Published: 2020-04-26 12:05:38 CEST
Rīgas autoelektroaparātu rūpnīca
Decisions of general meeting

AS „Rīgas autoelektroaparātu rūpnīca” annual shareholders' meeting decisions

The decisions of shareholders' meeting of AS "Rīgas autoelektroaparātu rūpnīca"

AS “Rīgas autoelektroaparātu rūpnīca”                                                                                                                                                                                    Reg. No 40003030454                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Address: Klijanu str. 18, Riga, LV-1013 

The Annual Shareholders’ Meeting was held on April 26, 2020.

The taken decisions:

1. Report of Board on the performance of 2019.                                                                                                                                                                      Approve the report of the Board on the performance of 2019.                                                                                                                  Voting results: The decision was adopted with the required majority of votes.

2. Report of Council.                                                                                                                                                                                                                Approve the report of the Council.                                                                                                                                                              Voting results: The decision was adopted with the required majority of votes.

3. Approval of Annual report of the year 2019.                                                                                                                                                           Approve the Annual report of the year 2019.                                                                                                                                            Voting results: The decision was adopted with the required majority of votes.

4. On shareholders’ equity.                                                                                                                                                                                                          Take into account the information on the value of immovable property. Leave to the competence of the Management Board decision weather to revalue the real estate.                                                                                                                                                                                Voting results: The decision was adopted with the required majority of votes.

5. On Certified auditor for the year 2020.                                                                                                                                                                                     To enter into a contract with “Certified auditors’ office Gatis Sviklis Lasma Svikle”, Ltd (License No 181) for auditing the Annual report of 2020 for remuneration 2300 EUR plus VAT.                                                                                                                                                                                                                                                                                       Voting results: The decision was adopted with the required majority of votes.

6.Approval of  the remuneration policy for Board and Council members.                                                                                                                                6.1. Approval of the 2020  remuneration policy for Board and Council members:                                                                                                      -  fixed non-variable remuneration of two minimum monthly salariesfor Board and Council members, providing for a factor of 1,1 for the chairs of  Board and Council;                                                                                                                                                                                     -no variable remuneration for the Council and Board members and their chairmen, including cash bonuses, shares and others.                                                                                                                                                                                                                       6.2. Approval the decision not to award the remuneration to the members of the Board and Council and their chairmen for 2019.                                                                                                                                                                                                                             In March 2020 limitation arrising from the spead of the coronavirus have been put in placein the Republic of Latvia and in other countries.The development of the situation is not predictable therefore an economic uncertaintyprevails.The management of the constantly contemplating the situation.In 2020, even with the most optimistic coincidence and the most successfull economic activity, the Joint Stock Company „Rigas autoelektroaparātu rūpnīca” has decided not to remunerate the members of the Management Board and Council.                                                  Voting results: The decision was adopted with the required majority of votes.

The Board of AS „Rīgas autoelektroaparātu rūpnīca”                                                                                  Contacts:                                                                                                                                                                                                                                                Gunārs Lubis                                                                                                                                                                                                                               Phone: +371 67371352                                                                                                                                                                                                                         E-mail: rimowood2@inbox.lv