Panevezys, Lithuania, 2012-10-26 07:38 CEST (GLOBE NEWSWIRE) --
On 25 October 2012, 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 2012 and to pay out 0.028 litas 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 9 November 2012 will be shareholders of AB Linas Agro Group.
From 22 November 2012 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 Swedbank, 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 Swedbank, 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’ accounts with Swedbank, AB.
Dividends for the financial year ended 30 June 2012 will be taxed in the following order:
- dividends paid to natural persons-residents of the Republic of Lithuania and natural persons-residents of foreign countries are subject to personal income tax of 20 per cent;
- dividends paid to legal entities of the Republic of Lithuania and legal entities-residents of foreign countries are subject to corporate income tax of 15 per cent, unless otherwise provided for by the laws.
Residents of the foreign countries, that have concluded agreements on Avoidance of Double Taxation with the Republic of Lithuania, could take advantage of reduced tariffs provided by such agreements by submitting Claim for Reduction or Exemption from the Anticipatory Tax Withheld at Source, form
FR0021 (DAS-1). The form should be completed in two copies following the law requirements and presented to Swedbank AB together with the broker's confirmation by 16 November 2012.
For additional information please contact Swedbank, AB by phone 1884.
Investor relations specialist
Agnė Barauskaitė
+370 45 507 346
a.barauskaite@linasagro.lt