Extract
Minutes No.1/10
of the extraordinary meeting of
JSC “VEF RADIOTEHNIKA RRR”
3 Kurzemes prospekts, Riga
April 30, 2010, 4 pm.
Based on the decision of the Board of JSC “VEF Radiotehnika RRR” about holding
the meeting of shareholders which has been published in newspapers ”Latvijas
Vēstnesis” on March 23 No.46 and “Diena” on March 24 No 70(7515) in writing let
known to shareholders registered in the shareholders' register E.Malejevs,
I.Spruga, “Baltlains Intern “, J.Malejevs, V.Mihailovins, SIA, State Social
Security Agency the meeting is declared open
Chairman of the Board Mr. Janis Salenieks opens the meeting.
Chairman of the Board Mr. Janis Salenieks informs that according to the
registration data shareholders or their authorized persons are present at the
meeting, which makes owners of 2117437 shares with a right of voting and which
makes 83.13 % of paid statute capital. Registration of shareholders has been
done in accordance with list approved by Central Latvian Depository and
listings of closed share emissions. Registration documents with signatures of
representatives of shareholders and their authorized persons have been attached
to the copy of minutes kept in the JSC.
Paid statute capital of JSC is LVL 2 549 084.
The meeting is legitimate and can start discussing the subjects included in the
agenda.
On behalf of the Board speaker of the meeting Mr.J.Salenieks announces the list
of shareholders present at the meeting: E.Maļejevs, J.Malejevs, V.Mihailovins,
authorized representative of ”Baltlains.Intern” SIA M.Rudaks, G.Hotejevs.
Present at the meeting: Chairman of the Council J.Salenieks; Members of the
Council: J.Malejevs, A.Smiltniece, V.Mihailovins.
Members of the Board: Chairman of the Board - E.Maļejevs, members of the Board
-G.Lacis.
With 100% of the votes of shareholders present the decision has been taken:
- to elect authorized representative of ”Baltlains.Intern” Mihails Rudaks as
the vote counter.
With 100% of the votes of shareholders present the decision has been taken:
- to elect Janis Salenieks as the speaker of the meeting.
With 100% of the votes of shareholders present the decision has been taken:
- to Vjaceslavs Mihailovins as the secretary of the meeting.
With 100% of the votes of shareholders present the decision has been taken:
- to elect shareholders Eduards Malejevs and Jurijs Malejevs as authorized
signatures of the minutes of the meeting.
Chairman of the meeting announces the agenda of the meeting:
1. Report of the Board on the results of 2009
2. Council report on the results of 2009
3. Report of the sworn auditor.
4. Acceptance of the balance of 2009
5. Sharing of profit of 2009
6. Acceptance of JSC budget and plan of activities for 2010.
7. Acceptance of sworn auditor.
8. Evaluation of economic situation at JSC „VEF Radiotehnika RRR” and
improvement of business organization structure.
1. Report of the Board on the results of 2009
With 100% of the votes of shareholders present the decision has been taken:
Accept the report of the Board on the results of 2009
1.1. Audit committee report on the 2009 results
With 100% of the votes of shareholders present the decision has been taken:
Note the Stock Company audit committee report on the 2009 results of
operations.
2. Council report on the results of 2009
With 100% of the votes of shareholders present the decision has been taken:
Accept Council report on the results of 2009
3. Report of the sworn auditor.
With 100% of the votes of shareholders present the decision has been taken:
To take into consideration the report of the sworn auditor.
4. Acceptance of the balance of 2009
With 100% of the votes of shareholders present the decision has been taken:
Accept the balance of 2009 with the total amount 5479957LVL
5. Sharing of profit of 2009
With 100% of the votes of shareholders present the decision has been taken:
To divert the profit of 2009 in the amount of 22760 LVL to covering the losses
of the previous years.
6. Acceptance of JSC budget and plan of activities for 2010.
With 100% of the votes of shareholders present the decision has been taken:
To accept the JSC budget and plan of activities for 2010.
7. Election of sworn auditor
With 100% of the votes of shareholders present the decision has been taken:
To elect as JSC sworn auditor for 2010 sworn auditor Nelli Jermolicka
(certificate Nr.102).
8.. assessment of commercial financial position of AS VEF Radiotehnika
RRR " and improvement of institutional and business structure of the company.
With 100% of voting shareholders present votes in the decision:
Note the Stock Company Chairman of the Board a report on the operations of the
company in 2009.With
8.1. The conditions set in the Electronic Document Law (EDL) for
participation at shareholders' meetings by electronic means.
With 100% of voting shareholders present votes in the decision:
The conditions set in the Electronic Document Law (EDL) for participation
at shareholders' meetings by electronic means, to proceed to the next meeting.
Speaker of the meeting: J.Salenieks (signature)
Secretary V.Mihailovins (signature)
Confirm adequacy of the minutes:
Eduards Malejevs(signature)
Jurijs Malejevs(signature)
“Minutes are adequate”
Chairman of the Board
JSC “VEF Radiotehnika RRR”
E.Malejevs
_____________________________
Riga, April 30, 2010