Linas Agro Group - Notification on material event

Procedure for the payout of dividends for the financial year ended 30 June 2017

 

On 26 October 2017, the Annual General Meeting of Shareholders of AB Linas Agro Group (code 148030011, address: Smėlynės St. 2 C, LT-35143 Panevėžys, Lithuania) decided to allocate the Company's profit for the financial year ended 30 June 2017 and to pay out 0.0076 EUR dividend per share before tax.

Dividends will be paid to the shareholders who at the end of the tenth business day following the day of the Annual General Meeting that adopted a decision on dividend payment, i.e. on 10 November 2017 will be shareholders of AB Linas Agro Group.

Till 24 November 2017 the dividends will be paid out in the following order:

- to the shareholders, whose AB Linas Agro Group shares are kept in personal securities accounts operated by securities account operators other than Šiaulių bankas, AB the dividend amount, after deduction of personal income tax or corporate income tax applicable by the laws of the Republic of Lithuania, will be transferred to all the account operators‘ bank accounts at the same time.

- to the shareholders, whose AB Linas Agro Group shares are kept in personal securities accounts operated by the authorized custodian Šiaulių bankas, AB the dividend amount, after deduction of personal income tax or corporate income tax applicable by the laws of the Republic of Lithuania, will be transferred to the shareholders’ specified accounts.

Dividends for the financial year ended 30 June 2017 will be taxed in the following order:

- dividends paid to natural persons-residents / legal entities-residents of the Republic of Lithuania and natural persons-residents / legal entities-residents of foreign countries are subject to corporate income tax of 15 per cent, unless otherwise provided for by the laws. 

         For additional information please contact Šiaulių bankas, AB by phone +370 5 210 2478.

         CFO
         Tomas Tumėnas
         +370 45 507393
         t.tumenas@linasagro.lt