On decisions passed by the JSC “Grobiņa”extraordinary shareholders' meeting


4 March 2010							
				

Ref.: On decisions passed by the JSC “Grobiņa”
extraordinary shareholders' meeting



We hereby inform that the JSC “Grobiņa” extraordinary shareholders' meeting was
convened on 4 March 2010. 

The following decisions were passed by the meeting:
	
Results of voting for Decision No.1

VOTING RESULTS:
IN FAVOUR - 340 551 votes
AGAINST- none
ABSTAINED FROM VOTING - 5273

DECISION NO.1
To amend the sequence in agenda of the meeting as follows:

1. The JSC “Grobiņa” Board report on the actions performed and measures taken
to minimize and eliminate the JSC “Grobiņa” operations with loss. Detailed
discussions and approval of the Company's budget. 
2. The JSC “Grobiņa” Council report on the actions performed and measures taken
to minimize and eliminate the JSC “Grobiņa” operations with loss.  	 
Elections of a new JSC “Grobiņa” Council.
3. The JSC “Grobiņa” Audit Commission report on fulfilment of the functions
stipulated by the law and the Statute. 	 
4. Approval of a new auditor of the JSC “Grobiņa” for the year 2009.	
5. Amendments in the JSC “Grobiņa” Statute.	
6. Miscellaneous.

Results of voting for Decision No.2.1


VOTING RESULTS:
IN FAVOUR  - 275 143 votes 
AGAINST- 408 votes
ABSTAINED FROM VOTING - 70 273 votes 

DECISION No. 2.1
To take notice of the Company Board report on the actions performed and
measures taken to minimize and eliminate the JSC “Grobiņa” operations with
loss. 


Results of voting for Decision No. 2.2

VOTING RESULTS:
IN FAVOUR - 335 201 votes 
AGAINST- 10 623 votes

DECISION No. 2.2
To postpone review of the year 2010 budget until the next shareholders'
meeting, which will be summoned with a view to discus the year 2009 budget. 

Results of voting for Decision No.3

VOTING RESULTS:
IN FAVOUR - 285 551 votes 
AGAINST- 55 000 votes
ABSTAINED FROM VOTING - 5273 votes 

DECISION N0.3
To take notice of JSC “Grobiņa” Council report on the actions performed and
measures taken to minimize and eliminate the JSC “Grobiņa” operations with
loss. 

Results of voting for Decision No.4

The decision was not passed.

Results of voting for Decision No.5

	
VOTING RESULTS:
	
	1. Candidate for Council member Genādijs Jefimovs
	FOR - 56 875 votes 
	
	2. Candidate for Council member Dagmāra Šlosberga
	FOR - 56 875 votes 
	
	3. Candidate for Council member Jānis Siliņš
	FOR - 56 875 votes  
	
	4. Candidate for Council member Aivars Žvagulis
	
	
	FOR - 56 887 votes  
	
	5. Candidate for Council member Gunārs Laugalis
	IN FAVOUR - 56 877 votes  
	
	6. Candidate for Council member Jānis Meijubers
	
	IN FAVOUR - 60 731 votes  
	
	7. Candidate for Council member Anatolijs Gorbunovs
	IN FAVOUR - 754 votes  
	
	
	Argita Jaunsleine:
	Based on the voting results 3 candidates, Jānis Meijubers, Aivars Žvagulis and
Gunārs Laugalis, have obtained a majority of votes, but the following three
candidates, Genādijs Jefimovs, Dagmāra Šlosberga and Jānis Siliņš have obtained
an equal number of votes, thus voting for the latter shall be repeated. 
	
VOTING RESULTS:
	
	1. Candidate for Council member Genādijs Jefimovs
	IN FAVOUR - 13 602 votes 
	
	2. Candidate for Council member Dagmāra Šlosberga
	IN FAVOUR - 136 033 votes 
	
	3. Candidate for Council member Jānis Siliņš
	IN FAVOUR - 135 916 votes 
	
	
	DECISION No.5
	To elect the Council of the JSC “Grobiņa” in the following composition: 
	1. Jānis Meijubers, ID number 010458-13051
	2. Aivars Žvagulis, ID number 071045-10825
	3. Gunārs Laugalis, ID number 240149-10811 
	4.Jānis Siliņš, ID number 210747-10818
	5. Dagmāra Šlosberga, ID number 050544-10818
	

Results of voting for Decision No.6

VOTING RESULTS:
IN FAVOUR - 345 824 votes 
AGAINST- none 




DECIDED:

DECISION No.6

1. To elect for the year 2009 a new JSC “Grobiņa” auditor “Zvērinātu revidentu
firma Kapitāls” Ltd., registration No. 42103010490, LACA licence No.6
(responsible auditor   Marija Jansone, certificate No.25). 
2. To set the auditor's remuneration based on the amount of work performed and
according to the provisions of the contract concluded between the JSC “Grobiņa”
and the auditor. 

Results of voting  for Decision No.7

VOTING RESULTS:
IN FAVOUR - 345 824 votes 
AGAINST- none
	
	DECIDED:
	DECISION No.7

1. To amend the JSC “Grobiņa” Statute, Articles 1, 2, 3, 4, 5 using the
following new wording, as well as to supplement the JSC “Grobiņa” Statute with
Article 6 in the following new wording: 
	
“1. The Firm

1.1 The Company's firm is the JSC „Grobiņa”.
1.2 The Company was established as a result of privatization of the state farm
“Grobiņa” in compliance with the Cabinet Instruction No. 264 “On Handing Over
Of State Property Objects To Privatization” of 5 July 1996 and in compliance
with the privatization rules of the state farm “Grobiņa” approved by the
Resolution No.191/2300 passed by the Board of the state owned joint stock
company “Privatization Agency” on 12 December 1996, by transforming the state
company into a statute  company and at the same time selling this company's
shares. 
	
2. Types of business activities
	
2.1 The Company performs the following business activities:
      - 01.49. Breeding of other animals.
	
3. Shareholders' equity 
	
3.1 The Company shareholders' equity is 500 000 LVL. 
3.2 The Company shareholders' equity is divided into 500 000 common registered
shares. 
3.3 The nominal value of one share is 1 LVL.



4.	Shareholders' meeting

4.1 The shareholders' meeting shall have the right to pass decisions provided
at least one half of the shareholders' equity is represented at the
shareholders' meeting. 

5.	The Council

5.1 The Company has the Council comprising of five members.

6. The Board

6.1 The Company Board consists of three Board members.  
6.2  Each Board member has the right to represent the Company solely.
6.3 The Board can decide on the following issues only upon receipt of the
Council's consent: 
6.3.1 acquisition, increase or reduction of interest in other companies;	
6.3.2 acquisition or alienation of the company;
6.3.3 purchase, alienation of real property or encumbering of real property
with rights in things provided the transaction amount exceeds 50 000 LVL; 
6.3.4 establishment or liquidation of affiliates and representations;
6.3.5 granting such loans that are not related to the Company's everyday
business activities;. 
6.3.6 giving credits to the Company's employees;	
6.3.7 starting new business activities and termination of the existing business
activities; 
6.3.8 establishment of general operation principles. 


2.  To approve the new version of the JSC “Grobiņa” Statute.”



Yours faithfully,



Daina Kalniņa
Chairman of the Board 
JSC “Grobiņa”