PRFoods
Minutes of annual general meeting

PRF: Resolutions of the annual general meeting of shareholders of AS PRFoods 30.11.2018

The annual general meeting of shareholders (the Meeting) of AS PRFoods (the Company) was held on 30^th November 2018 in the conference room “Beta” at hotel “Radisson Blu Hotel Olümpia”, located at Liivalaia 33, Tallinn, Estonia. 

The Meeting started at 11:00 and ended at 12:02. 21 shareholders, holding 26,066,058 shares, attended the Meeting representing 69.17% of the total votes represented by all the shares with voting rights. Therefore, the Meeting was competent to pass resolutions. 

The following resolutions were passed at the Meeting:

1. Approving the Company’s 2017/2018 annual report (18 months)

The shareholders decided to approve the annual report of the Company for the financial year 2017/2018 in the form submitted to the annual general meeting.

Voting results:

 2. Deciding on sharing the profit

The shareholders decided:

(a) To confirm the net profit of the financial year of 2017/2018 (18 months) in amount of 57,000 euros and retained earnings of AS PRFoods of 1,904,000 euros as at 30 June 2018;

(b) To transfer 1/20 of the net profit in amount of 2,850 euros to statutory reserve capital;

(c) To pay dividends in amount of 386,829 euros on account of the retained earnings, i.e. 0.01 euros per one share:

• the shareholders entered to the share register of AS PRFoods as at the end of workday of accounting system on 28^th December 2018 have the right to dividends;

• based on the above the date of changing of rights attached to shares (ex-date) is 27^th December 2018 – from that date the person having acquired the shares is no more entitled to receive dividends for the financial year of 2017/2018;

• dividends are paid to the shareholders on 5^th April 2019, by transferring the relevant amount to the bank account attached to the securities account of the shareholder.

(d) not to distribute the remaining net profit.

Voting results:

3. Appointment of auditor for the financial year 2018/2019 and determining auditor’s remuneration

The shareholders decided to appoint AS PricewaterhouseCoopers (register code 10142876) as the Company’s auditor for the financial year 2018/2019 and to determine the remuneration of the auditor pursuant to the agreement to be executed with the auditor

Voting results:

 All decisions at the meeting were adopted in accordance with the stipulations of the law and Company’s articles of association.

Indrek Kasela
AS PRFoods
Member of the Management Board
Phone: +372 452 1470
investor@prfoods.ee
www.prfoods.ee