Regarding introduction of the projects of the ordinary general meeting of shareholders of the company and relevant documents to the ordinary general meeting of shareholders to be held on 30 April 2018

Updated report

ŽEMAITIJOS PIENAS, UAB (registered address: 35 Sedos st., Telšiai, company registration number 180240752, hereinafter referred to as Company) notified (announced) about the ordinary general meeting of shareholders of the Company to be called on 30 April 2018 through Nasdaq Vilnius on 06 April 2018¹ and 09 April 2018².

A part of the projects of resolutions to be introduced to ordinary general meeting of shareholders of the Company was announced (submitted) on 09 April 2018²; a part of documents has not been introduced for objective reasons: auditor’s report, consolidated annual report with appendices for the year 2017, also set of consolidated financial statements of Žemaitijos pienas AB Group of Companies for the year 2017 and Company’s profit (loss) distribution project for the year 2017.

ŽEMAITIJOS PIENAS, UAB introduces the projects of resolutions and relevant documents as follows: auditor’s report, consolidated annual report with appendices for the year 2017, set of consolidated financial statements of Žemaitijos pienas AB Group of Companies for the year 2017 and Company’s profit (loss) distribution project for the year 2017.

ŽEMAITIJOS PIENAS, UAB reminds of an agenda of the ordinary general meeting of shareholders of the company to be called on 30 April 2018 at 11:00 a.m.:

1. Organizational issues of the general meeting of shareholders;
2. Presentation of the auditor’s report and consolidated annual report of the company for the year 2017;
3. Approval of the consolidated annual financial statements of the Company for the year 2017;
4. Approval of profit (loss) distribution of the Company for the year 2017;
5. Regarding establishment of a budget for members of collegial bodies of the company for activities carried out at the company;
6. Regarding establishment of conditions and a procedure of purchase of own shares;
7. Regarding application to commercial banks for 10 million  loan;
8. Regarding a part of the resolution of the extraordinary general meeting of shareholders held on 16 September 2016 on allocation of bonuses (tantiemes).

The Board of AB "ŽEMAITIJOS PIENAS" apologizes the Company‘s shareholders for the late publication of the Company‘s financial statements and other financial documents.The Company notes that the above mentioned formal violation occured due to the objective reasons. This violation occured because the audit company has not been able to provide in time the Company‘s audited financial statements and other financial documents.
We are very sorry for such inconvenience and offer Access to the documents submitted with this report.

Attached documents
Lawyer
G.Keliauskas
+370 444 22208

1 https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=832837&messageId=1047184

2 https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=833003&messageId=1047393

Attachments

• auditors rap., consolid.annual rap., financ.stam., consol.finans.statm. and codex 2017m.En.
• Soc responsibility report ENG
• confirmat.persons 2017 En.
• General Balot 2018 0430(EN) 0413
• Draft decision 2080430 (ENG)0413