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2010-04-19 07:36:52 CEST 2010-04-19 07:38:59 CEST REGULATED INFORMATION Zemaitijos Pienas AB - Notification on material eventThe decision adopted during the Annual General Meeting of Shareholders of AB “Žemaitijos pienas”19-04-2010 1.1. The Annual Report of the Company was heard (attached hereto). 1.2. Auditor's report on Company's financial statements was heard (attached hereto). 1.3. Audited Company's financial statements for 2009 were approved (attached hereto). 1.4. The appropriation of Company's profit/loss for 2009 was approved: LTL thousand EUR thousand 1. the unappropriated profit/loss at the beginning of the financial year 38,002 11,006 2. the net profit/loss of the financial year 12,333 3,572 3. the transfers from the reserves 0 0 4. the shareholders contributions to cover the losses of the Company (if shareholders decided to cover all or some part of losses) 0 0 5. total profit/loss available for appropriation 50,335 14,578 6. the share of profit allocated to the legal reserve 0 7. the share of profit of a public limited liability company allocated to the reserve for the acquisition of own shares 10,000 2,896 8. the share of profit allocated to other reserves 0 0 9. the share of profit for the payment of dividends 0 0 10. the share of profit for the payment of annual bonuses to the members of the Board and Supervisory Board 3,000 869 11. the unappropriated profit/loss at the end of the financial year transferred to the next financial year 37,335 10,813 1.6. The conditions for the acquisition of own shares were established: 1) the purpose for the acquisition of shares - to maintain and increase the price of Company's shares; 2) the number of Company's ordinary nominal shares to be purchased is up to 10 percent of Company's statutory capital, i.e., up to 4,837,500 units; 3) the time limit within which the Company may purchase own shares - up to 18 months as from the day of the adoption of decision; 4) the maximum price for one own share to be purchased shall be LTL 3, whereas the minimum price for one share shall be equal for the nominal value of one share, i.e. LTL 1; 5) pursuant to the conditions established by this decision and the requirements set forth in the Law on Companies of the Republic of Lithuania, the Company's Board shall be granted with a right to establish a more detailed procedure for the purchase/acquisition of own shares as well as the conditions subject to the criteria set forth in the decision of Company's shareholders as well as based on other conditions. This decision shall also authorize the Company's board to perform other actions as far as they are related to the acquisition of Company's own shares. Gintaras Keliauskas Jurist +370 444 74897 |
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