{"id":1133,"date":"2019-04-30T09:01:37","date_gmt":"2019-04-30T11:01:37","guid":{"rendered":"https:\/\/linas.lt\/en\/?p=1133"},"modified":"2019-04-30T09:01:37","modified_gmt":"2019-04-30T11:01:37","slug":"draft-resolutions-of-the-repeated-annual-general-meeting-of-shareholders-3","status":"publish","type":"invest-naujienos","link":"https:\/\/linas.lt\/en\/invest-naujienos\/draft-resolutions-of-the-repeated-annual-general-meeting-of-shareholders-3\/","title":{"rendered":"Draft Resolutions of the Repeated Annual General Meeting of Shareholders"},"content":{"rendered":"\n<p><strong>Draft Resolutions of the Repeated Annual General\nMeeting of Shareholders of AB \u201cLinas\u201d<\/strong><\/p>\n\n\n\n<p>April 30, Tuesday<\/p>\n\n\n\n<p>Draft Resolutions suggested by the Board of AB \u201cLinas\u201d for the\nRepeated Annual General Meeting of Shareholders to be held on 16 May 2019:<\/p>\n\n\n\n<p><strong>1.\nAudit conclusion regarding the consolidated and Company\u2019s Annual Financial\nAccountability and Annual Report of year 2018.<\/strong><\/p>\n\n\n\n<p>Project of resolution: to pay attention to\nthe auditor\u2019s conclusions confirming AB \u201cLinas\u201d consolidated and Company\u2019s\nfinancial accountability of year 2018 and to agree to the consolidated annual\nreport of the company of year 2018.<\/p>\n\n\n\n<p><strong>2.\nConfirmation of consolidated and company\u2019s annual financial accountability of\nyear 2018 and presentation of consolidated annual report. <\/strong><\/p>\n\n\n\n<p>Project of resolution: to confirm AB\n\u201cLinas\u201d consolidated and company\u2019s annual financial accountability and to agree\nto consolidated annual report of year 2018.<\/p>\n\n\n\n<p>&nbsp;<strong>3. Company\u2019s profit (loss) allocation of\nyear 2018. <\/strong><\/p>\n\n\n\n<p>Project of resolution: to confirm AB\n\u201cLinas\u201d profit (loss) allocation:<\/p>\n\n\n\n<p>1) retained loss of the previous financial\nyear at the end of the accounting year \u2013 29 459 EUR; <\/p>\n\n\n\n<p>2) net profit of the accounting year&nbsp; 891\n998 EUR;<\/p>\n\n\n\n<p>3) profit (loss) of the accounting\nfinancial year unrecognized in the statement of comprehensive income &#8211; 0 EUR;<\/p>\n\n\n\n<p>4) transfers from mandatory reserve&nbsp; 0 EUR;<\/p>\n\n\n\n<p>5) transfers from reserve for business\nprojects 0 EUR;<\/p>\n\n\n\n<p>6) transfers from reserve for the support 0\nEUR;<\/p>\n\n\n\n<p>7) transfers from profit for dividend\npaying&nbsp; 0 EUR;<\/p>\n\n\n\n<p>8) shareholders contributions to cover\ncompany\u2019s loses 0 EUR;<\/p>\n\n\n\n<p>9) allocated loss totally 862 539 EUR;<\/p>\n\n\n\n<p>10) share of profit set for the mandatory\nreserve 44 600 EUR;<\/p>\n\n\n\n<p>11) share of profit set for the reserve\nfor purchase of own shares&nbsp; 264 429 EUR;<\/p>\n\n\n\n<p>12) share of profit set to other reserves 0\nEUR;<\/p>\n\n\n\n<p>13) share of profit set for dividend\npaying&nbsp; 0 EUR;<\/p>\n\n\n\n<p>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<p>15) retained loss at the end of the\nfinancial year transferred to the next financial year 553 510 EUR.<\/p>\n\n\n\n<p><strong>4. Purchase of the Company\u2019s own shares.<\/strong><\/p>\n\n\n\n<p>Project of resolution:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>The Company shall purchase own shares.\nMaximal number of shares to be acquired: Total nominal value of the treasury\nshares owned by the Company cannot exceed 1\/10 of the Company\u2019s Authorized\nCapital. <\/li><\/ol>\n\n\n\n<ol class=\"wp-block-list\"><li>Purpose\n     of acquisition of own shares: Maintain and increase the price of the\n     Company\u2019s shares.<\/li><li>Period\n     during which the Company may purchase own shares: 18 months from the day\n     of approval the resolution. <\/li><li>Maximal\n     and minimal purchase price per share: Maximal purchase price per share\n     shall be settled at 10 per cent higher from the market price of the\n     Company\u2019s shares at the Nasdaq Vilnius Stock Exchange on the date when the\n     resolution to start purchasing own shares is adopted by the Board of\n     Directors, and the minimal purchase price per share shall be settled at 10\n     per cent lower from the market price of the Company\u2019s shares at the Nasdaq\n     Vilnius Stock Exchange on the date when the resolution to start purchasing\n     own shares is adopted by the Board of Directors.<\/li><li>The\n     procedure of selling of own shares and minimal sales price: The treasury\n     shares acquired by the Company may be annulled or sold on condition that\n     the minimal sales price of shares will be equal to the price of\n     acquisition, and the selling procedure will ensure equal opportunities for\n     all shareholders to acquire the Company\u2019s shares.<\/li><li>Following\n     the conditions set by this Resolution and the requirements of the Law on\n     Public Limited Liabilities Companies of the Republic of Lithuania, the\n     Board of Directors of the Company is authorized to adopt resolutions in\n     regards with the purchase of the Company\u2019s shares, organize the purchase\n     and sales of the own shares, establish a procedure and time for purchase\n     and sales of the own shares, as well as their price and number, and also\n     complete all other related actions.<\/li><\/ol>\n\n\n\n<p><strong>5.&nbsp; Election of\nthe member of Audit Committee and approval of the salary of the members of the\nAudit Committee.<\/strong><\/p>\n\n\n\n<p>Project of decision: to propose to elect Ana Siriene\nas a member of the Company&#8217;s Audit Committee.<\/p>\n\n\n\n<p>To determine hourly rate for an independent member of the Audit Committee is limited to a maximum of 62.50 Eur (sixty-five euros and fifty cents) (before tax) for the actual activity of an independent member of the Audit Committee.<\/p>\n\n\n\n<p>Determine that the monthly fee for a member of the Audit Committee is limited to a maximum of 1 500 Eur (one thousand five hundred euros) (before tax).<\/p>\n\n\n\n<p> <a rel=\"noreferrer noopener\" aria-label=\"https:\/\/linas.lt\/en\/wp-content\/uploads\/2019\/04\/AB-Linas-metin\u0117-informacija-2018-ENG-1.pdf (opens in a new tab)\" href=\"https:\/\/linas.lt\/en\/wp-content\/uploads\/2019\/04\/AB-Linas-metin\u0117-informacija-2018-ENG-1.pdf\" target=\"_blank\">AB-Linas-metin\u0117-informacija-2018-ENG<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>AB\n\u201cLinas\u201d Head of finance dept.<\/p>\n\n\n\n<p>Egidijus\nMikeliunas<\/p>\n\n\n\n<p>Tel.: +370 45 506100<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-1133","invest-naujienos","type-invest-naujienos","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Draft Resolutions of the Repeated 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-repeated-annual-general-meeting-of-shareholders-3\/\" \/>\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 Repeated Annual General Meeting of Shareholders - linas.lt\" \/>\n<meta property=\"og:description\" content=\"Draft Resolutions of the Repeated Annual General Meeting of Shareholders of AB \u201cLinas\u201d April 30, Tuesday Draft Resolutions suggested by the Board of AB \u201cLinas\u201d for the Repeated Annual General Meeting of Shareholders to be held on 16 May 2019: 1. Audit conclusion regarding the consolidated and Company\u2019s Annual Financial Accountability and Annual Report of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/linas.lt\/en\/invest-naujienos\/draft-resolutions-of-the-repeated-annual-general-meeting-of-shareholders-3\/\" \/>\n<meta property=\"og:site_name\" content=\"linas.lt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/linas.lt\/en\/invest-naujienos\/draft-resolutions-of-the-repeated-annual-general-meeting-of-shareholders-3\/\",\"url\":\"https:\/\/linas.lt\/en\/invest-naujienos\/draft-resolutions-of-the-repeated-annual-general-meeting-of-shareholders-3\/\",\"name\":\"Draft Resolutions of the Repeated Annual General Meeting of Shareholders - linas.lt\",\"isPartOf\":{\"@id\":\"https:\/\/linas.lt\/en\/#website\"},\"datePublished\":\"2019-04-30T11:01:37+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/linas.lt\/en\/invest-naujienos\/draft-resolutions-of-the-repeated-annual-general-meeting-of-shareholders-3\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/linas.lt\/en\/invest-naujienos\/draft-resolutions-of-the-repeated-annual-general-meeting-of-shareholders-3\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/linas.lt\/en\/invest-naujienos\/draft-resolutions-of-the-repeated-annual-general-meeting-of-shareholders-3\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/linas.lt\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Investuotoj\u0173 naujienos\",\"item\":\"https:\/\/linas.lt\/en\/invest-naujienos\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Draft Resolutions of the Repeated Annual General Meeting of Shareholders\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/linas.lt\/en\/#website\",\"url\":\"https:\/\/linas.lt\/en\/\",\"name\":\"linas.lt\",\"description\":\"Viena did\u017eiausi\u0173 lin\u0173 tekstil\u0117s gamintoj\u0173 Lietuvoje ir Baltijos valstyb\u0117se. Gilios tradicijos, ilgamet\u0117 darbo patirtis puosel\u0117jama nuo 1957 m.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/linas.lt\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Draft Resolutions of the Repeated Annual General Meeting of Shareholders - linas.lt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/linas.lt\/en\/invest-naujienos\/draft-resolutions-of-the-repeated-annual-general-meeting-of-shareholders-3\/","og_locale":"en_US","og_type":"article","og_title":"Draft Resolutions of the Repeated Annual General Meeting of Shareholders - linas.lt","og_description":"Draft Resolutions of the Repeated Annual General Meeting of Shareholders of AB \u201cLinas\u201d April 30, Tuesday Draft Resolutions suggested by the Board of AB \u201cLinas\u201d for the Repeated Annual General Meeting of Shareholders to be held on 16 May 2019: 1. Audit conclusion regarding the consolidated and Company\u2019s Annual Financial Accountability and Annual Report of [&hellip;]","og_url":"https:\/\/linas.lt\/en\/invest-naujienos\/draft-resolutions-of-the-repeated-annual-general-meeting-of-shareholders-3\/","og_site_name":"linas.lt","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/linas.lt\/en\/invest-naujienos\/draft-resolutions-of-the-repeated-annual-general-meeting-of-shareholders-3\/","url":"https:\/\/linas.lt\/en\/invest-naujienos\/draft-resolutions-of-the-repeated-annual-general-meeting-of-shareholders-3\/","name":"Draft Resolutions of the Repeated Annual General Meeting of Shareholders - linas.lt","isPartOf":{"@id":"https:\/\/linas.lt\/en\/#website"},"datePublished":"2019-04-30T11:01:37+00:00","breadcrumb":{"@id":"https:\/\/linas.lt\/en\/invest-naujienos\/draft-resolutions-of-the-repeated-annual-general-meeting-of-shareholders-3\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/linas.lt\/en\/invest-naujienos\/draft-resolutions-of-the-repeated-annual-general-meeting-of-shareholders-3\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/linas.lt\/en\/invest-naujienos\/draft-resolutions-of-the-repeated-annual-general-meeting-of-shareholders-3\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/linas.lt\/en\/"},{"@type":"ListItem","position":2,"name":"Investuotoj\u0173 naujienos","item":"https:\/\/linas.lt\/en\/invest-naujienos\/"},{"@type":"ListItem","position":3,"name":"Draft Resolutions of the Repeated Annual General Meeting of Shareholders"}]},{"@type":"WebSite","@id":"https:\/\/linas.lt\/en\/#website","url":"https:\/\/linas.lt\/en\/","name":"linas.lt","description":"Viena did\u017eiausi\u0173 lin\u0173 tekstil\u0117s gamintoj\u0173 Lietuvoje ir Baltijos valstyb\u0117se. Gilios tradicijos, ilgamet\u0117 darbo patirtis puosel\u0117jama nuo 1957 m.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/linas.lt\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/linas.lt\/en\/wp-json\/wp\/v2\/invest-naujienos\/1133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/linas.lt\/en\/wp-json\/wp\/v2\/invest-naujienos"}],"about":[{"href":"https:\/\/linas.lt\/en\/wp-json\/wp\/v2\/types\/invest-naujienos"}],"wp:attachment":[{"href":"https:\/\/linas.lt\/en\/wp-json\/wp\/v2\/media?parent=1133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}