Zemaitijos Pienas - Notification on material event

Regarding Extraordinary General Meeting of Shareholders, the agenda and draft resolutions

Telšiai, Lietuva, 2014-08-22 06:56 CEST (GLOBE NEWSWIRE) -- 

By the initiative and resolution of the Board of AB Žemaitijos pienas an
Extraordinary General Meeting of Shareholders of AB Žemaitijos pienas
(registered office at Sedos str. 35, Telšiai, company code 180240752), is
convened on 19 September 2014. 


Venue - Meeting room of AB Žemaitijos pienas located at Sedos str. 35, Telšiai.


Time - 3 p.m. (Registration starts at 2.30 p.m.).


The date of identification - 15 September 2014 (the right to attend and vote at
the General Meeting of Shareholders is entitled only to those persons who are
shareholders of the Company as of the end of the said identification date, or
their authorized representatives,or the persons with whom an agreement on the
disposal of the voting rights is concluded). 


The proposed Meeting agenda and draft resolution:


1. Regarding appointment of an auditor and determination of the fee for audit
services. 


“To appoint UAB Grant Thorton Rimess as the auditor of financial statements for
2014 and 2015 of AB Žemaitijos pienas and to determine a fee for the services
not exceeding the cost  proposed in the commercial offer of UAB Grant Thorton
Rimess.” 



The Company shall not enable participating and voting at the Meeting by
electronic means of communication. 


Shareholders who hold shares carrying at least 1/20 of all votes, as well as
other persons specified by law may propose annexes to issues on the agenda, by
providing a draft resolution of the General Meeting to every proposed
additional issue, or in case no resolution is required - an explanation. The
proposals to annex the agenda shall be submitted in writing. 


The proposals to annex the agenda with the additional issues may be submitted
following the terms of the Law on Companies of the Republic of Lithuania. 


The shareholders have the right to submit the questions related to the Meeting
agenda beforehand. The shareholders may submit the questions by e-mail not
later than 3 working days before the Meeting. The Company shall answer the
questions submitted by e-mail before the Meeting. In case the relevant
information is posted on the Company's website - http://www.zpienas.lt, the
Company shall not provide the shareholder with a personal reply. 



During the registration to attend the Meeting, the shareholders or their
authorized representatives shall present a document confirming personal
identity. The authorized representatives must provide powers of attorney duly
endorsed as provided by the law. A power of attorney issued by a natural person
must be notarized. A power of attorney issued in a foreign state must be
translated into Lithuanian and legalized as provided by the law. The
representative may be authorized by more than one shareholder and vote
differently under the orders of each shareholder. The form of the power of
attorney is not specified by the Company. 


Shareholder, holding shares in the Company in his own name, but for the benefit
of other persons, before voting at the General Meeting, shall disclose the
identity of the final customer, the number of shares that are put to the vote
and the content of the voting instructions submitted to him or any other
explanation regarding the participation agreed upon with the customer and
voting at the General Meeting.Because of votes carried by this part of shares,
a shareholder may vote differently from the rest of votes attached to the
shares. 



The shareholders are also entitled with other rights and obligations as
provided in the Law on Companies of the Republic of Lithuania and / or other
legislation. 




         Gintaras Keliauskas, Lawyer
         Phone + 370444 22208