Decisions of the Management Board of Apranga APB made on 20 October 2005
The Management Board of Apranga APB made the following decisions
on 20 October 2005:
1. To call Extraordinary General Meeting on 2 December 2005.
2. Proposed agenda of the Extraordinary General Meeting:
1. To increase the authorized capital from the company's funds.
2. To approve amendments to the Articles of Association due to increase
of the authorized capital.
3. It is proposed to the General Meeting to increase the authorized capital
from the company's funds from LTL 8 822 990 (EUR 2 555 315) to LTL 35 291 960
(EUR 10 221 258) by issuing additional 26 468 970 shares with the nominal value
of LTL 1 (EUR 0.28962) per share and passing them to the shareholders for free
in the proportions of the nominal value of the shares owned on the date of
the General Meeting which adopts the resolution to increase the authorized
capital.
4. General Manager Rimantas Perveneckas presented Apranga APB Group forecasts
for the year 2006: forecasted turnover – LTL 260 million (EUR 75.3 million),
increase of the turnover – 30%, intends to launch 15 new shops, make
investments of over LTL 20 million (EUR 5.8 million).
Rimantas Perveneckas
General Manager
(8-5) 2390 801
