Published: 2014-04-15 15:17:45 CEST
Olainfarm
Decisions of general meeting

Draft resolutions of the Annual General Meeting of Shareholders of JSC „Olainfarm” to be held on April 29th, 2014

Olaine, April 15, 2014, 2014-04-15 15:17 CEST (GLOBE NEWSWIRE) --

Draft resolutions

of the Annual General Meeting of Shareholders of JSC „Olainfarm”

to be held on April 29th, 2014:

 

 

1. Report of the Board on results of operations in 2013.

Draft resolution:

To take notice of the Report of the Board on results of operations in 2013.

 

 2. Report of the Council on results of operations in 2013.

Draft resolution:

To take notice of the Report of the Council on results of operations in 2013.

 

3. Report of the Auditing Committee.

Draft resolution:

To take notice of the Report of the Auditing Committee.

 

4. Approval of the Audited Annual Report for 2013.

Draft resolution:

To approve the Audited Annual Report of JSC „Olainfarm” for 2013.

 

5. Approval of the Audited Consolidated Annual Report for 2013.

Draft resolution:

To approve the Audited Consolidated Annual Report of JSC „Olainfarm” for 2013.

 

6. Distribution of profit of 2013.

Draft resolution:

To reinvest the profit of JSC “Olainfarm” for year 2013 in amount of  EUR 12 846 386,76 (twelve million eight hundred fourty six thousand three hundred and eighty six euro, 76 сcents) in the development of JSC “Olainfarm”.

 

7. Report of the Board on budget and on planned operations in 2014.

Draft resolution:

To take notice of Report of the Board on budget and on planned operations in 2014, which include Company's unconsolidated turnover forecast for 2014 in amount of 80 million Euro, but JSC „Olainfarm” consolidated turnover forecast for 2014 in amount of 93 million Euro; Forecast of unconsolidated profit of JSC “Olainfarm” is 14 million Euro, but consolidated profit forecast is 15 million Euro.

 

 

8. Election of the Certified Auditor for 2014.

Draft resolutions:

8.1. to elect SIA „Ernst & Young Baltic” (license No.17, unitary registration No. 40003593454) to be the certified auditor of JSC „Olainfarm” in 2014.

8.2. to set the total remuneration of certified auditor in accordance with the approved budget.

 

 

9. Election of the Auditing Committee.

Draft resolutions:     

9.1. to elect Viesturs Gurtlavs  to be the member of the Auditing Committee.

9.2. to set the total monthly remuneration of the member of the Auditing Committee at EUR ____________.

 

Remuneration of the member of the Auditing committee shall be made in accordance with offers of the shareholders.

 

 

A/s OlainFarm is one of the biggest pharmaceutical companies in Latvia with more than 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 AS “Olainfarm” are being exported to more than 35 countries of the world, including the Baltics, Russia, other CIS, Europe, Asia, North America and Australia.  

         Information prepared by:
         Salvis Lapins
         Member of the Board
         A/s „OlainFarm”
         Tel: +371 6 7013 717
         e-mail: Salvis.Lapins@OlainFarm.lv