Published: 2019-04-29 21:32:39 CEST
VEF Radiotehnika RRR
Decisions of general meeting

Decisions of annual general meeting of shareholders of JSC “VEF Radiotehnika RRR”

According to the registration data shareholders or their authorized persons are present at the meeting, which makes owners of 1 274 653 shares with a right of voting  and which makes 50.01% of paid statute capital. 

 

1.        Report of the Board on the results of 2018

With 100% of the votes of eligible shareholders present the decision has been taken:

To approve the Report of the Board of Joint Stock company.

2.       Report of the Council  on the results of 2018

With 100% of the votes of eligible shareholders present the decision has been taken:

To approve the Report of the Council of Joint Stock company.

3 Revision committee report on the 2018 results

With 100% of the votes of eligible shareholders present the decision has been taken:

To take into consideration revision committee report on the 2018 results of operations.

4. Report of the sworn auditor

With 100% of the votes of eligible shareholders present the decision has been taken:

To approve the Report of the sworn auditor of Joint Stock company.

5. Approval of the balance sheet of 2018

With 100% of the votes of eligible shareholders present the decision has been taken:

To approve the balance sheet of  2018 of Joint Stock company.

6. Sharing of profit of 2018

With 100% of the votes of eligible shareholders present the decision has been taken:

Year 2018 losses (EUR 15 516) is expected to cover with future taxable profits received from the production.

7. Approval of the budget and plan of activities of year 2019 for JSC “VEF Radiotehnika RRR”

With 100% of the votes of eligible shareholders present the decision has been taken:

To approve the budget and plan of activities of year 2019 for JSC “VEF Radiotehnika RRR”:

   
1 Income 110480
1.1. Income from selling produced goods
1.2. Income from rent and public services
100500
9980
2. Industrial expenses 73335
2.1. Industrial materials and services 50792
2.2. Depreciation 8398
2.3. Salary with tax 9050
2.4. Public services 5095
3. Gross profit 37145
4. Selling costs 1199
5. Indirect costs        15206
6. Profit from other commercial activity 9000
7. Interest payment 9252
8.Profit before property interest 20488

 

8. Election of sworn auditor

With 100% of the votes of eligible shareholders present the decision has been taken:

      To elect SIA “Grant Thornton Baltic Audit”, Reģ. Nr. 50003946031 (certificate Nr. 183) as sworn auditor of  JSC “VEF Radiotehnika RRR” for year 2019 and establish remuneration to the Auditor as amounting to EUR 5400,00 

 

9. Optimization and improvement of organizational structure

With 100% of the votes of eligible shareholders present the decision has been taken:

     To assign and entrust the Council of the Company, at its own discretion, in accordance with the interests of the Company, to develop and approve a plan for optimization and improvement of the organizational structure of the Company.

 

10. Change of company's name

With 100% of the votes of eligible shareholders present the decision has been taken:

To change the name of the Company to JSC “VEF Audio”

11. Other questions

No other questions was discussed

 

 

Extract of minutes of the annual general meeting attached.


2019_sapulces_prot_extract_ENG.pdf