Major Events 2019
11-09-2019
AB SNAIGĖ – management change 
The Board of AB SNAIGĖ has appointed Mindaugas Sologubas, CFO of the company, as the new general manager of the company. M. Sologubas will take up his new position from 21st of September.
Such a decision was made after the current CEO Gediminas Čeika decided to take on new challenges, and his departure was approved by the Board.
G. Čeika has been General Manager of AB Snaigė almost 12 years. Under his leadership, the company successfully overcame the 2008 crisis, the partial loss of one of the most profitable Ukrainian market, the rise in raw material prices, other challenges of the refrigeration industry by keeping the company competitive and attractive to consumers and customers. AB SNAIGĖ has repeatedly been acknowledged as the most innovative company of Lithuania, the largest exporter and the winner of the gold medal of the Lithuanian Product of the Year. Gediminas Čeika himself was nominated as one of the best CEO in Lithuania.
Mindaugas Sologubas has been the Chief Financial Officer of AB SNAIGĖ since 2014. Prior to that he was head of the Ukrainian company Ligris
 
26-08-2019
SNAIGĖ, AB – significant growth in EBITDA download
 
14-08-2019
Resolutions of the Extraordinary General Meeting of Shareholders  download
- the voting results download
- public company Snaigė articles of association download
 
02-08-2019
The amended Articles of Association of AB “Snaigė” is registered in the Register of Legal Entities

On 30 July 2019 the amended Articles of Association of AB “Snaigė” was registered in the Register of Legal Entities. Amendments were approved on the repeated general meeting of shareholders which was held on 15 May 2019, taking into consideration the amendments of the Republic of Lithuania Law on Companies that come into force after registration of the last wording of the articles of association, supplemented p. 6.3 of the articles of association by authorizing the Board to establish committees and for supervision function execution.
 
2019 articles of company changed p. 6.3 download
 
23-07-2019
Notification on material event
Convocation of the extraordinary General Meeting of Shareholders

On 14 August 2019 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 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 – 7 August 2019 (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.    The correction of the Company situation and reduction of  the authorized capital
2. Election of the audit firm for auditing purposes of financial statements and establishment of terms regarding the payment for audit services;

The information related to 1 question of Agenda of the Meeting:
The purpose of reduction of authorized capital: according 52 article 2 part 1 point of Law on Companies of Lithuanian Republic (only for elimination losses in the balance of the Company and in that way the ratio of equity and of authorized capital will be restored (LR Law on Companies article 38 part 3)). According the Company‘s I quarter’s 2019 year financial statements in the Company is related situation with the Company‘s equity and the authorized capital ratio as indicated in article 38 part 3 of Lithuanian Republic Law on Companies.
The method of reducing of authorized capital: by reducing nominal value of existing shares (see attached projects of decisions).
 
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 snaige@snaige.lt. The proposals to supplement the agenda with the additional issues shall be submitted till the 30 July 2019, 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 13 August 2019, 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 snaige@snaige.lt. The proposals submitted on this e-mail till 13 August 2019, 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 snaige@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 snaige@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”:

- 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 download;
- general ballot paper form download.
 Additional information is provided by telephone: +370 315 56206

 
 
06-06-2019
Information on election of the Chairman of Board of AB Snaigė.
The Board of AB Snaigė by decision dated on 27 May 2019 elected Aleksey Kovalchuk as the Chairman of the Board.
 
31-05-2019
AB SNAIGĖ I quarter sales - more profitable
According to unaudited consolidated data, AB Snaigė reached a turnover of EUR 6.7 million in the I quarter of 2019, i.e. 12 percent lower than the same period last year. Despite lower unaudited consolidated I quarter turnover, the company's profitability increased 1.5 times. Inreased profitability also had positive effect to EBITDA, which was negative (EUR -92 thousand), but significantly better than in the same period last year (loss of EUR 291 thousand).
According to Gediminas Čeika, General Manager of AB Snaigė, the results of the first quarter show that the company's profitability is gradually returning to the usual track. "We have experienced the price scissors that have arisen between 2017-2018 with rising commodity prices and unrivalled sales prices, so the relatively high profitability in the I quarter is optimistic," said Čeika. “This year we will continue to promote profitable sales, optimize production, and increase productivity. However, the most important project of the company in 2019 is diversification of the product portfolio and preparation of a new product line for serial production.”
 
15-05-2019
Resolutions of the Repeated General Meeting of Shareholders download
Voting results download
2019 articles of company changed p. 6.3 download
 
30-04-2019
Snaigė AB General meeting of Sharehorders didn’t take place on 30 April 2019 because there was no quorum. The repeated ordinary General Meeting of Shareholders Snaigė AB will be held on 15 May 2019  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
Draft resolutions on each agenda issue and other documents to be submitted to the Meeting download
Snaige AB Financial Statements 2018 download
 
29-04-2019
Snaigė AB information for the ordinary general shareholders meeting of the Company which will be held on 30 April 2019
Consolidated and separate financial statements for the year ended  31 december 2018 download
Annual profit (loss) allocation of Snaigė AB for the year 2018 download
 
08-04-2019
Convocation 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
Draft resolutions on each agenda issue and other documents to be submitted to the Meeting download
General ballot paper form download
 
28-02-2019
SNAIGĖ AB managed consequences of raw material prices rise  download
 
07-03-2019
Information regarding resolutions of 1th of October 2018 the Extraordinary General Meeting of Shareholders  download
 
24-03-2019
Resignation from the position of the board member of SNAIGĖ AB
On 14 of March 2019, Snaigė AB has got notification from board member Mikhail Stukalo about his resignation from the position of the board member of Snaigė AB. The resignation date indicated in this notification is 12 March 2019.
 
03-04-2019
Information regarding Snaigė AB complaint to District Court of Vilnius City for notary refusal to perform notarial acts.
On 29 March 2019, District Court of Vilnius City decided to suspend examination of the civil case regarding Snaigė AB complaint on notarial acts until Snaigė AB 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 Snaigė AB will be solved in administrative case