Concerning convocation of the annual shareholders meeting of JSC „Olainfarm”
The Management Board of Joint Stock Company „Olainfarm” on the basis of the terms of articles 269 and 273 of the Commercial law and in accordance with decision of Management Board as of June 17th, 2005, (protocol Nr. V-6/2005), is informing about convocation of the annual JSC „Olainfarm” shareholders meeting that will take place on July 29th, 2005, at 10.00 a.m..
The following questions are included in the agenda of the meeting:
1. Management Board’s report on results of activity in year 2004.
2. Approval of audited annual report of year 2004.
3. Approval of audited consolidated annual report of year 2004..
4. Election of certified auditor for year 2005.
5. Management Board’s report on budget and activity plan for year 2005.
6. On increase of fixed capital.
7. Approval of rules of increase of fixed capital.
8. Approval of new edition of the Statutes.
9. Other questions.
At the shareholders meeting it is planned to approve financial statements of the company for year 2004, review Management Board’s report on the company’s activity in year 2004 and first half of year 2005. Shareholders will also be offered to decide on emission of 2 millions of name shares, in order to attract additional investments for completion of the reconstruction of JSC „Olainfarm” chemical products manufacturing site. The shares are not planned for the public offer but they can be purchased by the present shareholders of the joint stock company.
Annual shareholders meeting will take place at the JSC „Olainfarm” premises at Olaine, Rupnicu street 5. Shareholders registration will take place from 9.00 a.m. till 9.45 a.m. A passport or other ID (with photograph), where the name, surname an personal code of the shareholder is shown, must be produced at the registration. Should the shareholder be represented by the duly appointed representative, a duly certified power of attorney for representation at the shareholders meeting must be produced at the registration desk.
Shareholders, who wish to participate at the annual shareholders meeting with the voting rights, should register blocking of their shares with their securities account holder before July 20th, 2005.
The projects of the decisions on the questions of the agenda of the annual shareholders meeting can be acquainted with at the Legal department of JSC “Olainfarm” in Olaine, Rupnicu street 5, each working day from 9.00 a.m. till 4.00 p.m., starting with July 15th 2005.