Olainfarm

Date: 15.04.2010 - 16:05 (GMT+3) , Exchange: RIG , Company: Olainfarm
This announcement is also available in following languages: lv

OLF: Draft resolutions of the Annual General Meeting of Shareholders of JSC „Olainfarm” to be held on April 29, 2010.

Olainfarm           Notice to convene annual general meeting          15.04.2010

Draft resolutions of the Annual General Meeting of Shareholders of JSC
„Olainfarm” to be held on April 29, 2010.

1. Report of the Board on results of operations in 2009.
Draft resolution:
To take notice of the Report of the Board on results of operations in 2009. 

2. 	Report of the Council on results of operations in 2009.
Draft resolution:
To take notice of the Report of the Council on results of operations in 2009.

3. Report of the Auditing Committee.
Draft resolution:
To take notice of the Report of the Auditing Committee.

4. Approval of the Audited Annual Report for 2009.
Draft resolution:
To approve the Audited Annual Report of JSC „Olainfarm” for 2009.

5. Approval of the Audited Consolidated Annual Report for 2009.
Draft resolution: 
To approve the Audited Consolidated Annual Report of JSC „Olainfarm” for 2009. 

6.	Division of profits of 2009.
Draft resolution:
To use 1 095 181 lats (1 558 302 Euros) from the profit of JSC „Olainfarm” made
in 2009 to cover the uncovered losses of previous years, and to invest the
remaining part of the profit in amount of 1 268 363 lats (1 804 718 Euros) in
the development of the Company. 

7.	Report of the Board on budget for 2010 and on planned operations in 2010. 
Draft resolution:
To take notice of Report of the Board on budget for 2010 and on planned
operations in 2010, which include Company's sales forecast of 24.5 million lats
(34.9 million Euros) and profit forecast of 2.7 million lats (3.8 million
Euros). 

8. Election of the Certified Auditor for 2010.
Draft resolutions:
8.1. to elect SIA „Ernst & Young Baltic” (license No. 17, unified registration
number: 40003593454) to be the certified auditor of JSC „Olainfarm” in 2010; 
8.2. to set the total remuneration of certified auditor at 29 000 lats (41 263
Euros), exclusive of VAT. 

9.	Election of the Auditing Committee.
Draft resolutions:	
9.1. to elect Zanna Karaseva to be the sole member of the Auditing Committee;

9.2. to set the total monthly remuneration of the members of the Auditing
Committee at 500 lats (711 Euros). 


Information prepared by
Salvis Lapins
JSC "Olainfarm"
Member of the Board
tel. +371 6 7013717, 
cell: + 371 2 6448873
fax. + 371 6 7013777
slapinsh@olainfarm.lv