Zemaitijos Pienas AB - Notification on material event

Notification on material eventConvocation of the Ordinary General Meeting of Shareholders

Telšiai, Lithuania, 2012-03-28 13:47 CEST (GLOBE NEWSWIRE) --                  
                28-03-2012 


Notification on material eventConvocation of the Ordinary General Meeting of
Shareholders 

By the initiative and decision of the Board of AB Žemaitijos Pienas, the
Ordinary General Meeting of Shareholders of AB Žemaitijos Pienas, company code:
180240752, is convened on 27 April 2012 in the head office of the Company
(Sedos Str. 35, Telšiai). 

Place of the Meeting: the meeting hall of AB Žemaitijos Pienas, Sedos Str. 35,
Telšiai. 

Time of the Meeting: 15:00 (the registration of shareholders starts at 14:15).

The Accounting Day of the Meeting shall be 20 April, 2021 (only those persons,
who will be counted as shareholders at the end of Accounting Day of the
Meeting, or their proxies, or persons with whom an agreement on the transfer of
voting rights is concluded shall be entitled to attend and vote at the General
Meeting of Shareholders). 

The Property Rights Accounting Day shall be 14 May 2012 (the shareholders shall
be entitled to use their property rights, emerging from decisions of the
General Meeting in proportion to the number of shares held at the end of the
Property Rights Accounting Day). 

Agenda of the Meeting:

1. Auditor's Report on the Company's Financial Statements and Annual Report for
the year 2011 

2. Summary of the Company's Audit Committee's Report

3. Company's Annual Report for the year 2011

4. Approval of the Company's Annual Financial Statements for the year 2011

5. Approval of the Company's income (loss) allocation for the year 2011

6. Formation of the Reserve for Acquisition of Own Shares and determination of
the conditions for acquisition of shares 

7. Other issues

The Company shall not provide possibility of voting and participation at the
General Meeting via electronic means. 

Draft resolutions on the agenda of the General Meeting, all documents to be
submitted to the General Meeting, and information related to the implementation
of the rights of shareholders will be posted on the Company's website
http://www.zpienas.lt under the menu item “Investuotojams” (To Investors) no
later than 21 days prior to the Meeting date. 

The shareholders, who own shares giving at least 1/20 of the voting rights, as
well as other persons specified by law, may propose amendments to the agenda of
the General Meeting by submitting draft resolutions on the proposed issues (in
case, when the resolution is not required - an explanation) together with each
proposal. The proposals to add additional items to the agenda shall be
submitted in writing. 

The proposals to add additional items to the agenda shall be submitted
according to the deadlines set forth in the Law on Companies of the Republic of
Lithuania. 

The shareholders are entitled to submit their questions concerning the agenda
items in advance. The shareholders may submit the above mentioned questions by
e-mail, no later than 3 working days before the date of the Meeting. The
Company will answer the submitted questions by e-mail before the Meeting. The
Company shall not deliver the answer to any question of the shareholder
personally provided that the relevant information will be posted on the
Company's website http://www.zpienas.lt. 

When registering to attend the Meeting, the shareholders or their proxies will
be asked to present an identity document. The proxies of the shareholders shall
present their duly certified proxy documents.  The proxy issued by a natural
person has to be notarized. The proxy issued in a foreign country must be
accompanied by a translation into the Lithuanian language and duly legalized
according to the law. The proxy may be authorized by more than one shareholder
and can vote differently according to the instructions given by each
shareholder. The Company does not have a special proxy form. 

A shareholder, who owns the shares of the Company acquired on his/her/its own
name however for the interests of other persons, before voting at the General
Meeting shall disclose to the Company the identity of the end client, the
number of voting shares and the content of given voting instructions, or give
any other explanation related to the participation and voting at the General
Meeting agreed with the client. The shareholder may vote in a different manner
using the above-mentioned part of his/her/its voting rights compared with the
other part of his/her/its voting rights. 

A shareholder or his/her/its its proxy may vote in advance in writing by
filling in the General Ballot Paper. The form of the General Ballot Paper will
be posted on the Company's website http://www.zpienas.lt under the menu item
“Investuotojams” (To Investors) no later than 21 days prior to the Meeting
date. In case of a written request by the shareholder, the Company shall send a
General Ballot Paper by registered mail or deliver it in person against
signature no later than 10 days prior to the Meeting date. The filled in
General Ballot Paper is to be signed by the shareholder or his/her/its proxy.
In case when the General Ballot Paper is signed by the proxy, a document
certifying his/her/its right to vote shall be attached to it. The filled in
General Ballot Paper together with the attached documents (if required) shall
be delivered to the Company's secretary office by registered mail at Sedos Str.
35, Telšiai no later than the last working day prior to the Meeting date. 

Gintaras Keliauskas

AB Žemaitijos pienas

Jurist

More information by phone: 8 444 22208




         Gintaras Keliauskas
         AB Žemaitijos pienas
         Jurist
         More information by phone: 8 444 22208