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2012-04-06 07:56:45 CEST 2012-04-06 07:58:01 CEST REGULATED INFORMATION Zemaitijos Pienas AB - Notification on material eventThe Board of AB Žemaitijos Pienas proposes the following draft resolutions for the General Meeting of 27 April, 2012Telšiai, Lithuania, 2012-04-06 07:56 CEST (GLOBE NEWSWIRE) -- 06-04-2012 1) Auditor's Report on the Consolidated Financial Statements and Annual Report Proposed draft resolution: To approve the Auditor's Report (attached). 2) document is electronically signed Proposed draft resolution: To approve the Audit Committee's Report (attached). 3) Company's Annual Report for the year 2011 Proposed draft resolution: To listen to Consolidated Annual Report for the year 2011 that is prepared by the Company, evaluated by the auditor and approved by the Board (attached). 4) Approval of the Consolidated Financial Statements for the year 2011 Proposed draft resolution: To approve the audited Consolidated Financial Statements for the year 2011 (attached). 5) Approval of the Company's income (loss) distribution for the year 2011 Proposed draft resolution: To approve the following distribution of Company's profit (loss) for the year 2011: Thousan Thousan d LTL d EUR -------------------------------------------------------------------------------- 1. Profit (loss) brought forward in the beginning of the 45.953 13.309 reporting year -------------------------------------------------------------------------------- 2. Net profit (loss) of the current financial year 9.029 2.615 -------------------------------------------------------------------------------- 3. Transfers from reserves 13.000 3.765 -------------------------------------------------------------------------------- 4. Total profit (loss) to be appropriated 67.982 19.689 -------------------------------------------------------------------------------- 5. Share of profit allocated to the Reserve for Acquisition 10.000 2.896 of Own Shares -------------------------------------------------------------------------------- 6. Share of profit to pay dividends 0 0 -------------------------------------------------------------------------------- 7. Share of profit for annual payments (bonuses) to the 0 0 members of the Board and the Supervisory Board -------------------------------------------------------------------------------- 8. Share of profit for employee bonuses 0 0 -------------------------------------------------------------------------------- 9. Profit (loss) brought forward at the end of the reporting 57.982 16.793 year, transferred to the next financial year -------------------------------------------------------------------------------- 6) Regarding the formation of the Reserve for Acquisition of Own Shares Proposed draft resolution: To form Reserve for Acquisition of Own Shares amounted to LTL 10 million (ten million Litas) 1. To set conditions for the acquisition of own shares: 1) The purpose of share acquisition - to maintain and increase the Company's share price; 2) The number of the Company's ordinary shares to be acquired - up to 10% of the Company's authorized capital, i.e. 4.837.500 shares; 3) The period within which the Company may acquire its own shares - up to 18 months from the date of the decision-making; 4) To set the maximum price per own share to be acquired - LTL 3; and to set the minimum acquisition price per own share equal to its nominal value, i.e. LTL 1. 5) To commit the Board to determine the procedure and terms for purchase and sale of the own shares, as well as to perform other actions relating thereto in compliance with the terms set forth in this resolution as well as in accordance with the requirements established in the Law on Companies of the Republic of Lithuania. 7) Other issues Gintaras Keliauskas Lawyer +370-444 22 208 |
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