02.04.2010 AB „Žemaitijos pienas“ Board prepared draft decisions for the General Shareholder‘s meeting held on 16th April, 2010 1.1. to listen to the Company‘s annual report; 1.2. to listen to the Company‘s auditor report on Company‘s package of financial statements and annual report; 1.3. To approve the Company‘s audited financial statement package of 2009; 1.4. To approve Company‘s income (loss) distribution; 1. profit and loss brought forward at the beginning of financial year - 38.002 thousand Litas; 2. net profit (loss) of the financial year - 12.333 thousand Litas; 3. transfers from reserves -, 4. shareholder‘s contributions to cover losses (if the decision is that any or all losses are to be covered by shareholders)-, 5. profit and loss brought forward in total: 50.335 thousand Litas, 6. profit share allocated to other reserves - 7. company profit share allocated to the reserves for the purchase of own shares of 10.000 thousand Litas; 8. profit share, allocated to other reserves -, 9. profit share allocated to pay dividends-, 10.profit share allocated for annual payments (bonuses) for Management Board and Supervisory Board members, staff bonuses and other purposes-, 11. profit and loss brought forward at the beginning of financial year, moved to next financial year - 40.335 thousand Litas. 1.5. Acquisition of own shares to form the reserves of 10 ml. Litas (ten million Litas); 1.6. to set the Rules of acquisition of own shares: 6) the purpose of share purchase - to maintain and to increase the Company‘s stock price 7) the number of company‘s ordinary shares - up to 10 percent of Company‘s share capital, i.e. up to 4 837 500 units.; 8) the period within the Company has a right to purchase its own shares - up to 18 months from decision-making; 9) to set the maximum price per share - 3 Lt, and to set the minimum price of acquisition of one share equal to share minimal value, i.e. 1 Lt; 10) in accordance with the herein set rules and the requirements set in the Companies Act, to grant the right to the Management Board to establish more detailed procedures and conditions on acquisition of own shares in compliance 11) with the shareholders decision on criteria of acquisition of own shares and other circumstances. By this decision the Company's Board is authorized to perform other actions in relation with the acquisition of the Company's own shares. 1.7. Other questions. Gintaras Keliauskas Lawyer (+370-444) 22 208
AB „Žemaitijos pienas“ Board prepared draft decisions for the General Shareholder‘s meeting held on 16th April, 2010
| Source: Zemaitijos Pienas