On 25 September 2018, Žemaitijos pienas, AB published via the Central Storage Facility a notification about the assessment of the transaction between associated parties (Žemaitijos pienas, AB and Klaipėdos pienas, AB). The Audit Committee of the Company expressed the opinion that the transaction regarding replacing the mortgage object would not violate the rights or interests of the shareholders. The Supervisory Board of the Company also did not object the conclusion of the transaction. Considering this, the mortgage object was replaced to secure the loan obligation and the transaction was registered in accordance with the procedure established by legal acts.
Gintaras Keliauskas
Lawyer
+ 370 444 22208