Published: 2012-10-26 07:26:04 CEST
Linas Agro Group
Notification on material event

Results of voting of Annual General Meeting of AB Linas Agro Group, held on 25 of October, 2012

Panevezys, Lithuania, 2012-10-26 07:26 CEST --  

Decisions of the Annual General Meeting of the Company‘s Shareholders, held on 25 October 2012:

Presentation of the Company’s Audit committee activity report

Decision: Presented (enclosed). No voting.

Presentation of the independent auditors’ report

Decision: Presented (enclosed). No voting.

Presentation of the consolidated annual report of the Company for the financial year 2011/2012

Decision: Presented (enclosed). No voting.

Approval of the consolidated and the Company’s set of financial statements for the financial year ended 30 June, 2012

Decision: To approve the consolidated and the Company‘s set of financial statements for the financial year ended 30 June, 2012 (enclosed).

Approval of the Distribution of the Company’s Profit

Decision:

To approve the Distribution of the Company’s Profit:

1) Retained earnings – profit (loss) of the previous financial year at the end of the accounting financial year 3,291,443 LTL
2) Net profit (loss) of the financial year 68,912,588 LTL
3) The profit (loss) of the accounting financial year not recognized in the profit (loss) account
4) The transfers from the reserves
5) The shareholder‘s contributions to cover the losses of the Company (if shareholders decided to cover all or part of losses)
 
6) The total profit (loss) available for appropriation 72,204,031 LTL
7) The part of the profit allocated to the legal reserve 3,450,000 LTL
8) The part of the profit allocated to the reserve of the own share acquisition
9) The part of the profit allocated to the other reserves
10) The part of the profit allocated for the payment of dividends* 4,500,000 LTL
11) The part of the profit allocated for payment of annual bonuses to the Board, employees and other purposes
 
12) Retained earnings – profit at the end of the financial year carried forward to the next financial year 64,254,031 LTL

* to allocate LTL 4,500,000.00 (EUR 1,303,290.08) for the dividend payment for the financial year ended on 30 June, 2012, which consist LTL 0.028 (EUR 0.0082) with taxes per one share of the Company.

Election of the Company‘s auditor and establishment of the payment for the services

Decision:

  1. To elect Auditor of the Company “ERNST & YOUNG BALTIC“ (code 110878442, address Subaciaus St. 7, Vilnius);
  2. To establish the payment for services not more than 30,000 (thirty thousand) euro (VAT excluded) for the audit of the Company’s and consolidated financial statements for the financial year 2012/2013;
  3. To charge the Managing Director of the Company to conclude and sign the agreement with elected Auditor.

Recall of the Company’s Board members

Decision: To recall from the Board of the Company all members of the Board: Andrius Pranckevičius, Arūnas Jarmolavičius, Arūnas Zubas, Dainius Pilkauskas, Darius Zubas, Tomas Tumėnas and Vytautas Šidlauskas.

Election of the Company’s Board members

Decision: To elect to the Board of the Company for the new term of the Board for 4 (four) years:

  1. Andrius Pranckevičius;
  2. Arūnas Jarmolavičius;
  3. Arūnas Zubas;
  4. Dainius Pilkauskas;
  5. Darius Zubas;
  6. Tomas Tumėnas;
  7. Vytautas Šidlauskas.

Sincerely
Managing Director
                 Darius Zubas         


LNA_2011-2012_Audit_committee_activity_report.pdf
2011-2012_LNA_IFRS_EN.pdf
LNA_presentation_2012-10-25.pptx
LNA_2011-2012_ConfirmationRP_Consolidated_Annual_Report_CGCode_Compliance.pdf