Snaige - Notification on material event

Convocation of the ordinary General Meeting of Shareholders

Alytus, Lithuania, 2016-04-08 10:32 CEST (GLOBE NEWSWIRE) -- On 29 April 2016
the ordinary 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 – 22 April 2016 (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. Consolidated annual report of “Snaigė” AB on the company’s activity for 2015

2. Auditor’s conclusion on the company’s financial statements for 2015.

3.Approval of the set of financial statements of the company for 2015.

4.Approval of distribution of profit (loss) of “Snaigė” AB for 2015.

5. Revocation of the member of the Board and the new board member election for
the term until the end of term of the Company’s Board; 

6.Election of the audit firm for auditing purposes of financial statements and
establishment of terms regarding the payment for audit services; 

 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
vilniaus.biuras@snaige.lt. The proposals to supplement the agenda with the
additional issues shall be submitted till the 14 April 2016, 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 28 April 2016, 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 vilniaus.biuras@snaige.lt. The proposals submitted on this e-mail till
28 April 2016, 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 vilniaus.biuras@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 vilniaus.biuras@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”: 

- report on the convening of the Meeting;
- the total number of the Company’s shares and the number of shares with voting
rights on the convening day of the Meeting; 
- draft resolutions on each agenda issue (in general ballot paper) and other
documents to be submitted to the Meeting; 
- general ballot paper form.

 Additional information on the stock event is provided by telephone: +370 5
2361970. 

 Draft resolutions of the General Meeting of Shareholders are attached.


         Managing Director
         Gediminas Čeika
         +370 315 56206

Attachments:

VAS balsavimo rastu biuletenis_Common voting_paper_2016_04_29.pdf

Sprendimu projektai_Draft resoliution.pdf