Published: 2014-12-17 15:58:28 CET
Olainfarm
Decisions of extraordinary general meeting

Decisions Adopted by the Extraordinary General Meeting of AS “Olainfarm”

The following decisions have been adopted by the extraordinary general meeting of shareholders:

1. Elections of the Council

1.1. To elect the Council of JSC “Olainfarm” consisting of the following members for the further term of five years, setting that term of the Council powers commences on December 18th , 2014: Valentīna Andrējeva; Gunta Veismane; Aleksandrs Raicis; Volodimirs Krivozubovs; Ingrīda Circene.

Voting: the following number of votes has been placed for each candidate:

for V.Andrējeva - 2226844 votes or 22,39% from the number of present shareholders with voting rights;

for G.Veismane - 1927765 votes or 19,38% from the number of present shareholders with voting rights.

for A.Raicis – 1928201 votes or 19,39% from the number of present shareholders with voting rights;

for V.Krivozubovs – 1927565  votes or 19,38 % from the number of present shareholders with voting rights;

for I.Circene – 1936035  votes or 19,46 % from the number of present shareholders with voting rights.

 

1.2. To set the total monthly remuneration of all the Supervisory Council at 10500,00 EUR.

Voting: the resolution was adopted with the necessary majority of votes.

 

2. Amendments of the Articles of Association and denomination of the nominal value of shares from lats to euro.

2.1. To perform fixed capital denomination to euro of Joint Stock Company “Olainfarm”, unitary registration Nr. 40003007246, determining that company’s fixed capital consists of 14,085,078 (fourteen million eighty-five thousand and seventy-eight) shares, with a nominal value 1, 40 EUR (one euro 40 euro cents) per share, forming the fixed capital in amount of EUR 19 719 109.20 (nineteen million seven hundred and nineteen thousand one hundred and nine euro and 20 euro cents).

Voting: the resolution was adopted unanimously.

 

2.2. To determine that Joint Stock Company “ Olainfarm” share denomination date (calculation date) is January 23rd , 2015 (end of the day).

Voting: the resolution was adopted unanimously.

 

2.3. To transfer positive balance arising from denomination of shares of JSC "Olainfarm" from lats to euros  in amount of 322 151.24 EUR  (three hundred and twenty-two thousand one hundred fifty one euro and 24 euro cents) to the reserves of Joint Stock Company “Olainfarm”.

Voting: the resolution was adopted unanimously.

 

2.4. To amend Articles of Association of JSC “Olainfarm” follows:

 

2.4.1. To express article 3.1. of the Articles of Association as follows:

“ 3.1. Fixed capital of the Company is 19 719 109.20 (nineteen million seven hundred and nineteen thousand one hundred and nine euro and 20 euro cents). Fixed capital of the Company consists of 14,085,078 (fourteen million eighty-five thousand and seventy-eight) shares. Nominal value of one share is EUR 1.40 (one euro 40 euro cents). "

Voting: the resolution was adopted unanimously.

 

2.4.2. To express article 4. of the Articles of Association as follows:

“ 4. Management Board

The Management Board of the Company consists from five members of the Management Board. Members of the Management Board are elected by the Council. Council designates Chairman of the Management Board, chosen among the Members of the Management Board.

Chairman of the Management Board and two Members of the Management Board has unrestricted authority to represent the company separately. Other two Members of the Management Board are authorized to represent the company only collectively.”

Voting: the resolution was adopted unanimously.

 

2.4.3. To approve the new edition of Articles of Association JSC “Olainfarm”.

Voting: the resolution was adopted unanimously.

 

3. Regarding approval of the separate audited report of JSC “Olainfarm” for the Year 2013, prepared in accordance with the International Financial Reporting Standards accepted in European Union.

To approve the separate audited report of Joint Stock Company “Olainfarm” for the Year 2013, which is prepared in accordance with the International Financial Reporting Standards accepted in European Union.

Voting: the resolution was adopted with the necessary majority of votes.

 

         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