Major Events 2017
29-11-2017
Snaigė AB consolidated interim financial information for the first three months of 2017 download
Consolidated interim financial information for the nine months of 2017 - download here
 
10-11-2017
Notification about disposal/acquisition of voting rights. Snaige AB received a notification about disposal of voting rights in the company by Bevorano Holdings Limited  and acquisition by Sekenora Holdings Limited (the date of disposal/acquisition of voting rights – 6 November 2017)
 
26-10-2017
Notification about disposal/acquisition of voting rights. Snaige AB received a notification about disposal of voting rights in the company by Bevorano Holdings Limited  and acquisition by Sekenora Holdings Limited (the date of disposal/acquisition of voting rights – 23 October 2017).
 
13-09-2017
Notification about disposal/acquisition of voting rights. Snaige AB received a notification about disposal of voting rights in the company by Bevorano Holdings Limited  and acquisition by Sekenora Holdings Limited (the date of disposal/acquisition of voting rights – 01 September 2017).
30-08-2017
Unaudited consolidated financial results of Snaigė AB for the first six months of 2017.
Snaigė AB reached EUR 18,9 million turnover (according to consolidated unaudited data) within the first six months of this year, which is 0.5% lower than during the same period last year.Even though, due to rising prices of raw materials, first half results of the company were worse that the same period results last year, company sales revenue remained the same. Increasing sales volume in markets, where Snaigė sells products under its own brand, is a very positive trend – said Gediminas Čeika, General Director of Snaigė AB. “We are particularly happy about our recovering sales in Ukraine. Compared to the same period last year, sales in this country went up by 60% in the first half of 2017,” Mr Čeika added.France, Germany, Ukraine, Poland and the Czech Republic remain the company's largest markets.
According to consolidated unaudited data, the company reached 1 million EBITDA and suffered EUR 179 thousand pre-tax loss during the first half of this year
 
23-08-2017
Resolutions of the Extraordinary Meeting of Shareholders download
1 Addition. The Company shares purchase conditions download
2 Addition. Board members Remuneration procedure download
3 Addition Board Member Agreement download
 
16-08-2017
Supplemented notifications about disposal/acuisition of voting rights (in 8 parts)
Snaige AB received a notification about disposal of voting rights in the company by UAB “Vaidana” and acquisition by Bevorano Holdings Limited  (the date of disposal/acquisition of voting rights – 23 June 2017).
 
11-08-2017
By the application of shareholders the agenda is supplemented with 4 and 5 questions and proposed drafts of decisions to these questions download
Draft resolutions of the General Meeting of Shareholders are attached download
The total number of the Company’s shares and the number of shares with voting rights on the convening day of the Meeting download
General ballot paper form download

01-08-2017
Convocation of the extraordinary General Meeting of Shareholders download
The total number of the Company’s shares and the number of shares with voting rights on the convening day of the Meeting download
General ballot paper form download
Draft resolutions of the General Meeting of Shareholders are attached download
 
29-06-2017
Notification about disposal/acquisition of voting rights. Snaige AB received a notification about disposal of voting rights in the company by UAB “Vaidana” and acquisition by Bevorano Holdings Limited  (the date of disposal/acquisition of voting rights – 23 June 2017).
 
14-06-2017
Notification about disposal/acquisition of voting rights
download
 
31-05-2017
Snaigė AB consolidated interim financial information for the first three months of 2017
Snaigė AB reached an EBITDA of EUR 452 thousand (according to consolidated unaudited data) within the first quarter of this year, which is 3% higher than during the same period last year.
The unconsolidated unaudited sales of the company exceeded EUR 7 million and were slightly higher than during the same period last year. According to Gediminas Čeika, Director General of Snaigė AB, the first quarter of the year was traditionally inactive, these months in the business of consumer refrigeration equipment are considered “off season”.
In Čeika’s opinion, this year will be full of challenges. “Most of raw material suppliers as early as last year declared an increase of the prices of raw materials and materials. This will inevitably have influence on our business too. Competition will become fiercer since not all the producers are going to increase prices. Yet we are also ready to actively operate in all our markets and especially the ones where we sell our production with the trademark of “Snaigė”.
Consolidated interim financial information for the first three months of 2017 - download here
 
03-05-2017
Regarding payout of dividends related to 2016
AB "Snaigė", Pramones str.6, Alytus, Lithuania.
 The April 25, 2017 general meeting of shareholders of Snaigė AB (company code 249664610, address: Pramones str. 6, Alytus, Lithuania) resolved to distribute the company’s profit of 2016 and to allocate dividends to the company’s shareholders amounting to EUR 0.024 (before taxes) per share.
Dividends will be paid to the shareholders who are shareholders of Snaigė AB at the end of the tenth business day after approval of the resolution by general meeting of shareholders, i.e. May 10, 2017.
Dividends will be paid starting from May 11, 2017.
Dividends will be paid in the following procedure:
For those shareholders, whose securities accounting is handled by securities dealers or departments of credit institutions providing the securities accounting services, net of tax dividends (after deducting Personal Income Tax or Income Tax in accordance with the laws of the Republic of Lithuania) shall be transferred to the securities dealers or departments of credit institutions, and they shall accordingly transfer them to the account of those shareholders.
Dividends to other shareholders will be paid upon a written request by bank transfer to their personal account. The requests, containing personal bank account details, should be submitted in written form and sent to the company’s address (AB "Snaigė", Pramones str.6, Alytus, Lithuania or e-mail address akcininkams@snaige.lt).
The dividends are subject to taxes as follows:
Dividends paid to physical bodies resided in the Republic of Lithuania as well as to physical bodies residents of foreign countries are subject to 15 per cent of residential income tax and will be paid after deduction of taxes, which will be paid to the Republic of Lithuania budget.
Dividends paid to juridical bodies of the Republic of Lithuania as well as juridical bodies residents of foreign countries are subject to taxes as it is provided in Republic of Lithuania law.
The information available by AB "Snaigė" phone +37052113589
 
26-04-2017
Resolutions of the General Meeting of Shareholders
The General Meeting of shareholders of Snaige AB was held on 25 April 2017.
At the meeting was made following resolutions:
1.     THE AGENDA QUESTION: Consolidated annual report of Snaigė AB on the company’s activity for 2016.
In the meeting taken for information the consolidated annual report of Snaigė AB on the company’s activity for 2016.
2.    THE AGENDA QUESTION: Auditor’s conclusion on the company’s financial statements for 2016.
In the meeting taken for information with the auditor’s conclusion on the company’s financial statements for 2016.
3.    THE AGENDA QUESTION:  Approval of the set of financial statements of the company for 2016.
THE DECISION: The set of financial statements of the company for 2016 has been approved
4.    THE AGENDA QUESTION:  Approval of distribution of profit (loss) of Snaigė, AB for 2016.
THE DECISION: The distribution of profit (loss) of Snaigė,AB for 2016 has been approved:
Non-distributed profit (loss) at the end of the last financial year    EUR (3,332,035)
Net result - profit (loss) of financial year    EUR 1,088,023
Non recognized profit (loss) in the profit (loss) statement     EUR 125,661
The reduction of the authorized capital    EUR 3,169,792
Transfers from reserves    EUR 885,477
for social and cultural needs    0
for investments    0
Transfers from reserve foreseen by law    EUR 885,477
Transfers from reserve of share premium for covering of loss    0
Contributions of shareholders to cover loss    0
Distributable profit (loss)    EUR 1,936,918
Portion of profit allocated to reserves foreseen by law    EUR 946,161
Portion of profit allocated  to other reserves    0
for support and charity    0
for social and cultural needs    0
Portion of profit allocated for payment of dividends    EUR 950,937.48*
Portion of profit allocated for payment of premiums    0
Portion of profit allocated for payment of tantiemes    0
Other:    0
portion of profit allocated to reserve for acquisition of own shares    EUR 30,000
portion of profit allocated to reserve for investments    0
Non-distributed result - profit (loss) at the end of financial year    EUR 9,819.52
*Dividends for the year 2016 are allocated to 39,622,395 shares, i.e. 0.024 eur per share (before taxes).
5. THE AGENDA QUESTION:  Board member(-s) election.
THE DECISION: For the term until the end of term of the Company’s Board to elect the candidate(-s) Natalia Tsvetkova and Nataliia Sukhanova
The General Manager of the Company was authorized (including the power to delegate) to perform all necessary actions, sign and submit documents related with changed  information to the Register of Juridical persons.
6. 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 2017 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.
Voting results - download
 
04-04-2017
For the change the date of the ordinary General Meeting of Shareholders download
The total number of the Company’s shares and the number of shares with voting rights on the convening day of the Meeting download
General ballot paper form download
Draft resolutions of the General Meeting of Shareholders are attached download
 
22-03-2017
Resignation of the Member of the Management Board. The member of the Management Board Snaige, AB Vladislav Sviblov presented the request on the resignation from the members of the Board from 4th of April, 2017
 
14-03-2017
Convocation of the ordinary General Meeting of Shareholders
On 5 April 2017 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 the ordinary General Meeting of Shareholders (hereinafter, the “Meeting”).
 The place of the meeting –at AB “Snaige” office, at the address Kareiviu str. 6, Vilnius, Lithuania.
 The Meeting commences – at 10 a.m. (registration starts at 9.45 a.m.).
 The Meeting’s accounting day – 29 March 2017 (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 Right’s accounting day – 20 April 2017.
 The Board of directors of the Company initiates and convenes the meeting.
 Agenda of the Meeting:
1. Consolidated annual report of “Snaigė” AB on the company’s activity for 2016
2. Auditor’s conclusion on the company’s financial statements for 2016.
3.Approval of the set of financial statements of the company for 2016.
4.Approval of distribution of profit (loss) of “Snaigė” AB for 2016.
5. The Board member(-s) election;
6.Election of the audit firm for auditing purposes of financial statements and establishment of terms regarding the payment for audit services;
 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, +370 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, Pramonės street 6, LT-62175 Alytus, 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 20 March 2017, 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. 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 4 April 2017, 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 vilniaus.biuras@snaige.lt. The proposals submitted on this e-mail till 4 April 2017, 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, 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 (in general ballot paper) and other documents to be submitted to the Meeting;
- general ballot paper form download
 Additional information on the stock event is provided by telephone: +370 5 2361970.
 Draft resolutions of the General Meeting of Shareholders are attached download
 
28-02-2017
2016: profit of Snaigė AB on the rise, while sales dropped download
 
09-02-2017
Regarding the decision of the Supervision Service of the Bank of Lithuania and the position of the Company
AB Snaigė (hereinafter the Company) has received a decision No. 241-15 dated 30 January 2017 on imposition of certain measures with respect to AB Snaigė, adopted by the director of the Supervision Service of the Bank of Lithuania. In compliance with the decision, hereby we disclose and make available information referred to in clause 3 of the resolution part of the above decision.
This report is accompanied by an extract from clause 3 of the resolution part of the decision No. 241-15 of the Supervision Service of the Bank of Lithuania and AB Snaigė information download