Published: 2018-08-03 19:07:09 CEST
Olainfarm
Notice to general meeting

Draft decisions Joint Stock Company „Olainfarm” extraordinary General Meeting of shareholders to be held on September 04th, 2018

Draft decisions Joint Stock Company „Olainfarm” extraordinary General Meeting of shareholders to be held on September 04th, 2018

1. Amendment of Statutes.

1.1. Initiate following amendments to the Statutes of the Joint Stock Company “Olainfarm”:

1.1.1. Amend Clause 1 of the Statutes and word it as follows:
"1. The Company’s firm is Joint Stock Company “Olainfarm” (abbreviation: JSC “Olainfarm”), hereinafter referred to as the Company.

1.1.2. Add Clause 6.3 to the Statutes and word it as follows:
“6.3. The management board is obliged to obtain consent of the Council for the following activities:
6.3.1. acquisition of equity in other companies, increase or reduction of equity;
6.3.2. establishment of the Subsidiaries of the Company;
6.3.3. acquisition or sale of the companies or its shares;
6.3.4. purchase and/or sale of the significant assets of the Company, if the total amount of the transaction is equal to or exceeds EUR 1 000 000,- (one million euro);
6.3.5. establishment or dissolution of the companies, branches and representative offices;
6.3.6. purchase and/or sale of the real estate of the Company, if the total amount of the transaction is equal to or exceeds EUR 100 000,- (one hundred thousand euro);
6.3.7. issuing of the guarantees, except of the guarantees required for the operation of the Company and members of its holding group;
6.3.8. approval of the transactions between the Company and the Board of Directors or a member of the Council or Auditor or shareholders holding at least 5% of the shares of the Company, or any other related person, if such transaction is uncommon for the Company and/or fails to correspond to the market conditions;
6.3.9. engagement with the legal offices, brokerage firms, consultants, investment advisor or Auditor (including for the preparation of the prospectus on the emission of the Company's securities);
6.3.10. granting of loans to the private individuals in the amount exceeding EUR 50 000,- (fifty thousand euro);
6.3.11. preliminary examination of the issue of merger with another company or joining another company;
6.3.12. approval of Company's five-year business strategy;
6.3.13. approval of the Company's annual budget and amendments of the budget;
6.3.14. creation and use of reserves of the Company;
6.3.15. approval of the fundamental criteria defined by the Board for the determination of the reimbursement of the Company employees, allowances and compensation payments, reimbursement of expenses, bonuses and other financial stimulus, monthly salary maximum amounts, as well as other criteria;
6.3.16. consideration of other important issues at the discretion of the Board”.

1.2. Approve new edition of the Statues of Joint Stock Company “Olainfarm”.

In Olaine, on August 03st, 2018

Management Board of Joint Stock Company “Olainfarm”.

Information prepared by:
Salvis Lapins
JSC Olainfarm
Director of Department of Investments and Communications
Rupnicu iela 5, Olaine, Latvia, LV 2114
Phone: +371 6 7013 717
Fax: +371 6 7013 777
E-mail: Salvis.Lapins@olainfarm.lv