Telšiai, Lithuania, 2013-03-22 07:16 CET (GLOBE NEWSWIRE) --
22-03-2013
The Board of Žemaitijos Pienas, AB has made the decision to purchase own shares under the following conditions and procedure:
1. According to the decision of the meeting of Žemaitijos Pienas, AB shareholders of 27 April, 2012 “On establishing the conditions for purchasing own shares” and within the powers of the Board of the company to establish particular conditions of purchasing the shares, the Board has decided:
1.1. To purchase up to 2.07 percent, i.e. up to 1 000 000 (one million) pieces of ordinary registered shares with the nominal value of 1 (one) litas of the company (Žemaitijos Pienas, AB);
1.2. To set the price of purchasing own shares at LTL 2.20 (two litas 20 cents) for one ordinary registered share of Žemaitijos Pienas, AB;
1.3. To set the time period for purchasing own shares – 5 (five) days. The shares shall be purchased from 25 March, 2013 to 29 March, 2013;
1.4. To purchase the shares in the stock exchange NASDAQ OMX Vilnius by means of official offer;
1.5. To submit the official offer via Šiaulių Bankas, AB, which is managing the accounting of the securities issued by the company.
Gintaras Keliauskas
Lawyer
+ 370 444 22208