Olainfarm
Decisions of general meeting

Draft resolutions of the Annual General Meeting of Shareholders of JSC „Olainfarm” to be held on June 11th, 2015

Olaine, 2015-05-28 15:22 CEST --

Draft resolutions

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

to be held on June  11th, 2015:

1. Report of the Board about the results of operations in 2014.

Draft resolution:

To take notice of the Report of the Board on results of operations in 2014.

 2. Report of the Council about the results of operations in 2014.

Draft resolution:

To take notice of the Report of the Council on results of operations in 2014.

3. Report of the Auditing Committee.

Draft resolution:

To take notice of the Report of the Auditing Committee.

4. JSC „Olainfarm” Consolidated and Parent company’s Annual report for year 2014.      

Draft resolution:

To approve JSC „Olainfarm” Consolidated and Parent mother company’s Annual report for year 2014.       

5. Distribution of profit of 2014.

Draft resolution:

To reinvest the profit of JSC “Olainfarm” for year 2014 in amount of  EUR 11 424 000,00 (eleven million four hundred twenty four thousand euro, 00 cents) in the development of JSC “Olainfarm”.

6. Report of the Management Board about the budget and operational plan for 2015.

Draft resolution:

To take notice of Report of the Board on budget and operational plan for 2015, which include Company's unconsolidated turnover forecast for 2015 in amount of 87 million Euro; Forecast of unconsolidated profit of JSC “Olainfarm” in amount of 14 million Euro, but consolidated turnover forecast for amount of 100 million Euro and profit consolidated profit forecast for amount of 15 million Euro.

7. Elections of the sworn auditor for 2015 and setting of the remuneration for the sworn auditor .

Draft resolutions:

7.1. to elect SIA „Ernst & Young Baltic” (license No.17, unitary registration No. 40003593454) to be the certified auditor of JSC „Olainfarm” in 2015.

7.2. to set the total remuneration of certified auditor for 2015 in amount of 42 450,00 Euro.

8. Elections of the Auditing Committee for 2015 and setting of the remuneration of the Auditing Committee .

Draft resolutions:     

8.1. to elect Mr. Viesturs Gurtlavs  to be the member of the Auditing Committee.

8.2. to set the total monthly remuneration of the member of the Auditing Committee in amount of EUR 4 200,00.

9. Approval of Regulations for Auditing Committee

Draft resolutions:

To approve the Regulations for Auditing Committee. 

         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: Salvis.Lapins@olainfarm.lv