Major Events 2018
27-11-2018
SNAIGĖ, AB managed consequences of raw material prices rise  download
 
09-11-2018
AB Snaigė appealed against the Court decision.
Vilnius Regional Administrative Court has rejected AB Snaigė (hereinafter the Company) complaint concerning partial revocation of the director of the Supervision Service of the Bank of Lithuania adopted decision No. 241-19 dated 29 January 2018 on imposition of certain measures with respect to AB Snaigė.  The management of the Company examined the Court decision to reject Company‘s complaint, and found this decision unjustified. Therefore, the Company has appealed against it to the Supreme Administrative Court of Lithuania.
 
09-10-2018
The Court decision received
Vilnius Regional Administrative Court has rejected AB Snaigė (hereinafter the Company) complaint concerning partial revocation of the director of the Supervision Service of the Bank of Lithuania adopted decision No. 241-19 dated 29 January 2018 on imposition of certain measures with respect to AB Snaigė.
The management of the Company is examining received Court decision and is assessing the possibilities of appeal.
 
04-10-2018
The Company concluded the transaction with the related party.
The transaction date - 25 September 2018 
The related party - The Company’s Board member Konstantin Kovalchuk, the address for correspondence: Pramones str. 6, Alytus, Lithuania.
The transaction value - EUR 10683378,62 (ten million six hundred eighty three thousand three hundred seventy eight euro and 62 euro cents) (The Claim Right).
The agreement is concluded for the assignment claim right towards HYMANA HOLDINGS LIMITED, arising from the Agreement for the Assignment (Cession) dated 24 November 2015 concluded between the Company and HYMANA HOLDINGS LIMITED, assigned to the Company’s Board member K. Kovalchuk (Assignee).
The Claim Right shall be assigned by installments and when the Assignee makes a payment and funds  are credited to the Company’s bank account, respective part of the Claim Right in amount corresponding to the amount of funds received  shall be considered to be assigned to the Assignee by the Company. The Assignee shall not in any case be considered as acquired the whole Claim Right if the amount paid by the Assignee and credited in the Company’s bank account is lower than an amount of the Claim Right. The Company shall have a right to terminate the Agreement unilaterally if the Assignee fails to pay any installment. The last installment has to be made by the Assignee to the Company not later than on 1st October 2020.
If these conditions are fulfilled, this transaction is considered as beneficial to the Company, because:
- it is expected that funds which have not been paid by Hymana Holdings Limited shall be returned to the Company and can be used by the Company invest into new products and projects.
- the Company does not experience any additional expenses;
- if this transfer of claim right is cancelled at any time or is not executed at all, the Company remains at least in the same position.
The Audit Committee of the Company has considered execution of the agreement with Konstantin Kovalchuk and the Management Board of the Company approved the agreement with Konstantin Kovalchuk on 24 September 2018.
For the additional information please contact the Company.
 
01-10-2018
Company's information on the Equity  download
 
01-10-2018
Resolutions of the Extraordinary General Meeting of Shareholders  download
- the voting results download
- public company Snaigė articles of association download
 
31-08-2018
On 1 October 2018 the extraordinary General Meeting of Shareholders of Snaigė AB is convened 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
- public company Snaigė articles of association download
 
 
31-08-2018
Profit of SNAIGĖ AB was cut by rising prices of raw materials - Download
 
31-05-2018
Profit of SNAIGĖ AB was cut by rising prices of raw materials - Download
 
30-04-2018
Resolutions of the General Meeting of Shareholders
The General Meeting of shareholders of Snaige AB was held on 30 April 2018.
At the meeting was made following resolutions:
 THE AGENDA QUESTION: Consolidated Consolidated annual report of “Snaigė” AB on the company’s activity for 2017 with information about the Company strategy and its implementation.
In the meeting taken for information the the consolidated annual report of “Snaigė” AB on the company’s activity for 2017 with information about the Company strategy and its implementation.
2.    THE AGENDA QUESTION: Auditor’s conclusion on the company’s financial statements for 2017.
In the meeting taken for information with the auditor’s conclusion on the company’s financial statements for 2017.
3.    THE AGENDA QUESTION:  Approval of the set of financial statements of the company for 2017.
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 2017.
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
9,818 Eur
Net result - profit (loss) of financial year
(12,615,960) Eur
Distributable result- profit (loss)  of financial year
(12,606,142) Eur
Transfers from reserves:
976,161 Eur
For the acquisition of own shares
30,000 Eur
Transfers from mandatory reserve
946,161 Eur
Distributable profit
(11,629,981) Eur
Distribution of profit
946,161 Eur
To reserve foreseen by law
946,161 Eur
Non-distributed result - profit (loss) at the end of financial year
(12,576,142) Eur
 
5. THE AGENDA QUESTION:  The reduction of  the authorized capital.
THE DECISION: To reduce the authorized capital of the Company from EUR 11,886,718.50 till EUR 8,320,702.95. The authorized capital will be reduced by EUR 3,566,015.55.
The authorized capital is reduced by reducing nominal value of existing shares by 0.09 euro per share. The nominal value of the share after reduction will be 0.21euro per share.
To approve changes of p. 4.1 and p. 5.1 of the articles of association, related to reduction of the authorized capital of AB „Snaigė“, as follows:
“4.1. The authorized capital of the Company is EUR 8,320,702.95 (eight million three hundred twenty thousand seven hundred two euro and 95 eurocents).“
and
„5.1. The authorized capital of the Company is divided into 39,622,395 (thirty nine million six hundred twenty two thousand three hundred ninety five) shares. The nominal value of one share is 0.21 euro (twenty one eurocent).“
To approve changes of the article of association related with the reduction of the authorized capital and approve the new redaction of the changed articles of association (addition)
6. THE AGENDA QUESTION: The restoration of the revaluation reserve.
THE DECISION: The amount by which is reduced the authorized capital of the Company, i. e. EUR 3,566,015.55 to transfer to revaluation reserve.
7. THE AGENDA QUESTION: The authorization.
THE DECISION: To authorize the General Manager of the Company Gediminas Čeika (with the right to reauthorize) to perform all necessary actions relating to implementation of approved decisions by the ordinary shareholders meeting and to sign changed articles of association.
8. THE AGENDA QUESTION: The restoration of the revaluation reserve.
THE DECISION: To revoke Natalia Tsvetkova and Svetlana Ardentova from AB “Snaigė” Board members and for the vacant positions for the term until the end of term of the Company’s Board to elect Mikhail Stukalo; Anna Kovalchuk; Konstantin Kovalchuk
Note:The Board of Snaigė AB proposed from the members of Board  to revoke Nataliia Sukhanova, however on 13 of April 2018, Snaigė AB has got notification from board member Nataliia Sukhanova (notification signed on 12 of April 2018) about her resignation from the position of the board member of Snaigė AB effective from 26 April 2018. This N. Sukhanova notification came in force before the general Snaige AB shareholders meeting.
To authorize the General Manager of the Company (with the right re-authorize) to perform all necessary actions, sign and submit documents related with changed  information to the Register of Juridical persons.
Voting results - download
 
27-04-2018
AB "Snaigė" information for the ordinary general shareholders meeting
AB "Snaigė" information for the ordinary general shareholders meeting of the Company which will be held on 30 April 2018. Download
 
20-04-2018
Correction of annual result of SNAIGĖ AB
In line with the accounting standards and fulfilling the obligatory decision of the Supervisory board director of the Bank of Lithuania No. 241-19, Snaigė AB adjusted its anual financial result  of year 2017 by reclassifying loans and accrued interest to group companies, worth 12.2 million EUR, to the doubtful debts. The Company had mentioned about possibility of such decision in its interim annual reports.
According to Gediminas Čeika, General Director of the Company, such debt reclassification worsened the company's annual financial result, but this does not mean that the debt is written-off or will not be required to be repaid. Moreover, the group companies have not violated the terms of the contracts, and the deadlines for repaying loans have not yet come to an end.
There were no more significant adjustments in Company results . The audited annual reports of the Company will be published next week
 
19-04-2018
The supplemented agenda of the ordinary General Meeting of Shareholders Snaige AB 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
- 30 of April 2018 "Snaigė" AB ordinary shareholders meeting THE ADDITION OF THE COMMON VOTING-PAPER download
- draft resolutions of the General Meeting of Shareholders are attached download
 
13-04-2018
Resignation from the position of the board member of SNAIGĖ AB
On 13 of April 2018, Snaigė AB has got notification from board member Nataliia Sukhanova (notification signed on 12 of April 2018) about her resignation from the position of the board member of Snaigė AB effective from 26 April 2018
 
06-04-2018
On 30 April 2018 the ordinary General Meeting of Shareholders of Snaigė AB is convened 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
 
12-03-2018
The annulment of the notification regarding the resignation from the position of the board member of AB „Snaigė“. On 11 of March 2018, AB „Snaigė“ has got notification from the board member Nataliia Sukhanova (notification signed on 9 of March 2018) about her annulment of the notification regarding the resignation from the position of the board member of AB „Snaigė“ effective from 12 March 2018. N. Sukhanova remains the board member of AB „Snaigė“
 
28-02-2018
Rising raw material prices have reduced the profit of SNAIGĖ AB download
 
28-02-2018
AB Snaigė will appeal against the decision of the Bank of Lithuania download
 
27-02-2018
Resignation from the position of the board member of AB „SNAIGĖ“
On 27 of February 2018, AB „Snaigė“ has got notification from board member Nataliia Sukhanova (notification signed on 26 of February 2018) about her resignation from the position of the board member of AB „Snaigė“ effective from 12 March 2018
 
15-02-2018
Resolutions of the repeat Extraordinary General Meeting of Shareholders download
Voting results download
 
05-02-2018
Company’s management opinion concerning the decision of the director of the Supervision Service of the Bank of Lithuania download
 
01-02-2018
Regarding the decision of the director of the Supervision Service of the Bank of Lithuania download
Extract from clause 3 of the resolution part of the decision No. 241-19 of the Director of the Supervision Service of the Bank of Lithuania download
 
31-01-2018
AB “ Snaigė ” Extraordinary General Meeting of Shareholders didn’t take place. Repeated Extraordinary General Meeting of Shareholders will be held on February 15, 2018 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
 
09-01-2018
On 31 January 2017 the extraordinary General Meeting of Shareholders of Snaigė AB is convened 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