Lietuvos Juru Laivininkyste AB - Notification on material event

Supplemented the agenda of the PC "Lithuanian shipping company " 2013.04.26 General Shareholders Meeting

Klaipeda, Lithuania, 2013-04-16 15:22 CEST (GLOBE NEWSWIRE) -- 

The agenda of PC “Lithuanian shipping company” General Shareholders Meeting was
supplemented by  fifth, sixth and seventh questions: 

 Agenda of the General Meeting of Shareholders :

1.Regarding Annual report of the Company for the year 2012.

2.Regarding Independent Auditors resoliutions.

3.Approval of the financial statements for the year 2012.

4.Regarding for the profit (loss) distribution for the year 2012.

5. Recall of the PC “Lithuanian Shipping Company” Supervisory Board.

6. Election of the PC “Lithuanian Shipping Company” Supervisory Board.

7. Authorization of the person to sign the contracts for the activity of the
independent member of PC “Lithuanian shipping company” Board (Supervisory
Board) and determination of the amount of remuneration for the work of the
independent member of the Board (Supervisory Board). 



The draft decisions of the supplementary questions:

5. Recall from the PC “Lithuanian Shipping Company” Supervisory Board Tomas
Karpavicius, Ona Barauskiene, Gytis Kaminskas, Laimute Tinglum, Evaldas
Zacharevicius. 

6. Elect as the members of PC “Lithuanian Shipping Company”  Supervisory Board:

  1. Tomas Karpavicius, Chancellor of the ministry of transport and
communications; 

  2. Ona Barauskiene, Head of Economy and Budget Division of Budget and State
Property Management    Department; 

  3. Gytis Kaminskas, independent member;

  4. Laimute Tinglum, independent member;

  5. Evaldas Zacharevicius, Director of  Lithuanian Maritime Safety
Administration. 

 7.1. To authorize PC “Lithuanian Shipping Company” General Director Audronis
Lubys to sign the contracts for the activity of the independent member of PC
“Lithuanian Shipping Company” Board (Supervisory Board) with the independent
members of the Board (Supervisory Board) according to the project of the
contract which was confirmed by PC “Lithuanian Shipping Company” Extraordinary
General Shareholders Meeting held November 23, 2012, minutes of the meeting No.
3, and give him the right to amend the non-essential terms of the contract. 

7.2. To determine that the monthly remuneration for the actual work of the
independent member of the Board of PC “Lithuanian Shipping Company” is no more
than 500 LTL (including VAT, if applicable). 

7.3. To determine that the monthly remuneration for the actual work of the
independent member of the Supervisory Board of PC “Lithuanian Shipping Company”
is no more than 250 LTL (including VAT, if applicable). 

7.4. The stated remuneration for the activity of the independent member of the
Board (Supervisory Board) is proportionally reduced or not paid at all if the
independent member of the Board (Supervisory Board) does not participate in the
meetings (or there are no meetings) of the Board (Supervisory Board), does not
express the opinion regarding the questions on the agenda of the meeting, does
not vote, does not execute or executes improperly the work of the independent
member of the Board (Supervisory Board) and according to other cases mentioned
in the Description of the procedures related to exercising the public property
and non-property rights in the state-owned enterprises, which was approved by
June 6, 2012 decision No. 665 of the Government of Lithuanian Republic. 

7.5. The independent member of the Board (Supervisory Board) of PC “Lithuanian
Shipping Company” has the right to decline the remuneration for his work in the
Board (Supervisory Board) by presenting written notice to PC “Lithuanian
Shipping Company”. 

7.6. To entrust PC “Lithuanian Shipping Company” General Director Audronis
Lubys to sign the transfer-acceptance acts of the independent member of the
Board (Supervisory Board) according to the terms of the stated contracts. 



Arvydas Stropus

Chief accountant

PH.: (+370 46) 393126