Utenos Trikotazas - Notification on material event

Notice of the Extraordinary General Meeting of Shareholders

By the initiative and decision of the Company Board Nr. 14, 21-08-2014 an
extraordinary general meeting of AB „Utenos trikotažas“, registered at J.
Basanavičiaus str. 122, LT-28214 Utena, company number 183709468, shareholders
is being convoked at J. Basanavičiaus str. 122, Utena, on 12th of September
2014 at 10:00 am. Shareholders' registration starts at 9:00 am. 

The General Meeting of Shareholders' accounting day is 05 September 2014.

Proposed Agenda:

1.         Reduction of the Company's authorized capital (the purpose of
reduction: to eliminate the losses recorded in the balance sheet     of  the
Company; the way of reduction: cancellation of the Company's shares); 

2.         The approval of the new edition of the Company's Articles of
Association with regard to reduced Company's authorized capital; 

3.         Authorisation.

Shareholders who at the end of the Extraordinary General Meeting of
Shareholders' accounting day, i.e. 05 September 2014, will be shareholders of
the company, have a right to participate and vote at the Extraordinary General
Meeting of Shareholders personally or by proxy, or to be represented by the
person with whom an agreement on the transfer of voting rights is concluded. 

A person attending the Extraordinary General Meeting of Shareholders and having
a voting right must bring with him/her a person's identification document. A
person who is not a shareholder must additionally produce a document confirming
his/her right to vote at the Extraordinary General Meeting of Shareholders. 

Each shareholder shall have a right, in the manner established by the Law, to
authorise another (natural or legal) person on his/her behalf to attend and
vote at the Extraordinary General Meeting of Shareholders. At the Extraordinary
General Meeting of Shareholders, an authorised person shall have the same
rights as would be held by the shareholder or shareholders represented by
him/her, unless the authorized person's rights are limited by the power of
attorney or by the Law. The authorised person must provide a power of attorney
certified in the manner established by the Law. A power of attorney issued in a
foreign state must be translated into Lithuanian and legalised in the manner
established by the Law. The Company does not establish special form of power of
attorney. 

A shareholder or a person authorised by him/her shall have a right to vote in
writing in advance by filling in the General Voting Ballot. Upon a
shareholder's request, the Company, not later than 10 days before the
Extraordinary General Meeting of Shareholders, shall send the General Voting
Ballot by registered mail free of charge. The sample of General Voting Ballot
is also provided on the Company's website at http://www.ut.lt. The General
Voting Ballot, duly filled in and signed by the shareholder or a person, having
a voting right, and the document confirming the voting right (if any) must be
submitted to the Company in writing not later than on the last business day
before the Extraordinary General Meeting of Shareholders by sending them by
registered mail to AB „Utenos trikotažas“, J.Basanavičiaus str. 122, LT-28214
Utena, Lithuania. 

The Company is not providing the possibility to attend and vote at the
Extraordinary General Meeting of Shareholders through electronic means of
communication. 

Each shareholder holding shares that grant at least 1/20 of all votes shall
have the right of proposing to supplement the agenda of the Extraordinary
General Meeting of Shareholders. Draft decisions on the proposed issues shall
be submitted together with the proposal or, if the decisions do not need to be
approved, explanations on each proposed issue of the Extraordinary General
Meeting of Shareholders shall be presented. Proposal to supplement the agenda
must be presented in writing by sending it by registered mail to AB „Utenos
trikotažas“,J. Basanavičiaus str. 122, LT-28214 Utena, Lithuania, or by e-mail
utenos.trikotazas@ut.lt. The agenda will be supplemented if the proposal is
received not later than 14 days before the Extraordinary General Meeting of
Shareholders. 

Each shareholder holding shares that grant at least 1/20 of all votes shall
have the right of proposing draft resolutions on the issues already included or
to be included in the agenda of the Extraordinary General Meeting of
Shareholders. The proposed draft decisions at any time before the Extraordinary
General Meeting of Shareholders must be presented in writing by sending them by
registered mail to AB „Utenos trikotažas“,J. Basanavičiaus str. 122, LT-28214
Utena, Lithuania, or by e-mail utenos.trikotazas@ut.lt. 

The shareholders shall also be entitled to propose draft resolutions on the
agenda issues of the Extraordinary General Meeting of Shareholders in writing
during the Meeting. The shareholders shall have the right to present questions
related to the agenda issues of the Extraordinary General Meeting of
Shareholders to the Company in advance in writing, by providing the
shareholder's (natural or legal person's) personal identification number, the
natural person's consent to process personal data - personal identification
number, in the letter and by sending it by registered mail. The Company
undertakes to respond if the questions are received not later than 3 business
days before the Extraordinary General Meeting of Shareholders. Responses of a
general character shall be posted on the Company's website http://www.ut.lt.
The Company will not respond personally to the shareholder if the respective
information is posted on the Company's website. 

The shareholders could get familiarised with the documents possessed by the
Company related to the agenda of the Meeting, including draft resolutions, and
other documents to be submitted to the Extraordinary General Meeting of
Shareholders as well as to get information regarding execution of the
shareholders' rights at the headquarters of AB „Utenos trikotažas“, J.
Basanavičiaus str. 122, LT-28214 Utena, Lithuania, or on the Company's website
at http://www.ut.lt. 

 ENCL.:

Appendix No.1 - Draft decisions of the extraordinary general meeting of the
shareholders. 

Appendix No.2 - Draft of the new edition of the Company's Articles of
Association. 

For more information please contact Mr. Gintautas Bareika, Managing Director of
AB “Utenos trikotažas”, tel. No. 370 389 51445. 



Managing Director    AB “Utenos trikotažas”     Gintautas Bareika

Attachments:

Appendix No.2.pdf

Appendix No.1.pdf