DRAFT DECISIONS of the Annual General Meeting of Shareholders of JSC “Latvijas balzams” to be held on 27 April 2012

| Source: Latvijas balzams Latvijas balzams

Riga, Latvia, 2012-04-13 09:58 CEST (GLOBE NEWSWIRE) --

 

DRAFT DECISIONS

 of the Annual General Meeting of Shareholders

of joint stock company “Latvijas balzams” to be held on 27 April 2012

 

  1. Reports of the Management Board, the Council, the Audit Committee and statement of the sworn auditor.

 

To get acquainted with the reports of the Management Board, the Council and the Audit Committee of joint stock company “Latvijas balzams” and the statement of the sworn auditor.

 

  1. Approval of Annual reports for the year 2011.

 

To approve the reports drawn up by the Management Board and considered by the Council of joint stock company “Latvijas balzams”:

  1. joint stock company “Latvijas balzams” Annual report for the year 2011, drawn up in accordance with the requirements of the Laws of the Republic of Latvia;
  2. joint stock company “Latvijas balzams” Annual report for the year 2011, drawn up in accordance with International Financial Reporting Standards (IFRS);
  3. joint stock company “Latvijas balzams” Dependency report for the year 2011.

 

  1. Distribution of profit for the year 2011.

 

To leave the net profit of joint stock company “Latvijas balzams” in the amount of 3 649 506 LVL (three million six hundred forty-nine thousand five hundred and six lats) undistributed and to dispose it for the development of  joint stock company “Latvijas balzams” with purpose to increase the competitiveness of joint stock company “Latvijas balzams”.

 

  1. Election of an auditor for the audit of Annual reports for the year 2012 and determination of the remuneration for the auditor.

 

  1. To elect audit company SIA “Baker Tilly Baltics” (license No.80) as the auditor for the audit of Annual reports of joint stock company “Latvijas balzams” for the year 2012.
  2. To determine 35 000 EUR, VAT not included, as the remuneration for the auditor for the audit of Annual reports for the year 2012.
  3. To assign the Management Board of joint stock company “Latvijas balzams” to conclude the agreement with the elected auditor for the audit of Annual reports for the year 2012 of joint stock company “Latvijas balzams”.

 

  1. Election of the Audit Committee and determination of the remuneration for the Audit Committee.

 

  1. To elect for the office of the member of joint stock company “Latvijas balzams” Audit Committee for three years term, starting on 29 April 2012:
  1. Anita Zile [Anita Zīle];
  2. Alexander Yernev [Aleksandrs Jerņevs];
  3. Vitolds Kokars [Vitolds Kokars].

 

  1. To determine 10 600 LVL after withholding of taxes as the annual remuneration for the members of the Audit Committee and to authorize the chairman of the Audit Committee to determine the distribution of the remuneration among the members of the Audit Committee.

 

Riga, April 12, 2012

 

 

Joint stock company „Latvijas balzams”

Chairman of the Management Board                                                     Guntis Āboltiņš Āboliņš

 

Further information:

Vadims Basalajs, ph.: +371 67080695

 

 

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