2012-10-26 07:26:04 CEST

2012-10-26 07:27:19 CEST


REGULATED INFORMATION

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Linas Agro Group AB - Notification on material event

Results of voting of Annual General Meeting of AB Linas Agro Group, held on 25 of October, 2012 


Panevezys, Lithuania, 2012-10-26 07:26 CEST (GLOBE NEWSWIRE) -- 

Decisions of the Annual General Meeting of the Company‘s Shareholders, held on
25 October 2012: 

Presentation of the Company's Audit committee activity report

Decision: Presented (enclosed). No voting.

Presentation of the independent auditors' report

Decision: Presented (enclosed). No voting.

Presentation of the consolidated annual report of the Company for the financial
year 2011/2012 

Decision: Presented (enclosed). No voting.

Approval of the consolidated and the Company's set of financial statements for
the financial year ended 30 June, 2012 

Decision: To approve the consolidated and the Company‘s set of financial
statements for the financial year ended 30 June, 2012 (enclosed). 

Approval of the Distribution of the Company's Profit

Decision:

To approve the Distribution of the Company's Profit:

 1)  Retained earnings - profit (loss) of the previous financial year   3,291,44
      at the end of the accounting financial year                          3 LTL
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 2)  Net profit (loss) of the financial year                            68,912,5
                                                                          88 LTL
--------------------------------------------------------------------------------
 3)  The profit (loss) of the accounting financial year not recognized     -    
      in the profit (loss) account                                              
--------------------------------------------------------------------------------
 4)  The transfers from the reserves                                       -    
--------------------------------------------------------------------------------
 5)  The shareholder‘s contributions to cover the losses of the            -    
      Company (if shareholders decided to cover all or part of losses)          
--------------------------------------------------------------------------------
 6)  The total profit (loss) available for appropriation                72,204,0
                                                                          31 LTL
--------------------------------------------------------------------------------
 7)  The part of the profit allocated to the legal reserve              3,450,00
                                                                           0 LTL
--------------------------------------------------------------------------------
 8)  The part of the profit allocated to the reserve of the own share      -    
      acquisition                                                               
--------------------------------------------------------------------------------
 9)  The part of the profit allocated to the other reserves                -    
--------------------------------------------------------------------------------
10)  The part of the profit allocated for the payment of dividends*     4,500,00
                                                                           0 LTL
--------------------------------------------------------------------------------
11)  The part of the profit allocated for payment of annual bonuses to     -    
      the Board, employees and other purposes                                   
--------------------------------------------------------------------------------
12)  Retained earnings - profit at the end of the financial year        64,254,0
      carried forward to the next financial year                          31 LTL
--------------------------------------------------------------------------------

* to allocate LTL 4,500,000.00 (EUR 1,303,290.08) for the dividend payment for
the financial year ended on 30 June, 2012, which consist LTL 0.028 (EUR 0.0082)
with taxes per one share of the Company. 

Election of the Company‘s auditor and establishment of the payment for the
services 

Decision:

  1. To elect Auditor of the Company “ERNST & YOUNG BALTIC“ (code 110878442,
     address Subaciaus St. 7, Vilnius);
  2. To establish the payment for services not more than 30,000 (thirty
     thousand) euro (VAT excluded) for the audit of the Company's and
     consolidated financial statements for the financial year 2012/2013;
  3. To charge the Managing Director of the Company to conclude and sign the
     agreement with elected Auditor.

Recall of the Company's Board members

Decision: To recall from the Board of the Company all members of the Board:
Andrius Pranckevičius, Arūnas Jarmolavičius, Arūnas Zubas, Dainius Pilkauskas,
Darius Zubas, Tomas Tumėnas and Vytautas Šidlauskas. 

Election of the Company's Board members

Decision: To elect to the Board of the Company for the new term of the Board
for 4 (four) years: 

  1. Andrius Pranckevičius;
  2. Arūnas Jarmolavičius;
  3. Arūnas Zubas;
  4. Dainius Pilkauskas;
  5. Darius Zubas;
  6. Tomas Tumėnas;
  7. Vytautas Šidlauskas.

Sincerely
Managing DirectorDarius Zubas