Zemaitijos Pienas: Regarding the decision of the Šiauliai Regional Court (the part of the decision of the general meeting of shareholders allocating payments (bonuses) to the members of the board and supervisory board)

Telsiai, Lithuania, 2018-01-16 06:59 CET (GLOBE NEWSWIRE) --

On 15 January 2018, the Šiauliai Regional Court pronounced the judgment on the
appeal of the plaintiffs - the Association of Investors and Vytautas Plunksnys
against the judgment of the District Court of Telšiai Region of 2 October 2017. 

The Šiauliai Regional Court quashed the judgment of the District Court of
Telšiai Region of 2 October 2017 and adopted a new judgement, which declared
invalid the part of the decision of the general meeting of shareholders of
Žemaitijos pienas, AB of 16 September 2016, which allocated the amount of EUR
749,400 as payments (bonuses) to the members of the board and supervisory
board. 

The judgment may be appealed to the Supreme Court of Lithuania in accordance
with the procedure and on the basis established by legal acts. 

         Gintaras Keliauskas
         Lawyer
         Tel.: + 370 444 22208