2015-10-22 15:02:01 CEST

2015-10-22 15:02:40 CEST


REGULATED INFORMATION

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Linas Agro Group - Notification on material event

Decisions of the Annual General Meeting of AB “Linas Agro Group“ Shareholders, held on 22 October 2015 


Panevezys, Lithuania, 2015-10-22 15:02 CEST (GLOBE NEWSWIRE) -- 

The Annual General Meeting (hereinafter - the Meeting) of AB „Linas Agro Group“
(hereinafter - the Company) was held on 22 October 2015. 

The total number of the Company's shares is 158,940,398, which grant
158,153,426 votes, and the own shares in amount of 786,972 acquired by the
Company do not grant voting rights. 

In total 12 Company's shareholders, who owned shares of the Company at the end
of the Accounting day of the Meeting (15 October 2015), participated in the
Meeting having 122,601,781 share votes, which amounted to 77.52 percent of the
total number of the Company's share votes. 

6 (six) duly filled General Voting Ballots were presented to the Meeting.

Five Board members of the Company took place in the Meeting, including CEO
Darius Zubas and CFO Tomas Tumėnas. 

The quorum existed.



Decisions of the Meeting:

  1. PRESENTATION OF THE COMPANY'S AUDIT COMMITTEE ACTIVITY REPORT

Decision. Presented (enclosed). No voting.

  1. PRESENTATION OF THE INDEPENDENT AUDITORS' REPORT

Decision. Presented (enclosed). No voting.

  1. PRESENTATION OF THE CONSOLIDATED ANNUAL REPORT OF THE COMPANY FOR THE
     FINANCIAL YEAR 2014/2015.

Decision. Presented (enclosed). No voting.

  1. APPROVAL OF THE CONSOLIDATED AND THE COMPANY'S SET OF FINANCIAL STATEMENTS
     FOR THE FINANCIAL YEAR ENDED 30 JUNE, 2015

Decision: Approve the consolidated and the Company‘s set of financial
statements for the financial year ended 30 June, 2015 (enclosed). 

Results of voting:

FOR - 122,430,453 votes (including 98,224,867 share votes of shareholders who
voted in advance). 

AGAINST - no votes.

DID NOT VOTE - 171,328 votes (including 171,328 share votes of shareholders who
presented the General Voting Ballot in advance). 

  1. APPROVAL OF THE PAYMENT OF BONUSES TO THE MEMBERS OF THE BOARD OF THE
     COMPANY.

Decision:

5.1. Allocate EUR 105,000.00 (one hundred five thousand euro) of the net profit
of the Company as bonuses for the members of the Board of the Company for the
financial year 2014/2015, and pay EUR 15,000.00 (fifteen thousand euro) to each
member of the Board of the Company; 

5.2. Instruct the Finance Division of the Company, having deducted the taxes
due, to pay the bonuses to the members of the Board of the Company by 30
November 2015. 

Results of voting:

FOR - 122,429,456 votes (including 98,223,870 share votes of shareholders who
voted in advance). 

AGAINST - 172,325 votes (including 172,325 share votes of shareholders who
voted in advance). 

DID NOT VOTE - no votes.

  1. APPROVAL OF THE DISTRIBUTION OF THE COMPANY'S PROFIT

Decision: Approve the Distribution of the Company's Profit:

  1. Retained earnings - profit (loss) of the previous financial year at the end
     of the accounting financial year - EUR 22,239,590;
  2. Net profit (loss) of the financial year - EUR 4,650,990;
  3. The profit (loss) of the accounting financial year not recognized in the
     profit (loss) account - (EUR 1,158);
  4. The transfers from the reserves - EUR 1,819,187;
  5. The shareholder‘s contributions to cover the losses of the Company (if
     shareholders decided to cover all or part of losses) - 0;
  6. The total profit (loss) available for appropriation - EUR 28,708,609;
  7. The part of the profit allocated to the legal reserve - EUR 232,550;
  8. The part of the profit allocated to the reserve of the own share
     acquisition - 0;
  9. The part of the profit allocated to the other reserves - 0;
 10. The part of the profit allocated for the payment of dividends* - EUR
     1,201,966;
 11. The part of the profit allocated for payment of annual bonuses to the
     Board, employees and other purposes - EUR 105,000;
 12. Retained earnings - profit at the end of the financial year carried forward
     to the next financial year - EUR 27,169,093.

* to allocate EUR 1,201,966 for the dividend payment for the financial year
ended on 30 June, 2015, which consist EUR 0.0076 with taxes per one share of
the Company (calculated without own shares acquired by the Company). 

Results of voting:

FOR - 122,601,781 votes (including 98,396,195 share votes of shareholders who
voted in advance). 

AGAINST - no votes.

DID NOT VOTE - no votes.

  1. ELECTION OF THE COMPANY‘S AUDITOR FOR THE FINANCIAL YEAR 2015/2016 OF THE
     COMPANY AND ESTABLISHMENT OF THE PAYMENT FOR THE SERVICES

Decision:

  1. 1. Elect Auditor of the Company “ERNST & YOUNG BALTIC“ (code 110878442,
     address Subačiaus St. 7, Vilnius, Lithuania);
  2. 2. Establish the payment for services not more than EUR 30,000.00 (thirty
     thousand euro) (VAT excluded) for the audit of the Company's and
     consolidated financial statements for the financial year 2015/2016;
  3. 3. Entrust the Managing Director of the Company to conclude and sign the
     agreement with elected Auditor.

Results of voting:

FOR - 122,601,781 votes (including 98,396,195 share votes of shareholders who
voted in advance). 

AGAINST - no votes.

DID NOT VOTE - no votes.

  1. APPROVAL OF NEW EDITION OF THE ARTICLES OF ASSOCIATION OF THE COMPANY.

Decision:

  1. 1. Establish that the nominal value of one share of the Company which was
     LTL 1.00 (one litas) following the conversion into euro is EUR 0.29 (twenty
     nine euro cents), and the authorised capital is equal to EUR 46,092,715.42
     (forty six million ninety two thousand seven hundred fifteen euro and forty
     two euro cents), where the number of the uncertificated ordinary registered
     shares of the Company is 158,940,398 (one hundred fifty eight million nine
     hundred forty thousand and three hundred ninety eight);
  2. 2. Approve the new version of the Articles of Association of the Company;
  3. 3. Entrust and authorise Darius Zubas, the Managing Director of the
     Company, to sign the Articles of Association;
  4. 4. Entrust and authorise Darius Zubas, the Managing Director of the
     Company, to perform all actions required to register the new version of the
     Articles of Association of the Company with the Register of Legal Entities
     of the Republic of Lithuania.

Results of voting:

FOR - 122,601,781 votes (including 98,396,195 share votes of shareholders who
voted in advance). 

AGAINST - no votes.

DID NOT VOTE - no votes.


         Sincerely
         Chairman of the Board	Darius Zubas