Resolutions of the Annual General meeting of shareholdersOlaine, 2014-04-29 15:45 CEST --
JSC „Olainfarm” April 29th, 2014.
Resolutions of the Annual General meeting of shareholders
Name of securities: Public shares of JSC „Olainfarm”
ISIN code: LV000100501
Paid - in capital: 14 085 078 LVL
Date of the Annual General Meeting: April 29th, 2014, on 11.00 a.m.
Venue: Olaine, Rupnicu Street 5.
The following decisions have been adopted by the annual general meeting of shareholders:
1. Report of the Board on results of operations in 2013.
To take notice of the Report of the Board on results of operations in year 2013.
Voting: the resolution was adopted unanimously.
2. Report of the Council on results of operations in 2013.
To take notice of the Report of the Council on results of operations in year 2013.
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 with the necessary majority of votes.
4. Approval of the Audited Annual Report for 2013.
To approve the Audited Annual Report of JSC „Olainfarm” for year 2013.
Voting: the resolution was adopted unanimously.
5. Approval of the Audited Consolidated Annual Report for 2013.
To approve the Audited Consolidated Annual Report of JSC „Olainfarm” for year 2013.
Voting: the resolution was adopted unanimously.
6. Distribution of profit of 2013.
6.1. To use year 2013 profit of JSC “Olainfarm” in amount of 12 846 386.76 EUR (twelve million eight hundred and forty-six thousand three hundred and eighty-six euro, 76 cents) to reinvest to JSC „Olainfarm” development.
Voting: the resolution was adopted with the necessary majority of votes.
7. Report of the Board on budget and on planned operations in 2014.
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 EUR, and JSC „Olainfarm” consolidated turnover forecast for 2014 in amount of 93 million EUR; Forecast of unconsolidated profit of JSC “Olainfarm” is 14 million EUR, but consolidated profit is 15 million EUR.
Voting: the resolution was adopted unanimously.
8. Election and compensation of the Certified Auditor for 2014.
8.1. To elect SIA „Ernst & Young Baltic” (unitary registration No. 40003593454) to be the certified auditor of JSC „Olainfarm” in 2014.
Voting: the resolution was adopted unanimously.
8.2. Set the total remuneration of certified auditor for year 2014 in amount of EUR 41 263.00 (forty one thousand two hundred and sixty-three euro).
Voting: the resolution was adopted unanimously.
9. Election and compensation of the Auditing Committee for 2014.
9.1. Elect Viesturs Gurtlavs to be the sole member of the Auditing Committee in 2014.
Voting: the resolution was adopted with the necessary majority of votes.
9.2. Set the total monthly remuneration of the members of the Auditing Committee at EUR 4 000.00 (four thousand euro).
Voting: the resolution was adopted unanimously.
With present we inform that Annual General meeting of shareholders of JSC „Olainfarm” is closed.
JSC 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 the Group 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
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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