Zemaitijos Pienas AB Notification on material event 27.04.2012

Resolutions adopted by Žemaitijos pienas, AB Shareholders’ Meeting as of
27/04/2012

Telšiai, Lietuva, 2012-04-27 15:21 CEST (GLOBE NEWSWIRE) -- 1. The Meeting had
heard of the Company’s annual report for the year 2011 (enclosed please find).

2. The Meeting has heard the audit firm’s report on the Company’s financial
statements and annual report for the year 2011 (enclosed please find).

3. The Meeting has heard the Audit Committee’s report for the year 2011
(enclosed please find).

4. The Meeting has d e c i d e d to approve Žemaitijos pienas, AB audited
financial statements for the year 2011 (enclosed please find).

5. The Meeting has d e c i d e d to approve the following profit (loss)
distribution for the year 2011 (thousand LTL; thousand EUR):



Thousan Thousan
d LTL d EUR
--------------------------------------------------------------------------------
1. Profit (loss) brought forward in the beginning of the 45,954 13,309
reporting year
--------------------------------------------------------------------------------
2. Net profit (loss) of the current financial year 9,029 2,615
--------------------------------------------------------------------------------
3. Transfers from reserves 13,000 3,765
--------------------------------------------------------------------------------
4. Total profit (loss) to be distributed 67,983 19,689
--------------------------------------------------------------------------------
5. Share of profit allocated to the Reserve for Acquisition 10,000 2,896
of Own Shares
--------------------------------------------------------------------------------
6. Share of profit to pay dividends 0 0
--------------------------------------------------------------------------------
7. Share of profit for annual payments (bonuses) to the 0 0
members of the Board and the Supervisory Board
--------------------------------------------------------------------------------
8. Share of profit for employee bonuses 0 0
--------------------------------------------------------------------------------
9. Profit (loss) brought forward at the end of the reporting 57,983 16,793
year, transferred to the next financial year
--------------------------------------------------------------------------------



6. The Meeting has d e c i d e d to form the Reserve for
Acquisition of Own Shares amounted toLTL 10 million (ten million Litas):

1. To set conditions for the acquisition of own
shares:

1) The purpose of acquisition of share is to maintain and increase the
Company’s share price;

2) The number of the Company’s registered ordinary shares to be acquired – up
to 10% of the Company’s authorized capital, i.e. 4,837,500 shares;

3) The period within which the Company may acquire its own shares – up to 18
months following the date of resolution;

4) To set the maximum price per own share to be acquired – LTL 3; to set the
minimum price per share to be acquired as equal to the share denomination, i.e.
LTL 1.

5) Based on the terms and conditions of this resolution and requirements
established by the Republic of Lithuania Company Law, to commit the Board to
determine the detailed procedures and terms for purchase/acquisition of own
shares, taking into consideration the criteria for purchase of own shares as
well as other circumstances established by the Company shareholders’
resolution. In addition, herewith the Board is authorized to perform other
actions insofar as such actions are related to the Company’s own shares
acquisition.










Gintaras Keliauskas
lawyer
+370 444 22208


1. Audit_Commit_report_ZP12En..pdf
(https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=390214)
2. 2011 financ.En..pdf
(https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=390217)
3. statemnts.120330En..pdf
(https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=390215)
4. 2011 consolid.annual reort. EN.pdf
(https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=390216)
5. 2011Codex.pdf
(https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=390218)

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