Zemaitijos Pienas - Notification on material event

Regarding general meeting of shareholders

Telšiai, Lietuva, 2016-05-24 12:30 CEST (GLOBE NEWSWIRE) -- On JSC "Žemaitijos
pienas" Board's initiative and decision, JSC "Žemaitijos pienas" (registered
office Sedos str. 35, Telšiai, Company code 180240752) ordinary general meeting
of shareholders is being called on June 14th, 2016. 

Meeting place - Public company "Telšiai district business incubator", meeting
hall, address Sedos 34A, Telšiai. 

Meeting starts at 3:00 PM (registration starts at 2:00 PM, registration place -
Public company "Telšiai district business incubator", meeting hall, address
Sedos 34A, Telšiai). 

Meeting accounting day - June 07th, 2016 (only those persons have the right to
participate and vote at the general meeting of shareholders, who will be the
Company's shareholders at the end of the general meeting of shareholders
accounting day, or their authorized persons, or persons, with whom an agreement
of voting right transfer is concluded). 

Rights accounting day - June 29th, 2016 (shareholders will use shareholders'
property rights, arising from decisions adopted during the general meeting of
shareholders, in proportion to the number of shares they have at the end of
rights accounting day). 

Meeting agenda:

  1. Organizational issues of the general meeting of shareholders;
  2. Buy back the shares of Žemaitijos pienas;
  3. For the next extraordinary meeting of shareholders;

The Company does not provide a possibility to participate and vote at the
meeting by electronic means of communication. 

Decision drafts regarding the meeting agenda issues, documents, that are going
to be presented for general meeting of shareholders, and information, related
to execution of shareholders rights are going to be announced no later than 21
days before the meeting, in accordance to the legislation. 

Shareholders, whose shares give them no less than 1/20 of all votes, can
propose to supplement meeting agenda, providing a shareholder's meeting
decision draft along with every proposed additional issue or, if the decision
is unnecessary to be made, explanation. Proposals to supplement the agenda
shall be delivered in writing or by email. 

Proposals in writing shall be delivered to the secretary's office during
working hours or sent by registered mail to address: JSC "Žemaitijos pienas",
Sedos str. 35, Telšiai. Proposals by email shall be delivered by sending them
by email info@zpienas.lt, proposals should be submitted no later than in time
limits indicated in the Law of limited liability companies of the Republic of
Lithuania. 

Proposals to supplement the agenda with additional issues shall be submitted
according to procedures and conditions of the Law of limited liability
companies of the Republic of Lithuania.  Shareholders have the right to submit
questions for the Company, related to meeting agenda issues. Shareholders can
submit questions by email info@zpienas.lt, no later than 3 working days before
the meeting. Company will answer the questions by email until the meeting. 

In registration to attend the meeting, shareholders or their authorized persons
shall provide an identity document. Persons authorized by shareholders shall
provide a power of attorney according to the laws. Power of attorney granted by
natural person must be certified by the lawyer. Power of attorney issued in a
foreign country must be translated into Lithuanian and legalized according to
the laws. Authorized person can be authorized by more than one shareholder and
vote differently according to each shareholders' orders. 

The Company does not establish a special form of power of attorney. A
shareholder holding shares of the Company, acquired on its own name but on
behalf of other persons, before voting at the general meeting of shareholders
shall disclose to the Company final customer's identity, the number of shares,
which are used to vote and the content of voting instructions provided to him
or any other explanation regarding participation and voting at the general
meeting of shareholders agreed with the client. A shareholder may vote with the
votes granted by the corresponding part of shares differently from the votes
granted by other corresponding shares. 

Shareholder or his authorized person can vote in advance in writing by filling
in the general voting bulletin. General voting bulletin form will be published
no later than 21 day before the meeting. Under the request of shareholder, the
Company sends the general voting bulletin by registered mail or delivers it
personally upon signature no later than 10 days before the meeting. Filled
general voting bulletin shall be signed by the shareholder or his authorized
person and provide the documents supporting the power of attorney. If the
general voting bulletin is signed by the shareholder's authorized person, the
document confirming the right to vote shall be submitted along with it. Filled
general voting bulletin along with supplement documents (if necessary) shall be
submitted to the Company by sending registered mail to the secretary's office,
by address JSC "Žemaitijos pienas", Sedos str. 35, Telšiai no later than the
last working day before the meeting.  Decision drafts of the general meeting of
shareholders and other information are going to be announced in accordance to
the legislation. 


         Lawyer
         Gintaras Keliauskas
         + 370 444 22208

Attachments:

draft decisions 20160614En..pdf