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2009-04-30 16:00:00 CEST 2009-04-30 16:00:06 CEST REGULATED INFORMATION TEO LT, AB - Notification on material eventProcedure for the payout of dividends for the year 2008On 28 April 2009, the Annual General Meeting of Shareholders of TEO LT, AB (code 1212 15434, registered address: Savanorių ave. 28, Vilnius, Lithuania) decided to allocate the Company's profit for the year 2008 and to pay out 0.23 litas dividend per share. Dividends will be paid to the shareholders who at the end of the tenth business day following the Annual General Meeting that adopted a decision on dividend payment, i.e. on 13 May 2008 will be shareholders of TEO LT, AB. From 28 May 2009 the dividends will be paid out in the following order: - to the shareholders, who's TEO LT, AB shares are accounted by a financial brokerage company or credit institutions, which provide securities accounting services, the dividend amount, after deduction of Personal or Corporate withholding income tax applicable by the laws of Lithuania, will be transferred to the shareholders' accounts held with a respective financial brokerage company or credit institution; - to the shareholders, who's TEO LT, AB shares on behalf of the Company are accounted by authorised custodian AB SEB Bank, the dividend amount, after deduction of Personal or Corporate withholding income tax applicable by the laws of Lithuania, will be transferred to the shareholders' accounts with AB SEB Bank or the accounts with any other Lithuanian commercial bank as indicated by the shareholders (account indications should be submitted by fax +370 5 268 2683); - to the shareholders, who's TEO LT, AB shares on behalf of the Company are accounted by authorised custodian AB SEB Bank, but who do not have accounts with AB SEB Bank or have not indicated their accounts with any other Lithuanian bank, the dividend amount, after deduction of Personal or Corporate withholding income tax applicable by the laws of Lithuania, will be available at any branch of AB SEB Bank. The shareholders will be requested to present their personal identification documents when taking dividends at the branch of AB SEB Bank. Dividends for the year 2008 will be taxed in the following order: -dividends paid to natural persons-residents of the Republic of Lithuania are subject to withholding Personal income tax of 20 per cent and Compulsory Health Insurance tax of 6 per cent (in total 26 per cent); - dividends paid to legal entities of the Republic of Lithuania and legal entities-residents of foreign countries are subject to withholding Corporate income tax of 20 per cent, unless otherwise provided for by the laws. - dividends paid to natural persons-residents of foreign countries are subject to withholding Personal income tax of 20 per cent. Residents of the foreign countries, which have concluded agreements on Avoidance of Double Taxation with the Republic of Lithuania, could take advantage of reduced tariffs provided by such agreements by submitting Claim for Reduction or Exemption from the Anticipatory Tax Withheld at Source, form FR0021 (DAS-1). Following the law requirements the form should be completed in two copies and presented to TEO LT, AB or Financial Markets Department of SEB Bank by 25 May 2009. For additional information on payout of the dividends please contact AB SEB Bank by phone +370 5 268 2478. ENCL.: - Claim for Reduction or Exemption from the Anticipatory Tax Withheld at Source, form FR0021 (DAS-1) - Regulations on the completion of Forms FR0021 (DAS-1), FR0022 (DAS-2), FR0023 (DAS-3) and FR0254 (DAS-4) related to the application of International Double Taxation Conventions Darius Dziaugys, Head of Information Sector, Tel. +370 5 236 7878 |
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