Published: 2019-04-03 18:41:47 CEST
Olainfarm
Decisions of general meeting

Decisions Of The Extraordinary General Meeting Of Shareholders On April 01st, 2019

Joint Stock Company Olainfarm has received the list of the decisions, made by the Extraordinary General meeting of shareholders on April 01st, 2019, signed by the person authorized by shareholders: 

1. item of the agenda “Election of the Council”.

1. Recall from the position the existing members of JSC “Olainfarm” Council: Pavels Rebenoks, Irina Maligina, Martins Kriekis and Daina Sirlaka.

Voting results: the decision is taken with the required majority of votes.

2. To elect the Council of JSC “Olainfarm” consisting of the following members for the further term of five years:
1) Karlis Krastins
2) Janis Buks
3) Gundars Berzins
4) Haralds Velmers
5) Andrejs Saveljevs

Voting results: the decision is taken by dividing votes.

2.item of the agenda “Setting remuneration for the members of the Council”:

1. Set total monthly remuneration of all the Council members in the amount of 70 000,00 EUR (seventy thousand euro), setting remuneration for each member of the Council with the decision of the Council.

2. Premium (bonus) to the members of the Council for achieving the goals set out by the Council in the amount of 12 months fixed remuneration:
a) New 5 years business strategy of the Company is reviewed and approved within the year 2019 in accordance with clause 6.9. of the Regulation;
b) The Company in its activities has achieved the main goals of the economic activity and the Council has prepared the report in accordance with clause 6.3. of the Regulation.
c) Net profit and cash flow of the Company’s activity for the reporting year ensures a sufficient amount for payment of dividends in the amount of at least 20% from audited net profit for the reporting year;
d) The Auditing committee of the Company shall decide on justification of payment of the premium remuneration by preparing the review upon completion of the audit of the company’s annual report and approval of the annual report by the General meeting of shareholders.

3. Compensation for the member of Council for premature recall by the decision of the General meeting of shareholders, in the amount of 12 months fixed remuneration, except if the member of the Council is recalled due to a violation of law o if he/she violates the principle of careful and diligent owner.

Voting results: the decision is taken with the required majority of votes.

3.item of the agenda “Recall of the Auditing committee, the election of the new Auditing committee and setting remuneration to the members of the Audting committee”:

1. Recall the joint stock company “Olainfarm” Auditing Committee members:
1) Irina Maligina;
2) Viesturs Gurtlavs;
3) Daina Sirlaka.
Voting results: the decision is taken with the required majority of votes.

2. Elect the joint stock company “Olainfarm” Auditing Committee consisting of the following members for the further term of two years:
1) Karlis Krastins;
2) Viesturs Gurtlavs;
3) Agris Auce.

Voting results: the decision is taken by dividing votes.

3. Set total monthly remuneration of all the Auditing Committee members in the amount of EUR 11 500,00 (eleven thousand five hundred euro).

Voting results: the decision is taken with the required majority of votes.

In Olaine, April 03, 2019

Information prepared by:

Dana Hasana
Head of PR, JSC Olainfarm
Dana.hasana@olainfarm.com
Ph.+371 26355895