Published: 2018-10-31 15:48:04 CET
Linas Agro Group
Notification on material event

Procedure for the payout of dividends for the financial year ended 30 June 2018


On 31 October 2018, the Annual General Meeting of Shareholders of AB Linas Agro Group (code 148030011, address: Smėlynės St. 2 C, LT-35143 Panevėžys, Lithuania) decided to allocate the Company's profit for the financial year ended 30 June 2018 and to pay out 0.0185 EUR dividend per share before tax.

Dividends will be paid to the shareholders who at the end of the tenth business day following the day of the Annual General Meeting that adopted a decision on dividend payment, i.e. on 15 November 2018 will be shareholders of AB Linas Agro Group.

Till 30 November 2018 the dividends will be paid out in the following order:

- to the shareholders, whose AB Linas Agro Group shares are kept in personal securities accounts operated by securities account operators other than Šiaulių bankas, AB the dividend amount, after deduction of personal income tax or corporate income tax applicable by the laws of the Republic of Lithuania, will be transferred to all the account operators‘ bank accounts at the same time.

- to the shareholders, whose AB Linas Agro Group shares are kept in personal securities accounts operated by the authorized custodian Šiaulių bankas, AB the dividend amount, after deduction of personal income tax or corporate income tax applicable by the laws of the Republic of Lithuania, will be transferred to the shareholders’ specified accounts.

Dividends for the financial year ended 30 June 2018 will be taxed in the following order:

- dividends paid to natural persons-residents / legal entities-residents of the Republic of Lithuania and natural persons-residents / legal entities-residents of foreign countries are subject to corporate income tax of 15 per cent, unless otherwise provided for by the laws. 

         For additional information please contact Šiaulių bankas, AB by phone +370 5 210 2478.

         CFO
         Tomas Tumėnas
         +370 45 507393
         t.tumenas@linasagro.lt