Lietuvos energija, AB - Notification on material event

Regarding decisions adopted at the general meeting of shareholders of public company Lietuvos energija, AB on 30 April 2012

Elektrėnai, Lithuania, 2012-04-30 10:17 CEST (GLOBE NEWSWIRE) -- The general
meeting of shareholders of public company Lietuvos energija, AB (business ID:
302648707, legal form: public company, registered office address: Elektrinės g.
21, Elektrėnai,  Republic of Lithuania, data on the Company collected and
stored by the Legal Persons‘ Registration Division of Vilnius Branch of VĮ
Registrų Centras) held on 30 April 2012 adopted the following decisions: 

1. Presentation of the Consolidated Annual Report of Lietuvos energija, AB and
its subsidiaries for financial year 2011. 



“Approve of the Consolidated Annual Report of Lietuvos energija, AB and its
subsidiaries for financial year 2011 (appended)“. 



2. Presentation of an Independent Audit Report on the Financial Statements of
Lietuvos energija, AB for 2011 and on the Consolidated Financial Statements of
Lietuvos energija, AB and Its Subsidiaries for 2011. <No resolution on this issue will be passed>.



3. Approval of the Financial Statements of Lietuvos energija, AB for 2011 and
the Consolidated Financial Statements of Lietuvos energija, AB and Its
Subsidiaries for 2011. 



“Approve the Financial Statements of Lietuvos energija, AB and the Consolidated
Financial Statements of Lietuvos energija, AB and Its Subsidiaries for the year
ended on 31 December 2011, audited by  PricewaterhouseCooper UAB, the Company‘s
auditor (appended).“ 



4. Allocation of profit / loss of Lietuvos energija, AB for 2011.



“Approve the allocation of profit / loss of Lietuvos energija, AB for the year
ended on 31 December 2011“. 



5. Approval of the model agreement by and between Lietuvos energija, AB and an
independent member of the Board. 



“5.1. Approve the form of model agreement by and between Lietuvos energija, AB
and an independent member of the Board (hereinafter referred to as the
“Agreement“) (appended); 

5.2. Authorise the General Manager of Lietuvos energija, AB to amend any
non-material terms and conditions of the Agreement; 

5.3. Set for the independent member of the Board of Lietuvos energija, AB a
hourly rate of pay of LTL 150 (one hundred fifty Litas) excluding VAT for the
actual work of an independent member of the Board; 

5.4. Establish that the maximum remuneration for the independent member of the
Board of Lietuvos energija, AB shall be LTL 3,500 (three thousand five hundred
Litas) excluding VAT per month; 

5.5. Authorise the General Manager of Lietuvos energija, AB to conclude an
agreement on the activities of an independent member of the Board with Ms
Sonata Matulevičiene, Independent Member of the Board“. 




         Jūratė Kavaliauskaitė
         Head of Communications
         Lietuvos energija, AB
         Tel. +370 528 33691
         E-mail: jurate.kavaliauskaite@le.lt

Attachments:

Agreement_independent_member_of_board_ EN.pdf

Consolidated annual report and financial statments - 2011.pdf

2011 Profit distribution project.pdf