Telsiai, Lithuania, 2016-08-30 06:03 CEST (GLOBE NEWSWIRE) -- In response to the charges disseminated by the Investors Association (Investuotojų asociacija) in the public domain, Žemaitijos Pienas, AB hereby denies such charges and notes that the Company’s financial documents, as well as the auditor’s report has been published in accordance with the legal requirements and following a long-term practice formed by the Company.
The Law on Companies (CL, Art. 34) states that a company’s board analyses and assesses the set of the company’s financial statements, and profit (loss) distribution, as well as assesses and approves the company’s interim report with any appendices thereto, and initiates general meetings of shareholders. On 24 August 2016, the Board of the Company approved the financial documents by the protocol decision, as well as published them along with the draft decisions on the same day via AB Nasdaq Vilnius following the procedure established by legal acts. Žemaitijos Pienas, AB has complied and will comply with requirements of legal acts.
Gintaras Keliauskas
Lawyer
+ 370 444 22208