Linas AB - Notification on material event

Draft Resolutions of the Repeated Annual General Meeting of Shareholders of AB “Linas”

Panevezys, Lithuania, 2011-04-29 07:33 CEST (GLOBE NEWSWIRE) -- 
Draft Resolutions suggested by the Board of AB “Linas” for the Repeated Annual
General Meeting of Shareholders to be held on 17 May 2011: <b style="mso-bidi-font-weight: normal"><i style="mso-bidi-font-style:
normal">1. Audit conclusion regarding the consolidated and Company's Annual
Financial Accountability and Annual Report of year 2010. 

Project of resolution: to pay attention to the auditor's conclusions confirming
AB “Linas” consolidated and Company's financial accountability of year 2010 and
to agree to the consolidated annual report of the company of year 2010. <b style="mso-bidi-font-weight: normal"><i style="mso-bidi-font-style:
normal">2. Confirmation of consolidated and company's annual financial
accountability of year 2010 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
2010. <b style="mso-bidi-font-weight: normal"><i style="mso-bidi-font-style:
normal">3. Company's profit (loss) allocation of year 2010. 

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 8.999.732 Lt (2.606.503 EUR); 

2) net profit of the accounting year  7.997.694 Lt (2.316.292 EUR);

3) profit of the accounting financial year unrecognized in the statement of
profit (loss) - 12.673 Lt (3.670 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 11.706 Lt (3.390 EUR);

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

9) allocated losses totally 977.659 Lt (283.150 EUR);

10) share of profit set for the mandatory reserve 0 Lt (0 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 losses at the end of the financial year transferred to the next
financial year 977.659 Lt (283.150 EUR). <b style="mso-bidi-font-weight: normal"><i style="mso-bidi-font-style:
normal">4. Cancellation of Company's members of the Board. 

Project of resolution: to recall Ramunas Lenciauskas, Martynas Jasinskas,
Virginija Jukoniene and Lilijana Puriene from the Company's members of the
Board. <b style="mso-bidi-font-weight: normal"><i style="mso-bidi-font-style:
normal">5. Election of company's members of the Board. 

Project of resolution: to elect to the Board of the Company Ramunas
Lenciauskas, Martynas Jasinskas, Nijole Sventickiene and Daiva Minkeviciene. 



Acc.to the offer of UAB “Rentija”, which own 14,11% of AB “Linas” shares, to
include Gintare Dambrauskaite as additional candidate to the Board members of
AB “Linas”. <b style="mso-bidi-font-weight: normal"><i style="mso-bidi-font-style:
normal">6. Election of the audit company. 

Project of resolution: to elect audit company UAB “Revizorius” to the position
of the auditors of AB “Linas” for year 2011-2013. 




         AB “Linas” chief accountant
         Daiva Minkevičienė
         +370 45 506141

Attachments:

Linas_annual_information_2010.pdf