Published: 2011-05-17 12:35:48 CEST
Linas
Notification on material event

Resolutions of Repeated Annual General Meeting of Shareholders

Panevezys, Lithuania, 2011-05-17 12:35 CEST -- Resolutions of AB “Linas” Repeated Annual General Meeting of Shareholders dated May 17, 2011:

1. Attention is paid to the auditor’s conclusions confirming AB “Linas” consolidated and Company’s financial reports set of year 2010 and to agree to Company’s consolidated annual report of year 2010.

2. AB “Linas” consolidated and Company’s annual financial reports set is confirmed and it was agreed to consolidated annual report of year 2010.

3. AB “Linas” profit (loss) allocation of year 2010 is confirmed:

1) retained loss of the previous financial year at the end of the accounting year 8.999.732 Lt (2.606.503 EUR);

2) net profit of the accounting year 7.997.694 Lt (2.316.292 EUR);

3) profit of the accounting financial year unrecognized in the statement of profit (loss) - 12.673 Lt (3.670 EUR);

4) transfers from mandatory reserve 0 Lt (0 EUR);

5) transfers from reserve for business projects 0 Lt (0 EUR);

6) transfers from reserve for the support 0 Lt (0 EUR);

7) transfers from profit for dividend paying 11.706 Lt (3.390 EUR);

8) shareholders contributions to cover company’s looses 0 Lt (0 EUR);

9) allocated losses totally 977.659 Lt (283.150 EUR);

10) share of profit set for the mandatory reserve 0 Lt (0 EUR);

11) share of profit set for the reserve for purchase of own shares 0 Lt (0 EUR);

12) share of profit set to other reserves 0 Lt (0 EUR);

13) share of profit set for dividend paying 0 Lt (0 EUR);

14) share of profit set for annual allowances (bonuses) for the members of the board, for the employees premiums and other purposes 0 Lt (0 EUR);

15) retained losses at the end of the financial year transferred to the next financial year 977.659 Lt (283.150 EUR).

 

4. Resolution to recall Ramunas Lenciauskas, Martynas Jasinskas, Lilijana Puriene and Virginija Jukoniene from the Company’s members of the Board was confirmed.

5. It was agreed to elect to the Board of the Company Ramunas Lenciauskas, Martynas Jasinskas, Daiva Minkeviciene and Gintare Dambrauskaite.

6. It was agreed to elect audit company UAB “Revizorius” to the position of the auditors of AB “Linas” for year 2011-2013.

         AB “Linas” chief accountant
         Daiva Minkevičienė
         +370 45 506141