Zemaitijos Pienas: Regarding the decision of the Supreme Court of Lithuania under which the temporary protection measures are applied

Telsiai, Lithuania, 2018-02-20 17:00 CET (GLOBE NEWSWIRE) --

On 20 February 2018, after getting familiar with the appeal in cassation of the
plaintiffs Vytautas Plunksnis and the Investors' Association received on 12
February 2018 regarding the revision of the judgement of Šiauliai Regional
Court made on 18 December 2017 and the request to apply the temporary
protection measures - to prohibit the management bodies of AB "Žemaitijos
Pienas" to dispose 2 070 621 ordinary registered shares of AB "Žemaitijos
Pienas" (ISIN code LT0000121865, nominal value 600 480.09 EUR) 

The essence of the dispute - the plaintiffs Vytautas Plunksnis and the
Investors' Association have applied for the invalidation of the parts of the
decisions of the general shareholders' meeting of 28 October 2016 and 29
December 2016 regarding the procedure for the sale of own ordinary shares of AB
"Žemaitijos pienas" and the determination of the minimum selling price, also
demanded the revocation of the 2 070 621 ordinary registered shares of the
company and to reduce the authorized capital of AB "Žemaitijos pienas" by a
corresponding part of the shares. 

         Gintaras Keliauskas
         Lawyer
         Tel. + 370 444 22208