Linas AB - Interim information

Draft Resolutions of the Annual General Meeting of Shareholders

Panevezys, Lithuania, 2012-04-05 12:23 CEST (GLOBE NEWSWIRE) -- Draft
Resolutions suggested by the Board of AB “Linas” for the Annual General Meeting
of Shareholders to be held on 26 April 2012: 

1. Audit conclusion regarding the consolidated and Company's Annual Financial
Accountability and Annual Report of year 2011. 

Project of resolution: to pay attention to the auditor's conclusions confirming
AB “Linas” consolidated and Company's financial accountability of year 2011 and
to agree to the consolidated annual report of the company of year 2011. 

2. Confirmation of consolidated and company's annual financial accountability
of year 2011 and presentation of consolidated annual report. 

Project of resolution: to confirm AB “Linas” consolidated and company's annual
financial accountability and to agree to consolidated annual report of year
2011. 

3. Company's profit (loss) allocation of year 2011.

Project of resolution: to confirm AB “Linas” profit (loss) allocation:

1) retained loss of the previous financial year at the end of the accounting
year 989.365 Lt (286.540 EUR); 

2) net profit of the accounting year  1.188.746 Lt (344.285 EUR);

3) profit of the accounting financial year unrecognized in the statement of
profit (loss) - 11.706 Lt (3.390 EUR); 

4) transfers from mandatory reserve  0 Lt (0 EUR);

5) transfers from reserve for business projects 0 Lt (0 EUR);

6) transfers from reserve for the support 0 Lt (0 EUR);

7) transfers from profit for dividend paying  0 Lt (0 EUR);

8) shareholders contributions to cover company's looses 0 Lt (0 EUR);

9) allocated profit totally 211.087 Lt (61.135 EUR);

10) share of profit set for the mandatory reserve 211.087 Lt (61.135 EUR);

11) share of profit set for the reserve for purchase of own shares  0 Lt (0
EUR); 

12) share of profit set to other reserves 0 Lt (0 EUR);

13) share of profit set for dividend paying  0 Lt (0 EUR);

14) share of profit set for annual allowances (bonuses) for the members of the
board, for the employees premiums and other purposes 0 Lt (0 EUR); 

15) retained profit (losses) at the end of the financial year transferred to
the next financial year 0 Lt (0 EUR). 


         AB “Linas” director
         Martynas Jasinskas
         Tel.: +370 45 506103

Attachments:

Linas_annual_information_2011.pdf