Resolutions of the AGMOlaine, April 29, 2013, 2013-04-30 07:39 CEST --
JSC „Olainfarm” Arpil 29th, 2013.
The following decisions have been adopted by the annual general meeting of shareholders:
1. Report of the Board on results of operations in 2012.
To take notice of the Report of the Board on results of operations in 2012.
Voting: the resolution was adopted unanimously.
2. Report of the Council on results of operations in 2012.
To take notice of the Report of the Council on results of operations in 2012.
Voting: the resolution was adopted unanimously.
3. Report of the Auditing Committee.
To take notice of the Report of the Auditing Committee.
Voting: the resolution was adopted unanimously.
4. Approval of the Audited Annual Report for 2012.
To approve the Audited Annual Report of JSC „Olainfarm” for 2012.
Voting: the resolution was adopted unanimously.
5. Approval of the Audited Consolidated Annual Report for 2012.
To approve the Audited Consolidated Annual Report of JSC „Olainfarm” for 2012.
Voting: the resolution was adopted with the necessary majority of votes.
6. Distribution of profit of 2012.
6.1.To use part of the year 2012 profit of JSC “Olainfarm” in amount of 1 507 103,35 lats (2 144 414,87 euro) to pay dividends to shareholders of JSC „Olainfarm”, (ISIN code of the shares LV0000100501) paying 10,7 santims per one share, but part of the profit in amount of 8 500 654,65 lats (12 095 341,87 euro) to reinvest in development of JSC “Olainfarm”.
Voting: the resolution was adopted unanimously.
6.2. Set June 17th, 2013, as a record date for dividends and June 21st, 2013, as the date of payment of dividends.
Voting: the resolution was adopted unanimously.
7. Report of the Board on budget and on planned operations in 2013.
To take notice of Report of the Board on budget and on planned operations in 2013, which include Company's unconsolidated turnover forecast for 2013 in amount of 50 million lats (71 million Euro), and JSC „Olainfarm” consolidated turnover forecast for 2013 in amount of 59 million lats (84 million Euro); Forecast of unconsolidated profit of JSC “Olainfarm” is 11 million lats (15,6 million Euro), but consolidated profit is 11,5 million lats (16,4 million Euro).
Voting: the resolution was adopted unanimously.
8. Election of the Certified Auditor for 2013.
8.1. to elect SIA „Ernst & Young Baltic” (unitary registration No. 40003593454) to be the certified auditor of JSC „Olainfarm” in 2013.
Voting: the resolution was adopted unanimously.
8.2. Set the total remuneration of certified auditor for year 2013 in amount of LVL 29 000,00 (twenty nine thousand lats).
Voting: the resolution was adopted unanimously.
9. Election of the Auditing Committee.
9.1. Elect Zanna Karaseva to be the sole member of the Auditing Committee.
Voting: the resolution was adopted unanimously.
9.2. Set the total monthly remuneration of the members of the Auditing Committee at LVL 2 250.
Voting: the resolution was adopted unanimously.
10. Election of the Council
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Elect the Council of JSC “Olainfarm” consisting of the following members for the term of five years, setting that this terms commences at April 30th, 2013: Valentina Andrejeva; Elena Dudko; Aleksandrs Raicis; Volodimirs Krivozubovs; Gunta Veismane.
Voting: the following number of votes were cast for each candidate:
for V.Andrejeva - 3073619 votes, or 28,16% of votes present;
for E.Dudko - 1965309 votes, or 18% of votes present;
for A.Raicis – 1960204 votes, or 17,96% of votes present;
for V.Krivozubovs - 1958648 votes, or 17,95% of votes present;
for G.Veismane - 1956570 votes, or 17,93% of votes present.
10.2. To set the total monthly remuneration of all the Supervisory Council in the amount of not more than Ls 6000.
Voting: the resolution was adopted with the necessary majority of votes.
A/s OlainFarm is one of the biggest pharmaceutical companies in Latvia with 40 years of experience in production of medication and chemical and pharmaceutical products. A basic principle of company's operations is to produce reliable and effective top quality products for Latvia and the rest of the world. Products made by the Group are being exported to more than 30 countries of the world, including the Baltics, Russia, other CIS, Europe, Asia, North America and Australia. Information prepared by:
Salvis Lapins
JSC “Olainfarm”
Member of the Management Board
Rupnicu iela 5, Olaine
Latvia, LV 2114
Phone: +371 6 7013 717
Fax: +371 6 7013 777
e-mail: slapinsh@olainfarm.lv
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