Imoniu grupe ALITA, AB - Notification on material event

Regarding convocation of Extraordinary General Meeting of Shareholders of company group ALITA AB

Alytus, Lithuania, 2012-10-23 16:08 CEST (GLOBE NEWSWIRE) -- On 9 January 2013
the Extraordinary General Meeting of Shareholders of company group ALITA AB,
code 302444238, registered at Miškininkų st. 17, Alytus, the Republic of
Lithuania (hereinafter, the “Company”) is being convened (hereinafter, the
“Meeting”) upon the initiative and decision of Board of the Company. 

The place of the Meeting - the premises of the Company located at Miškininkų
st. 17, Alytus, the Republic of Lithuania, on the 4th floor, conference hall.
The Meeting commences at 10 p.m. (registration starts at 9 a.m. and ends at 10
a.m.). 

The Meeting's accounting day - 2 January 2013. 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 Meeting. 

The Board of the Company initiates and convenes the Meeting, which on 23
October 2012 approved the following agenda of the Meeting: 

1. Cover of Company's losses by shareholders' contributions.

2. Reduction of the authorised capital of the Company (method: by cancelling
shares; purpose: to cancel the losses recorded in the balance sheet of the
Company) and approval of the new wording of the Articles of Association of the
Company. 

The Board of the Company, following part 3 of Article 38 of the Law on
Companies of the Republic of Lithuania are providing for the Meeting's
consideration the aforementioned two possible issues of the agenda, after the
equity capital of the Company became less than ½ of the authorised share
capital, indicated in the Articles of Association. 

The Company will not provide the possibility to participate and vote in the
Meeting through electronic communication means. 

Draft resolutions on agenda issues (when they will be approved by the Company's
Board), documents to be submitted to the Meeting and other information related
to the exercising of shareholders' rights shall be available on the website of
the Company http://www.alita.lt/ on the menu item “For investors”. This
information shall also be available for the shareholders at the head office of
the Company (Miškininkų st. 17, Alytus, the Republic of Lithuania) on business
days from 8 a.m. till 3 p.m. 

Shareholders holding shares that grant at least 1/20 of all the votes shall
have the right of proposing to supplement the agenda of the Meeting by
providing the draft resolution on each additionally proposed issue or in case
no resolution is required - the relevant 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
them to its registered mail address, Miškininkų st. 17, LT-62200 Alytus,
Lithuania. The proposals submitted via e-mail shall be sent to vas@alita.lt.
The proposals to supplement the agenda with the additional issues shall be
submitted till 26 December 2012, 3 p.m. In case the agenda of the Meeting is
supplemented the Company will notify it no later than 10 days before the
Meeting in the same manner 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. 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 9 January 2013, 8 a.m. or by sending them to its registered mail address,
Miškininkų st. 17, LT-62200 Alytus, Lithuania. The proposals presented in
writing shall be discussed during the Meeting provided they have been received
at the Company before 8 a.m. on the Meeting's day (9 January 2013). During the
Meeting the written proposals shall be submitted to the Chairman of the Meeting
after he announces the Meeting's agenda and no later than the Meeting starts
working on the issues of the agenda. 

The proposals submitted via the electronic mail shall be sent to vas@alita.lt.
The proposals submitted to this e-mail till 9 January 2013, 8 a.m. will be
discussed during the Meeting. 

The shareholders shall have the right to present questions related to the
issues of the agenda of the Meeting to the Company in advance in writing. The
shareholders shall present the questions not later than 3 business days before
the Meeting in writing at registered mail address, Miškininkų st. 17, LT-62200
Alytus, Lithuania or via electronic mail to vas@alita.lt. The Company
undertakes to respond to the submitted questions via electronic mail till the
Meeting's day, except the questions related to the Company's commercial
(industrial) secret, confidential information. 

During the registration to attend the Meeting the shareholders or 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
approved according to the established order. The power of attorney issued by
the natural person shall be notarized. Power of attorney issued in a foreign
state must be translated into Lithuanian and legalized in the manner as
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 Company, where the shares
have been acquired on his own behalf, but for the benefit of other persons,
must disclose before voting at the Meeting to the Company the identity of the
final customer, the number of shares that are put to voting 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 means 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 public. The power of attorney issued through electronic
communication means 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 means by e-mail vas@alita.lt no later than on the last business
day before the Meeting by 3:00 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 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 form of a
general ballot paper shall be provided on the Company's website
http://www.alita.lt/ on the menu item “For Investors”, once the draft decisions
of the Meeting, being convened are approved. Upon a written shareholder's
request, the Company no later than 10 days before the Meeting will 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 together with the filled ballot paper
shall submit the document confirming 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 its registered mail address, Miškininkų st.
17, LT-62200 Alytus, Lithuania, or by submitting it to the Company. Valid will
be dully filled-in ballot papers, received in the Company until the Meeting. 

The following information and documents shall be available on the website of
the Company http://www.alita.lt/ on the menu item “For Investors”, upon
approval of the draft decisions of the Meeting, being convened and for all the
period, starting not later, than remaining 21 days until the Meeting: 

- notification on convocation of the Meeting;

- 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 and other documents to be submitted to
the Meeting; 

- general ballot paper form.




         Additional information is provided by the General Director Vaidas
Mickus, phone number + 370 315 57243.