Regarding information related to member of the Board
Summary
Vilkyškių pieninė, AB (further the Company) informs that on 21th May of 2019 the Bank of Lithuania has made announcement regarding Linas Strėlis, who is member of the Company Board, claiming that he violated law. It is stated that in 2018 Linas Strėlis making buy and sell transactions with Žemaitijos pienas, AB shares and encouraging his family members to do transactions violated European Parliament and Council Regulation regarding restriction of market misuse by using publicly undisclosed information. Linas Strėlis has informed the Company that by conducting buy and sell transactions with Žemaitijos pienas, AB shares he knew no publicly undisclosed information related to Žemaitijos pienas, AB and held no position in Žemaitijos pienas, AB company. Therefore, he sees the decision of the Bank of Lithuania as illegitimate and invalid. The Bank of Lithuania fined Linas Strėlis by the amount of two hundred thousand euros.