Valmiera, May 11, 2007
The Annual General Meeting of shareholders of joint stock company “Valmieras
stikla šķiedra” was held on May 11, 2007. The meeting resolved following
resolutions:
On the first item of the Agenda „ The Reports of the Management Board, the
Supervisory Council and the statement of the sworn auditor, approval of Annual
report for the year 2006”:
1. To take notice of the report of the Management Board, the report of the
Supervisory Council and the statement of the sworn auditor of joint stock
company “Valmieras stikla šķiedra”.
2. To approve the Annual Report of JSC “Valmieras stikla šķiedra” for the year
2006 prepared by the Management Board of JSC “Valmieras stikla šķiedra” and
revised by the Supervisory Council of JSC “Valmieras stikla šķiedra” (on 27
pages attached).
On the second item of the Agenda „Distribution of profit for the year 2006”:
1. To approve the net profit of JSC “Valmieras stikla šķiedra” for the year
2006 of LVL 719,681 (seven hundred nineteen thousand six hundred eighty-one
lats).
2. To distribute the net profit for the year 2006 of LVL 719,681 as follows:
* To pay LVL 167,323 (one hundred seven thousand three hundred twenty-three
lats) or LVL 0.007 (zero point seven centimes) per each share to the
shareholders in dividends, determining June 1, 2007 as the dividend record date
and June 11, 2007 as dividend payment date.
* To pay 1% of the net profit for the year 2006 to each member of the
Management Board and each member of the Supervisory Council of the JSC
“Valmieras stikla šķiedra” for the results of the year 2006.
* To use LVL 465,994 (four hundred sixty-five thousand nine hundred ninety-four
lats) for the development of JSC “Valmieras stikla šķiedra” with the aim to
increase JSC “Valmieras stikla šķiedra” competitiveness.
On the third item of the Agenda „Election of the auditor for the audit of Annual
Reports for the year 2007 and determination of the remuneration for the
auditor”:
1. To elect audit company “Deloitte Audits Latvia” SIA (commercial company
licence No. 43) as auditor of the Annual Report of JSC “Valmieras stikla
šķiedra” for the year 2007.
2. To determine that the remuneration of the auditor for the audit of Annuals
report for the year 2007 shall be set according to the agreement signed between
the auditor and JSC “Valmieras stikla šķiedra” on the audit of the Annual Report
2007.
On the fourth item of the Agenda „ Election of the Supervisory Council and
determination of the remuneration for members of the Supervisory Council”:
1. In view of the application of the Supervisory Council member Mr Andris
Bērziņš concerning his leave of the position in the Supervisory Council of JSC
Valmieras stikla šķiedra and according to paragraph 296 part 9 of the
Commercial Law, to release Jürgen Preiss-Daimer, Peter Cordts, Dr. Gunts
Strazds and Dr. Aivars Lošmanis from their positions as members of the
Supervisory Council as from May 11, 2007.
2. To elect in the positions of the members of the Supervisory Council of JSC
“Valmieras stikla šķiedra” for three years, determining the beginning of the
duties of the Supervisory Council as of the May 11, 2007:
Jürgen Preiss-Daimler;
Peter Cordts;
Dr. Guntis Strazds;
Dr. Aivars Lošmanis;
Frank Behrends.
3. To determine that for the duties during the year 2007, each member of the
Supervisory Council of JSC „Valmieras stikla šķiedra” shall receive a
remuneration of LVL 6,000 (six thousand) lats.
4. If a member of the Supervisory Council does not participate at any of the 4
(four) mandatory Supervisory Council meetings, then the remuneration shall be
diminished by LVL 1,000 (one thousand lats) for every meeting missed.
5. To decide about an additional remuneration in the amount of 1% of the net
profit for the year 2007 for each Supervisory Council member of the JSC
“Valmieras stikla šķiedra” after approval of the Annual report for the year
2007 when deciding about the distribution of the profits for the year 2007.
On the same occasion we inform that the Supervisory Council of JSC “Valmieras
stikla šķiedra” decided on its meeting of May 11, 2007 to elect Mr Jürgen
Preiss-Daimler as chairman of the Supervisory Council of JSC “Valmieras stikla
šķiedra” and Mr Peter Cordts as deputy chairman of the Supervisory Council of
JSC “Valmieras stikla šķiedra”.
On behalf of the Management Board of JSC „ Valmieras stikla šķiedra”:
Chairman of the Board
A.O.Brutāns
Member of the Board
I.Saulītis
Lauma Kugrēna
Controller
Phone +371 4202222, laumak@vss.lv
Resolutions of JSC Valmieras stikla šķiedra AGM held on May 11, 2007
| Source: Valmieras stikla skiedra