Linas AB - Notification on material event

Draft Resolutions of the Annual General Meeting of Shareholders

Panevezys, Lithuania, 2013-04-08 09:44 CEST (GLOBE NEWSWIRE) -- Draft
Resolutions suggested by the Board of AB “Linas” for the Annual General Meeting
of Shareholders to be held on 29 April 2013: 



1. Audit conclusion regarding the consolidated and Company's Annual Financial
Accountability and Annual Report of year 2013. 

Project of resolution: to pay attention to the auditor's conclusions confirming
AB “Linas” consolidated and Company's financial accountability of year 2012 and
to agree to the consolidated annual report of the company of year 2012. 



2. Confirmation of consolidated and company's annual financial accountability
of year 2012 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
2012. 



3. Company's profit (loss) allocation of year 2012.

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

1) retained profit (losses) of the previous financial year at the end of the
accounting year - 0 Lt (0 EUR); 

2) net profit of the accounting year  2.421.359 Lt (701.274 EUR);

3) profit of the accounting financial year unrecognized in the statement of
comprehensive income - 0 Lt (0 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 2.421.359 Lt (701.274 EUR);

10) share of profit set for the mandatory reserve 2.192.812 Lt (635.082 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 at the end of the financial year transferred to the next
financial year 228.547 Lt (66.192 EUR). 



4. Election of the members of audit committee.

Project of decision: the Company's audit committee members to propose to elect
Vilma Polikeviciene and Svetlana Grekova. 


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

Attachments:

Linas_annual_information_2012.pdf