Draft decisions of JSC Olainfarm AGM convened on July 29, 2005

28/12/2005

 


Draft decisions of JSC Olainfarm AGM convened on July 29, 2005:

 

1. Management Board’s report on results of activity in year 2004.

Draft resolution:

Accept to the knowledge report of the Management Board concerning results of activities

 in year 2004.

 

2. Approval of audited Annual Report of year 2004.

Draft resolution:

To approve the JSC “Olainfarm” audited 2004 Annual Report.

 

3. Approval of audited Consolidated Annual Report of year 2004.

Draft resolution:

To approve the JSC “Olainfarm” audited 2004 Consolidated Annual Report.

 

4. Election of certified auditor for year 2005.

Draft resolution:

To elect sworn auditor Diāna Krišjāne (“Ernst & Young Baltic” Ltd.) to audit financial

statements of JSC “Olainfarm” for year 2005 (License No. 124).

 

5. Management Board’s report on budget and activity plan for year 2005.

Draft resolution:

Accept to the knowledge report of the Management Board concerning budget and activity

plan of JSC “Olainfarm” for year 2004.

 

6. On increase of fixed capital.

Draft resolutions:

6.1. To increase the equity capital of JSC „Olainfarm” by issuing 2’000’000 (two millions)

 dematerialized registered shares with unlimited right of voting, at face value LVL 1,-

(one Latvian lat) per share.

6.2. To define the equity capital of JSC “Olainfarm”, after the registration of emission

 in the Commercial Register is being completed, will be LVL 12’252’365 (twelve millions

two hundred fifty two thousands three hundred sixty five Latvian lats), consisting of

 12’252’365 (twelve millions two hundred fifty two thousands three hundred sixty five) shares.

 

7. Approval of rules of increase of fixed capital.

Draft resolutions:

7.1. To approve the terms of the rules of increase of fixed capital prepared by the

Menagement Board.

7.2. To entitle the Management Board to approve the price of one share, as well as to

 conduct all the other necessary actions for increase of fixed capital.

 

8. Approval of new edition of the Statutes.

Draft resolution:

To approve the Amendments to the Articles of JSC „Olainfarm” Statutes and the new edition

 of the Statutes.

 

9. Miscellaneous.