Clarification of draft resolutions proposed for Annual General meeting of AS Olainfarm scheduled for April 29, 2011

21/04/2011

Olaine, 2011-04-21 12:56 CEST (GLOBE NEWSWIRE) — We hereby specify draft resolution on Item #6 of the agenda of Annual General Meeting of Shareholders of AS „Olainfarm” scheduled for April 29, 2011:


 

6. Distribution of net profit of 2010.

 

Draft resolution:

To use 352 126.95 lats (501 031.51 euros) from the net profit of AS “Olainfarm” of 2010 to pay dividends of 2.5 Latvian santims (3.557 euro cents) per share to shareholders of AS Olainfarm (ISIN Code of shares LV0000100501), and to invest the remaining part of the net profit of 2010 in amount of 3 191 542.05 lats (4 541 155.22 euro) in development of the Company.

To set June 15th, 2011 to be the record date for dividends”.

 

 

Management Board of AS “Olainfarm”  

         Information prepared by
         Salvis Lapins
         Member of the Board
         AS “Olainfarm”
         Rupnicu iela 5, Olaine
         Latvia, LV 2114
         Tel: +371 6 7013 717
         Cell: +371 2 6448 873
         e-mail: slapinsh@olainfarm.lv