Zemaitijos Pienas - Acquisition or disposal of the issuer's own shares

Decision of the Board of AB “Žemaitijos pienas” of June 27, 2016

Telšiai, Lithuania, 2016-06-28 11:18 CEST (GLOBE NEWSWIRE) -- The Board of AB
“Žemaitijos pienas” has decided: 



1.1. To acquire up to 10 per cent of the company’s own shares (calculating
together with the shares already owned by the company). Maximum number of the
company’s ordinary registered shares to be acquired – 2.766.879 units; 

1.2. To use the funds of the reserve for acquiring own shares to pay for the
acquired own shares (4.344 million Euro are reserved for acquiring own shares). 

1.3. To establish the price for acquiring own shares – 0.67 Eur (sixty seven
cents) for one ordinary registered share of AB “Žemaitijos pienas”. 

1.4. To establish the period for acquiring own shares – 30 (thirty) calendar
days. To buy shares from July 04, 2016 to August 02, 2016, inclusively. 

1.5. To implement the official offer by using AB “Šiaulių bankas”, managing the
records of the securities issued by the company. 

1.5.1. To authorize the General Director of the company, Robertas Pažemeckas,
to sign the agreement with AB “Šiaulių bankas” (company No. 112025254) for
mediation in implementing the official offer, performed while purchasing the
company’s own shares. 


         Lawyer
         G. Keliauskas
         + 370 444 22208