Zemaitijos Pienas - Notification on material event

RE: THE SUBMITTED PLAINT TO THE COURT (AMENDED NOTIFICATION)

Telsiai, Lithuania, 2016-10-05 17:00 CEST (GLOBE NEWSWIRE) -- 



On 04 October 2016 (16:50) was received a Court order of the District Court of
Telšiai Region according to the plaint submitted by the Association of
Investors and Vytautas Plunksnys regarding the suspension of decisions,
delisting of the shares from trading on a regulated market NASDAQ Vilnius, AB,
adopted by the Board of Žemaitijos pienas as of 03 August 2016 and the
Extraordinary General Meeting of Shareholders as of 26 August 2016. The Court
has ordered the provisional measures and prohibited to execute the adopted
decisions to the Board of Žemaitijos pienas, AB. The Court order shall be
enforced immediately. 



In the near future, the Company’s board intends to suggest to the Shareholders
to remove the issue on the delisting of Company’s shares from trading on a
regulated market NASDAQ Vilnius, AB from the Agenda of General Meeting of
Shareholders to be held on 28 October 2016 and not to continue the public
offering of shares until the plaint of Association of Investors and Vytautas
Plunksnys will be examined. 


         Lawyer
         Gintaras Keliauskas
         + 370 444 22208