Zemaitijos Pienas AB - Notification on material event

Draft Resolutions of the General Shareholder Meeting to be held on 17.04.2009

08-04-2009

Draft Resolutions of the General Shareholder Meeting to be held on 17.04.2009

Gintaras Keliauskas
Lawyer
tel. (+ 370- 444) 22208.



JOINT STOCK COMPANY ŽEMAITIJOS PIENAS

BOARD RESOLUTION

No 1, March 25, 2009
Telsiai 

According to the Joint Stock Companies Act of the Republic of Lithuania,
Article 34, the Board of the company decides to address General Meeting the
following issues: 

1.	Approving the Annual Report of the company
2.	Hearing the conclusion of company auditors
3.	Approving Consolidated Annual Financial Statements 2008
4.	Approving the following assignment of profit (loss):
1.	Retained earnings (loss) at the beginning of financial year reported	42 660
2.	Net income (loss) of financial year reported	( 4 805 )
3.	Transfers from reserves	0
4.	Shareholders contribution against losses (if the shareholders decide to
cover all or part of the loss)	0 
5.	Total distributed earnings (loss)	37 855
6.	Profit allocation to compulsory reserve	0
7.	Profit allocation to compulsory reserve in order to purchase its own shares	0
8.	Profit allocation to other reserves	0
9.	Profit allocation to be paid as dividends	0
10.	Profit allocation to be paid as annual payouts (tantiemes) to board and
council members, bonuses to employees and for other purposes	0 
11.	Retained earnings (loss) carried forward to next financial year	37 855


5. Obliging the Board to choose auditing company for auditing consolidated
financial statements of 2009 and conclude an agreement on auditing services. 
6. Electing and approving members of AB Žemaitijos pienas Auditing Committee.
7. Instituting the Auditing Committee and approving its Activity Guidelines (as
attached 3 pages). 



Chairwoman					Irena Baltrusaitiene

Attachments:

f_eng_2.pdf

p. en..pdf

f_eng_1.pdf