Linas AB - Notification on material event

Resolutions of Repeated Annual General Meeting of Shareholders

Panevezys, Lithuania, 2012-05-15 12:58 CEST (GLOBE NEWSWIRE) -- Resolutions of
AB “Linas” Repeated Annual General Meeting of Shareholders dated May 15, 2012: 

1. Attention is paid to the auditor's conclusions confirming AB “Linas”
consolidated and Company's financial reports set of year 2011 and to agree to
Company's consolidated annual report of year 2011. 

2. AB “Linas” consolidated and Company's annual financial reports set is
confirmed and it was agreed to consolidated annual report of year 2011. 

3. AB “Linas” profit (loss) allocation of year 2011 is confirmed:

1) retained loss of the previous financial year at the end of the accounting
year 989.365 Lt (286.540 EUR); 

2) net profit of the accounting year  1.188.746 Lt (344.285 EUR);

3) profit of the accounting financial year unrecognized in the statement of
profit (loss) - 11.706 Lt (3.390 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 211.087 Lt (61.135 EUR);

10) share of profit set for the mandatory reserve 211.087 Lt (61.135 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 (losses) at the end of the financial year transferred to
the next financial year 0 Lt (0 EUR). 


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

Attachments:

Linas_annual_information_2011.pdf