Telsiai, Lithuania, 2017-03-23 16:20 CET (GLOBE NEWSWIRE) -- On JSC "Žemaitijos pienas" Board's initiative and decision, JSC "Žemaitijos pienas" (registered office Sedos str. 35, Telšiai, Company code 180240752) ordinary general meeting of shareholders is being called on April 14th, 2017.
Meeting place - Public company "Telšiai district business incubator", meeting hall, address Sedos 34A, Telšiai.
Meeting starts at 12:00 PM (registration starts at 11:00 PM, registration place - Public company "Telšiai district business incubator", meeting hall, address Sedos 34A, Telšiai).
Meeting accounting day - April 07th, 2017 (only those persons have the right to participate and vote at the general meeting of shareholders, who will be the Company's shareholders at the end of the general meeting of shareholders accounting day, or their authorized persons, or persons, with whom an agreement of voting right transfer is concluded).
Rights accounting day - May 02th, 2017 (shareholders will use shareholders' property rights, arising from decisions adopted during the general meeting of shareholders, in proportion to the number of shares they have at the end of rights accounting day).
Meeting agenda:
- Organisational issues of the General Meeting of Shareholders;
- The audit findings and the presentation of the consolidated annual report 2016 of the Company;
- Approval of the Company’s annual consolidated financial statements 2016;
- Approval of the 2016 profit / loss distribution of the Company;
- Determination of the budget for the members of collegial bodies of the Company for the activities carried out in the Company;
- Regarding the election of the members of the audit committee of the Company;
- Regarding determination of the terms, conditions and procedure of acquisition of own shares.
The financial report for the year 2015 has been assessed and revised, and is published (submitted) together with the financial statements for the year 2016.
The Company does not provide a possibility to participate and vote at the meeting by electronic means of communication.
Decision drafts regarding the meeting agenda issues, documents, that are going to be presented for general meeting of shareholders, and information, related to execution of shareholders rights are going to be announced no later than 21 days before the meeting, in accordance to the legislation.
Shareholders, whose shares give them no less than 1/20 of all votes, can propose to supplement meeting agenda, providing a shareholder's meeting decision draft along with every proposed additional issue or, if the decision is unnecessary to be made, explanation. Proposals to supplement the agenda shall be delivered in writing or by email.
Proposals in writing shall be delivered to the secretary's office during working hours or sent by registered mail to address: JSC "Žemaitijos pienas", Sedos str. 35, Telšiai. Proposals by email shall be delivered by sending them by email info@zpienas.lt, proposals should be submitted no later than in time limits indicated in the Law of limited liability companies of the Republic of Lithuania.
Proposals to supplement the agenda with additional issues shall be submitted according to procedures and conditions of the Law of limited liability companies of the Republic of Lithuania. Shareholders have the right to submit questions for the Company, related to meeting agenda issues. Shareholders can submit questions by email info@zpienas.lt, no later than 3 working days before the meeting. Company will answer the questions by email until the meeting.
In registration to attend the meeting, shareholders or their authorized persons shall provide an identity document. Persons authorized by shareholders shall provide a power of attorney according to the laws. Power of attorney granted by natural person must be certified by the lawyer. Power of attorney issued in a foreign country must be translated into Lithuanian and legalized according to the laws. Authorized person can be authorized by more than one shareholder and vote differently according to each shareholders' orders.
The Company does not establish a special form of power of attorney. A shareholder holding shares of the Company, acquired on its own name but on behalf of other persons, before voting at the general meeting of shareholders shall disclose to the Company final customer's identity, the number of shares, which are used to vote and the content of voting instructions provided to him or any other explanation regarding participation and voting at the general meeting of shareholders agreed with the client. A shareholder may vote with the votes granted by the corresponding part of shares differently from the votes granted by other corresponding shares.
Shareholder or his authorized person can vote in advance in writing by filling in the general voting bulletin. General voting bulletin form will be published no later than 21 day before the meeting. Under the request of shareholder, the Company sends the general voting bulletin by registered mail or delivers it personally upon signature no later than 10 days before the meeting. Filled general voting bulletin shall be signed by the shareholder or his authorized person and provide the documents supporting the power of attorney. If the general voting bulletin is signed by the shareholder's authorized person, the document confirming the right to vote shall be submitted along with it. Filled general voting bulletin along with supplement documents (if necessary) shall be submitted to the Company by sending registered mail to the secretary's office, by address JSC "Žemaitijos pienas", Sedos str. 35, Telšiai no later than the last working day before the meeting. Decision drafts of the general meeting of shareholders and other information are going to be announced in accordance to the legislation.
Lawyer
Gintaras Keliauskas
+ 370 444 22208
