Published: 2019-04-11 08:10:00 CEST
Zemaitijos Pienas
Notification on material event

Procedure for Distribution of Dividends and Payment at AB Žemaitijos pienas for 2018


General Meeting of Shareholders of AB Žemaitijos Pienas (code of enterprise 180240752, registered address at Sedos 35, Telšiai, Lithuania) held on 10 April 2019 decided to distribute Company’s profit received in 2018 and allocate dividends to the amount of EUR 0.08 per share.

Dividends will be paid to those persons who at the end of the tenth business day following the General Meeting of Shareholders made the decision on payment of dividends, i.e., 25 April 2019 are be shareholders of AB Žemaitijos pienas.

Starting on 03 May 2019 payment of dividends shall be subject to the following procedure:

For shareholders whose securities are managed by financial brokerage firms or credit institutions that provide securities accounting services, the amount of dividends after deduction of personal income tax or income tax in accordance with the laws of the Republic of Lithuania will be transferred by the Company to financial brokerage firms or credit institution units, and they will transfer them to the bank account specified by the shareholder.

For other shareholder the amount of dividends after deduction of personal income tax or income tax in accordance with the laws of the Republic of Lithuania will be paid at the pay office of the Company (Sedos 35, Telšiai, Lithuania) or transferred to the personal bank account specified by the shareholder at the written request of the shareholder and upon submission of an ID copy. You can submit your requests in writing (AB Žemaitijos Pienas, Sedos str. 35, LT-87101 Telšiai) or by email info@zpienas.lt

Dividends to be paid in 2019 shall be taxed as follows:

Dividends paid to natural person residents of the Republic of Lithuania and natural persons resident in foreign countries are taxed at the rate of 15% of personal income tax rate.

 Dividends paid to legal entities residents of the Republic of Lithuania and legal entities resident in foreign countries are taxed at the rate of 15% of personal income tax rate, unless otherwise required by the law.

Residents of foreign countries with which the Republic of Lithuania has concluded international double taxation conventions may avail themselves of the benefits provided for in such conventions and submit a completed Form FR0021 (DAS-1) of a foreign resident's application for a withholding tax deduction.

Information is provided by AB Žemaitijos pienas, tel.8-444-22348

Gintaras Keliauskas
Lawyer
 +370 444 22208