OREANDA-NEWS. May 17, 2011. The Annual General Meeting of Shareholders of Vilniaus Baldai AB (identification code 121922783, address Savanoriu ave. 178, Vilnius, LT-03154) decided to pay out 4 litas dividend per share.

Dividends will be paid to the shareholders who at the end of the tenth business day following the day of the Annual General Meeting that adopted a decision on dividend payment, i.e. on 12 May 2011 were shareholders of Vilniaus Baldai AB.

From 26 May 2011 the dividends will be paid out in the following order:

- to the shareholders, who’s Vilniaus Baldai AB shares are accounted by a financial brokerage company or credit institutions, which provide securities accounting services, the dividend amount, after deduction of Personal or Corporate withholding income tax applicable by the laws of Lithuania, will be transferred to the shareholders’ accounts held with a respective financial brokerage company or credit institution;

- to the shareholders, who’s Vilniaus Baldai AB shares on behalf of the Company are accounted by the authorised custodian Finasta AB FMI, the dividend amount, after deduction of Personal or Corporate withholding income tax applicable by the laws of Lithuania, will be transferred to the shareholders’ accounts with Lithuanian commercial bank as indicated by the shareholders (requests with account indications should be submitted to any branch Maironio st. 11, Vilnius).

Procedure for the will be taxed Dividends for the year 2010:

- dividends paid to natural persons–residents of the Republic of Lithuania and natural persons–residents of foreign countries are subject to withholding Personal income tax of 20 per cent;

- dividends paid to legal entities of the Republic of Lithuania and legal entities–residents of foreign countries are subject to withholding Corporate income tax of 15 per cent, unless otherwise provided for by the laws.

Residents of the foreign countries, which have concluded agreements on Avoidance of Double Taxation with the Republic of Lithuania, could take advantage of reduced tariffs provided by such agreements by submitting Claim for Reduction or Exemption from the Anticipatory Tax Withheld at Source, form FR0021 (DAS-1) till 23 May 2011.