AB „SNAIGĖ“ - NASDAQ OMX Baltic

Consolidated annual report for year 2008
such investors instead of cash, payable on the redemption day, newly issued bonds with corresponding
acquisition value were granted. Major shareholders of AB “Snaigė”, who were also the holders of largest part
of bond issue of year 2008, decided to refinance all securities. In total bond holders have refinanced 85% of
year 2008 bonds issue.
The company will start negotiation with the owners of bonds which were not redeemed regarding settlement
of new redemption term.
19 March 2009. Notice of the General Meeting
On March 19, 2009 Management board of AB „Snaigė“ decided to convene the Annual General Meeting
AB „Snaigė“ (code 249664610) shareholders on April 22, 2009 at 10:00 in the main meeting hall of the
company (Pramonės str. 6, Alytus). Registration starts 9:30 pm, ends- 9:50 pm. On the agenda:
1. The annual report on the company‘s activities for the year 2008;
2. Auditor‘s report on company‘s financial statements of the year 2008;
3. Approval of company‘s annual financial statements of the year 2008;
4. Approval of the 2008 profit appropriation;
5. Changes in the Company's Statute;
6. Election of Management Board member;
7. Members of audit committee election and regulations of committee approval.
Shareholders who at the end of the accounting day of the Annual General Meeting of Shareholders, i.e. April
15, 2009, will be on the shareholders list of the Company have a right to participate and vote at the General
Meeting personally, by proxy, or represented by a person with whom an agreement on the transfer of voting
rights is concluded.
The shareholders attending the meeting must provide personal identification document. The authorized
representatives of the shareholders must additionally posses a proxy approved by the procedure prescribed by
law.
19 March 2009. Resignation of the Member of the Management Board
On 18 March, 2009, member of the Management Board "Snaige" AB Domininkas Kašys presented the
request on the resignation from the members of Management Board from 1st of April, 2009.
10 March 2009. AB „Snaigė“investments in year 2009
Investments of the only refrigerator manufacturer in the Baltic States AB „Snaigė“in year 2009 will amount
up to 1.8 m.LTL. These investments will be intended to maintain effective functioning of current
technological base.
9 March 2009. AB „Snaigė“ will not work for 4 days
Alytus, 9 March 2009. Alytus factory of the only refrigerators producer in the Baltic states AB „Snaigė“ from
9 March 2009 will not work for 4 days.
According to the director general Gediminas Čeika, the company meets its customers‘ demand both by
manufacturing new products and selling already manufactured products form the warehouses. „After the
decrease in demand in main company‘s markets we are seeking not to increase the number of ready-made
products kept in warehouses and to manufacture only the amount for which we have outstanding orders“ -
said Gediminas Čeika.
According to Gediminas Čeika, effective management of manufacturing processes and minimization of costs
are the main means to assure successful business activity during current adverse economic period.
Prepared by UAB FMĮ „Orion Securities“ p. 69