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Draft Resolutions of the Annual General Meeting of Shareholders of JSC Olainfarm to be Held on June 7th, 2016

on May 24, 2016
  1. Report of the Board on results of operations in 2015.

Draft resolution:
To take notice of the Report of the Board on results of operations in 2015.

 

  1. Report of the Council on results of operations in 2015.

Draft resolution:
To take notice of the Report of the Council on results of operations in 2015.

 

  1. Report of the Auditing Committee on activities in 2015.

Draft resolution:
To take notice of the Report of the Auditing Committee on activities in 2015.

 

  1. Approval of the Audited Consolidated Annual Report of Group and Parent Company for 2015.

Draft resolution:
To approve the Audited Consolidated Annual Report of JSC Olainfarm group and of Parent Company for 2015.

 

  1. Distribution of profit of 2015.

Draft resolutions:
5.1. To use part of the year 2015 profit of JSC Olainfarm in amount of 2 549 399.12 euros to pay dividends to shareholders of JSC Olainfarm, (ISIN code of the shares LV0000100501) paying 0.181 euros per one share. Part of the profit in amount of 12 016 600.88 euros to retain undistributed and to reinvest in development of JSC Olainfarm.
5.2. Set September 14, 2016, as a record date for dividends and September 21, 2016, as the date of payment of dividends.

 

  1. Report of the Board on budget and on planned operations in 2016.

Draft resolution:
To take notice of Report of the Board on budget and on planned operations in 2016, which include Parent Company’s unconsolidated turnover forecast for 2016 in amount of 86 million euro, and JSC Olainfarm consolidated turnover forecast for 2016 in amount of 100 million euro. Forecast of unconsolidated profit of JSC Olainfarm is 9 million euro, but consolidated profit is 10 million euro.

 

  1. Election of the Certified Auditor for 2016.

Draft resolutions:
7.1. to elect SIA Ernst & Young Baltic (license No.17, unitary registration No. 40003593454) to be the certified auditor of JSC Olainfarm in 2016.
7.2. to set 43 300 EUR as the total remuneration of certified auditor for 2016.

 

  1. Election of the Auditing Committee.

Draft resolutions:
8.1. to elect Viesturs Gurtlavs to be the sole member of the Auditing Committee.
8.2. to set the total monthly remuneration of the Auditing Committee at 4800 euros.

 

JSC Olainfarm is one of the biggest pharmaceutical companies in Latvia with more than 40 years of experience in production of medication and chemical and pharmaceutical products. A basic principle of company’s operations is to produce reliable and effective top quality products for Latvia and the rest of the world. Products made by the Group are being exported to more than 40 countries of the world, including the Baltics, Russia, other CIS, Europe, Asia, North America and Australia.

 

Information prepared by:

Salvis Lapins
JSC Olainfarm
Member of the Management Board
Rupnicu iela 5, Olaine, Latvia, LV 2114
Phone: +371 6 7013 717
Fax: +371 6 7013 777
E-mail: Salvis.Lapins@olainfarm.lv

SigitaDraft Resolutions of the Annual General Meeting of Shareholders of JSC Olainfarm to be Held on June 7th, 2016