English Lithuanian
Published: 2012-03-22 08:00:01 CET
Telia Lietuva
Notification on material event

The Board convokes shareholders’ meeting and proposes to pay 0.20 litas dividend per share

On 21 March 2012 the Board of TEO LT, AB (hereinafter TEO or “the Company”) decided: 

- To approve the draft of the audited annual consolidated financial statements of the Company for the year 2011, prepared according to International Financial Reporting Standards, and to propose to the Company’s Annual General Meeting of Shareholders to approve the draft of the Company’s annual consolidated financial statements for the year 2011.

Audited financial results of TEO Group for the year 2011 are the same as on 1 February 2012 announced results for the twelve months of 2011: consolidated TEO Group revenue for the year 2011 amounted to LTL 749,784 thousand (EUR 217,152 thousand) and profit for the period was LTL 154,486 thousand (EUR 44,742 thousand).

- To approve the Company’s Consolidated Annual Report for the year 2011, prepared by the Company and assessed by the auditors, and to present the Company’s Consolidated Annual Report for information to the Company’s Annual General Meeting of Shareholders.

- To approve the draft of the Company’s profit allocation for the year 2011 and to propose for the Annual General Meeting of Shareholders to allocate the profit according to the draft of the profit allocation: from the Company’s distributable profit of LTL 161,163 thousand (EUR 46,676 thousand) to allocate LTL 155,364 thousand (EUR 44,997 thousand) for the dividend payment for the year 2011 or LTL 0.20 (EUR 0.058) dividend per share. For annual payments (tantiemes) to six members of the Board for the year 2011 to allocate LTL 324 thousand (EUR 93.8 thousand), i.e. LTL 54 thousand (EUR 15.6 thousand) per one member of the Board.

- To convoke the Annual General Meeting of Shareholders in TEO LT, AB headquarters, at room on 23 floor, Lvovo str. 25, Vilnius, Lithuania, at 13.00 on 24 April 2012, and to propose to the Annual General Meeting of Shareholders’ the following draft agenda:

1. Information of the Company’s auditor.

2. Approval of the annual consolidated financial statements of the Company for the year 2011 and presentation of the consolidated annual report of the Company for the year 2011.

3. Allocation of the profit of the Company of 2011.

4. Election of the Company’s auditor.

5. Regarding implementation of decisions.

 

ENCL.:

- Drafts of TEO LT, AB Financial Statements, Consolidated Annual and Independent Auditor’s Reports for the year ended 31 December 2011.

- Presentation of TEO LT, AB results for the year 2011.

         Egle Gudelyte-Harvey,
         Director of Corporate Administration and Legal Affairs Unit,
         tel. +370 5 236 7292


2011_Consolidated_Report.pdf
2011_IFRS_report.pdf
2011_results.pdf


http://www.teo.lt/en/videonews-en/3654
Video comment by CEO of TEO LT, AB Arūnas Šikšta