Published: 2015-06-11 13:54:21 CEST
Olainfarm
Decisions of general meeting

Decisions Adopted by the Annual General Meeting of Shareholders Held on June 11, 2015

Olaine, 2015-06-11 13:54 CEST (GLOBE NEWSWIRE) -- The following decisions have been adopted by the annual general meeting of shareholders:

 

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

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

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

 

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

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

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

 

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

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

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

 

5. Distribution of profit of 2014.

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”.

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

 

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

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.

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

 

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

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.

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

 

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

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

 

 

 

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

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

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

 

8.2. Set the total monthly remuneration of the member of the Auditing Committee at EUR 4 200,00.

Voting: the resolution was adopted unanimously.

 

9. Approval of Regulations for Auditing Committee

To approve the Regulations for Auditing Committee.

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