commerce, Industry and Crafts.
„It is quite difficult to compete with worldwide giants in of the market for home appliances,“ – states CEO G. Čeika. „However, the results of Snaigė AB in 2012 demonstrate that it is possible“. According to G. Čeika the results are driven by several factors – high-quality product, successful marketing and sales policy, flexibility and reliability of the company.“
AB „Snaigė“ success is in connection with the company interrelation with the Russian business group „Polair“ . First of all  the company obtained more confidence taking strategic decisions, such us development of– Snaige Glassy,  premium design line of refrigerators, marketing campaign in Ukraine and Moldova, which has tremendous success in terms of sales volume and market share growth.
With the help of „Polair“ the company in year 2012 produced and sold 4,9  thousand. commercial refrigerators  in Russian market.  AB Snaige, being a part of “Polair” group, achieved tangible cost optimization on purchasing some row materials and components.
„In 2012 the company accomplished a lot by creating new products and improving the existing ones,“- says G. Čeika. At the beginning of the year we improved refrigerators „Snaigė Ice Logic“, implemented new technologies such as „Touch screen“ electronic control, „Air Active“, air circulation system, „0 ̊C Fresh Zone“ section, presented several new models of freezers.. These refrigerators received positive responses from the customers both in Lithuania and Western and Easter Europe.
In 2012 Snaigė AB invested 2 mln LTL to the development of new products and improvement of existing ones. Total investment of the company reached 3 mln LTL.
According to unaudited unconsolidated data Snaigė AB reached 148.4 mln LTL of unaudited consolidated turnover and generated 1 mln LTL of unaudited consolidated net profit in 2012.