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2009-04-17 16:00:00 CEST 2009-04-17 16:00:11 CEST REGULATED INFORMATION TEO LT, AB - Notification on material eventDraft agenda and draft decisions for the Annual General Meeting to be held on 28 April 2009Draft agenda and draft decisions for the Annual General Meeting of TEO LT, AB (hereinafter ‘the Company' or ‘TEO') shareholders to be held on 28 April 2009 proposed by the Board of the Company: 1. Information of the Company's auditors. Taken for the information. 2. Approval of the Company's annual financial statements and presentation of the Consolidated Annual Report of the Company. Draft decision: 1) To approve audited Company's annual financial statements for the year 2008, prepared according to the International Financial Reporting Standards. 2) Presented Consolidated Annual Report of the Company for the year 2008, prepared by the Company, assessed by the auditors and approved by the Board of Directors. 3. Allocation of the Company's profit for the year 2008. Draft decision: To allocate the Company's profit of the year 2008 according the draft of profit allocation presented for Annual General Meeting of Shareholders. The Board proposes for the Annual General Meeting from the Company's distributable profit of LTL 183,376 thousand (EUR 53,109 thousand) to allocate LTL 178,668 thousand (EUR 51,746 thousand) for the dividend payment for the year 2008 or LTL 0.23 (EUR 0.067) dividend per share. For annual payments (tantiemes) to the members of the Board for the year 2008 to allocate LTL 378 thousand (EUR 109 thousand), i.e. LTL 54 thousand per one member of the Board. The Law on Companies of the Republic of Lithuania provides that dividends shall be paid to the shareholders who at the end of the tenth business day following the Annual General Meeting that adopts a decision on dividend payment will be on the Shareholders' List of the Company, i.e. will be shareholders of TEO LT, AB on 13 May 2009. The Trading Rules of the NASDAQ OMX Vilnius stock exchange stipulate that the right of ownership of securities transferred via transactions on the central market is to be passed on the day of settlement for the transaction on the central market, i.e. the third business day after conclusion of the transaction. Following Lithuanian laws dividends for the year 2008 paid to natural persons-residents of the Republic of Lithuania are subject to withholding Personal income tax of 20 per cent and Compulsory Health Insurance tax of 6 per cent (in total 26 per cent). Dividends paid to legal entities of the Republic of Lithuania and legal entities-residents of foreign countries are subject to withholding Corporate income tax of 20 per cent, unless otherwise provided for by the laws. Dividends paid to natural persons-residents of foreign countries are subject to withholding Personal income tax of 20 per cent. Residents of the foreign countries, which have concluded agreements on Avoidance of Double Taxation with the Republic of Lithuania, could take advantage of reduced tariffs provided by such agreements by submitting Claim for Reduction or Exemption from the Anticipatory Tax Withheld at Source, form FR0021 (DAS-1). 4. Election of the Company's Board members. Upon termination of the two-years term of the Board that was elected at the Annual General Meeting of Shareholders on 26 April 2007, Amber Teleholding A/S, the largest shareholder of TEO LT, AB, which owns 60 per cent of the Company's share capital, proposed to the Annual General Meeting of Shareholders to be held on 28 April 2009 to elect to the Board of the Company the following nominees: 1. Mr Håkan Dahlström 2. Mr Anders Gylder 3. Mr Ove Alm 4. Mr Joakim Sundström 5. Ms Tiia Tuovinen 6. Mr Lars Ohnemus (independent candidate) 7. Mr Martynas Česnavičius (independent candidate) Håkan Dahlström (born in 1962) - President of Business Area Broadband Services, TeliaSonera AB (Sweden). Education: Master of Engineering in Computer Technology from Linköping University ( Sweden) and Master of Science in Digital Technology from Heriot Watt University (Scotland). Current Board assignments: Nextgentel AS (Norway), Chairman of the Board; TeliaSonera Skanova Access AB (Sweden), Chairman of the Board; TeliaSonera International Carrier AB (Sweden), Chairman of the Board; TeliaSonera Sverige AB (Sweden), member of the Board. Has no direct interest in the share capital of TEO LT, AB. Anders Gylder (born in 1950) - Executive Vice President of Business Area Broadband Services, TeliaSonera AB (Sweden), member of the Board of TEO LT, AB from 26 April 2007, member of the Remuneration Committee of the Board. Education: Master of Science in Engineering from Linköping Institute of Technology (Sweden). Current Board assignments: Lattelecom SIA (Latvia), Deputy Chairman of the Supervisory Council, member of Remuneration Committee, and Business Planning and Finance Committee; Amber Teleholding A/S (Denmark), member of the Board; Tilts Communications A/S (Denmark), member of the Board. Has no direct interest in the share capital of TEO LT, AB. Ove Alm (born in 1959) - Head of Product and Production of Business Area Broadband Services, TeliaSonera AB (Sweden), member of the Board of TEO LT, AB from 26 April 2007. Education: Master of Business Administration from International Business from University of Uppsala (Sweden) and Master of Science, Engineering Physics, from Royal Institute of Technology (KTH), Stockholm (Sweden). Current Board assignments: Lattelecom SIA (Latvia), member of the Supervisory Board; NextGenTel Holding ASA (Norway), member of the Board. Has no direct interest in the share capital of TEO LT, AB. Joakim Sundström (born in 1959) - Vice President of Business Control of Business Area Broadband Services, TeliaSonera AB (Sweden), member of the Board of TEO LT, AB from 26 April 2007, member of the Audit Committee of the Board. Education: Bachelor of Business Administration from Stockholm University (Sweden). Current Board assignments: Lattelecom SIA (Latvia), member of the Supervisory Board, member of the Audit Committee, and member of the Business Planning and Finance Committee; Sergel Kredittjanster AB (Sweden), member of the Board; TeliaSonera Skanova Access AB (Sweden), deputy member of the Board; Tilts Communications A/S (Denmark), member of the Board. Has no direct interest in the share capital of TEO LT, AB. Tiia Tuovinen (born in 1964) - General Counsel for Broadband Business Area Services and for Business Services of TeliaSonera AB (Sweden); Vice President for Legal Affairs and Real Estates and Property Planning of TeliaSonera Finland Oyj (Finland). Education: Master of Laws from University College London (United Kingdom) and Master of Laws from University of Helsinki (Finland). Current Board assignments: member of the Board of SIA Lattelecom (Latvia), TeliaSonera Finland Oyj (Finland), TeliaSonera International Carrier AB (Swden) and member of the Board and managing director of Tilts Communications A/S (Denmark) and several real estate companies in Helsinki, Finland. Has no direct interest in the share capital of TEO LT, AB. Lars Ohnemus (born in 1962) - Managing Director of Baltic Property Trust Partner Services A/S (Denmark); Visiting Assoc. Professor of Baltic Management Institute (Lithuania) and Copenhagen Business School (Denmark). Education: Bachelor degree in Finance & Administration and Master degree in Corporate Finance and Marketing from Copenhagen Business School (Denmark). Current Board assignments: member of the Board of Baltic Management Institute (Lithuania), RetNemt.dk (Denmark), Baltic Property Trust Asset Management (Denmark). Has no direct interest in the share capital of TEO LT, AB. Martynas Česnavičius (born in 1972) - Advisor of Investment funds Amber Trust I and Amber Trust II (Luxemburg), member of the Board of TEO LT, AB from 9 February 2009, member of the Audit Committee of the Board. Education: Diploma in Banking and Finance from Vilnius University. Current Board assignments: UAB Malsena Plius, Chairman of the Board; AB Amilina, member of the Board; AB Kauno Pieno Centras, member of the Board; AB Sanitas, member of the Board; AB Snaigė, member of the Board; UAB Atradimų Studija, member of the Board; UAB Laisvas Nepriklausomas Kanalas, member of the Board; UAB Litagros Prekyba, member of the Board; UAB Meditus, member of the Board; UAB Sidabra, member of the Board. UAB Profinance, a company where Martynas Česnavičius has a 50 per cent stake, holds 45,000 shares of TEO LT, AB that accounts to 0.0055 per cent of the share capital and gives 0.0058 per cent of votes. Also he has 31 per cent stake in UAB Atradimų Studija. Has no direct interest in the share capital of TEO LT, AB. Following provisions of The Governance Code for the Companies Listed on the NASDAQ OMX Vilnius stock exchange all nominees upon election would be regarded as non-executive member of the Board, while Lars Ohnemus and Martynas Česnavičius besides would be regarded as independent members of the Board. Draft decision: To elect to the Board of the Company for a new term of the Board (for 2 years): 1. _________________, proposed by __________________, 2. _________________, proposed by __________________, 3. _________________, proposed by __________________, 4. _________________, proposed by __________________, 5. _________________, proposed by __________________, 6. _________________, proposed by __________________, 7. _________________, proposed by __________________. The documents possessed by the Company related to the agenda of the Meeting, including draft resolutions, are available at the headquarters of TEO LT, AB, Savanorių ave. 28, Vilnius, Lithuania, or at the Company's internet website www.teo.lt. ENCL.: - TEO LT, AB Financial Statements, Consolidated Annual and Independent Auditor's Report for the Year Ended 31 December 2008 - Statement of the Company's Profit Allocation for the Year 2008 - Curriculum Vitae's of nominees to the Board Eglė Gudelytė-Harvey, Director of Corporate and Legal Affairs Unit, tel. +370 5 236 7292 |
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