Vilnius, Lithuania, 2016-04-06 15:13 CEST (GLOBE NEWSWIRE) -- The Board meeting of AB Grigeo Grigiškės on 6 of April, 2016 stated that in 2016 the Company will implement the last phase of the recent largest investment program. This will allow to concentrate on a more intensive exploitation of investment. As a result, the Company's Board decided to name that depending on the financial indicators, since 2017 the Board will offer to Annual General Meetings of Shareholders to increase dividends significantly.
At the same meeting, the Board decided to propose to shareholders to form a reserve of EUR 1 million for acquiring own shares and to instruct the Board of the Company to organize the acquisition and sale up to 793,650 of own shares under the conditions set by Ordinary Annual General Meeting of Shareholders.
Gintautas Pangonis
President of AB Grigeo Grigiškės
(+370-5) 243 58 01