{"id":1118,"date":"2019-04-09T14:16:46","date_gmt":"2019-04-09T16:16:46","guid":{"rendered":"https:\/\/linas.lt\/en\/?p=1118"},"modified":"2019-04-09T14:16:46","modified_gmt":"2019-04-09T16:16:46","slug":"draft-resolutions-of-the-annual-general-meeting-of-shareholders-2","status":"publish","type":"invest-naujienos","link":"https:\/\/linas.lt\/en\/invest-naujienos\/draft-resolutions-of-the-annual-general-meeting-of-shareholders-2\/","title":{"rendered":"Draft Resolutions of the Annual General Meeting of Shareholders"},"content":{"rendered":"\n

Draft Resolutions suggested by\nthe Board of AB \u201cLinas\u201d for the Annual\nGeneral Meeting of Shareholders to be held on 30 April 2019:<\/p>\n\n\n\n

1. Audit\nconclusion regarding the consolidated and Company\u2019s Annual Financial Accountability\nand Annual Report of year 2018.<\/em><\/strong><\/p>\n\n\n\n

Project of\nresolution: to pay attention to the auditor\u2019s conclusions confirming AB \u201cLinas\u201d\nconsolidated and Company\u2019s financial accountability of year 2018 and to agree\nto the consolidated annual report of the company of year 2018.<\/p>\n\n\n\n

2. Confirmation of\nconsolidated and company\u2019s annual financial accountability of year 2018 and\npresentation of consolidated annual report. <\/em><\/strong><\/p>\n\n\n\n

Project of\nresolution: to confirm AB \u201cLinas\u201d consolidated and company\u2019s annual financial\naccountability and to agree to consolidated annual report of year 2018.<\/p>\n\n\n\n

3. Company\u2019s\nprofit (loss) allocation of year 2018. <\/em><\/strong><\/p>\n\n\n\n

Project of\nresolution: to confirm AB \u201cLinas\u201d profit (loss) allocation:<\/p>\n\n\n\n

1) retained loss of the previous financial\nyear at the end of the accounting year \u2013 29 459 EUR; <\/p>\n\n\n\n

2) net profit of the accounting year  891 998 EUR;<\/p>\n\n\n\n

3) profit (loss) of the accounting\nfinancial year unrecognized in the statement of comprehensive income – 0 EUR;<\/p>\n\n\n\n

4) transfers from mandatory reserve  0 EUR;<\/p>\n\n\n\n

5) transfers from reserve for business\nprojects 0 EUR;<\/p>\n\n\n\n

6) transfers from reserve for the support 0\nEUR;<\/p>\n\n\n\n

7) transfers from profit for dividend\npaying  0 EUR;<\/p>\n\n\n\n

8) shareholders contributions to cover\ncompany\u2019s loses 0 EUR;<\/p>\n\n\n\n

9) allocated loss totally 862 539 EUR;<\/p>\n\n\n\n

10) share of profit set for the mandatory\nreserve 44 600 EUR;<\/p>\n\n\n\n

11) share of profit set for the reserve\nfor purchase of own shares  264 429 EUR;<\/p>\n\n\n\n

12) share of profit set to other reserves 0\nEUR;<\/p>\n\n\n\n

13) share of profit set for dividend\npaying  0 EUR;<\/p>\n\n\n\n

14) share of profit set for annual\nallowances (bonuses) for the members of the board, for the employees premiums\nand other purposes 0 EUR;<\/p>\n\n\n\n

15) retained loss at the end of the\nfinancial year transferred to the next financial year 553 510 EUR.<\/p>\n\n\n\n

4. Purchase of the Company\u2019s own shares.<\/em><\/strong><\/p>\n\n\n\n

Project of\nresolution:<\/p>\n\n\n\n

  1. The Company shall purchase own\nshares. Maximal number of shares to be acquired: Total nominal value of the\ntreasury shares owned by the Company cannot exceed 1\/10 of the Company\u2019s\nAuthorized Capital. <\/li><\/ol>\n\n\n\n
    1. Purpose of acquisition of own shares: Maintain and increase the\n price of the Company\u2019s shares.<\/li>
    2. Period during which the Company may purchase own shares: 18 months\n from the day of approval the resolution. <\/li>
    3. Maximal and minimal purchase price per share: Maximal purchase\n price per share shall be settled at 10 per cent higher from the market\n price of the Company\u2019s shares at the Nasdaq Vilnius Stock Exchange on the\n date when the resolution to start purchasing own shares is adopted by the\n Board of Directors, and the minimal purchase price per share shall be\n settled at 10 per cent lower from the market price of the Company\u2019s shares\n at the Nasdaq Vilnius Stock Exchange on the date when the resolution to\n start purchasing own shares is adopted by the Board of Directors.<\/li>
    4. The procedure of selling of own shares and minimal sales price:\n The treasury shares acquired by the Company may be annulled or sold on\n condition that the minimal sales price of shares will be equal to the\n price of acquisition, and the selling procedure will ensure equal\n opportunities for all shareholders to acquire the Company\u2019s shares.<\/li>
    5. Following the conditions set by this Resolution and the\n requirements of the Law on Public Limited Liabilities Companies of the\n Republic of Lithuania, the Board of Directors of the Company is authorized\n to adopt resolutions in regards with the purchase of the Company\u2019s shares,\n organize the purchase and sales of the own shares, establish a procedure\n and time for purchase and sales of the own shares, as well as their price\n and number, and also complete all other related actions.<\/li><\/ol>\n\n\n\n

      5.  Election of\nthe member of Audit Committee and approval of the salary of the members of the\nAudit Committee.<\/em><\/strong><\/p>\n\n\n\n

      Project of decision: to propose to\nelect Ana Siriene as a member of the Company’s\nAudit Committee.<\/p>\n\n\n\n

      To determine\nhourly rate for an independent member of the Audit Committee is limited to a\nmaximum of 62.50 Eur (sixty-five euros and fifty cents) (before tax) for the\nactual activity of an independent member of the Audit Committee.<\/p>\n\n\n\n

      Determine that the monthly fee for a\nmember of the Audit Committee is limited to a maximum of 1 500 Eur (one\nthousand five hundred euros) (before tax).<\/p>\n\n\n\n

      AB \u201cLinas\u201d Head of finance dept.<\/p>\n\n\n\n

      Egidijus Mikeliunas<\/p>\n\n\n\n

      Tel.: +370 45 506100<\/p>\n\n\n\n

      Linas AB annual information 2018<\/a><\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-1118","invest-naujienos","type-invest-naujienos","status-publish","hentry"],"acf":[],"yoast_head":"\nDraft Resolutions of the Annual General Meeting of Shareholders - linas.lt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/linas.lt\/en\/invest-naujienos\/draft-resolutions-of-the-annual-general-meeting-of-shareholders-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Draft Resolutions of the Annual General Meeting of Shareholders - linas.lt\" \/>\n<meta property=\"og:description\" content=\"Draft Resolutions suggested by the Board of AB \u201cLinas\u201d for the Annual General Meeting of Shareholders to be held on 30 April 2019: 1. 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