JSC „OLAINFARM” statutes#ins_quot2# new edition
Approved by Decision of Annual Shareholders meeting On July 29th, 2005
Company’s firm is joint stock company „Olainfarm”, hereinafter called
2. Fixed capital of the Company
2.1. Fixed capital of the Company is 13 252 365 LVL (thirty millions two
hundred fifty two thousand three hundred sixty five lats). Fixed capital
of the Company consists of 13 252 365 (thirty millions two hundred fifty
two thousand three hundred sixty five) shares. Nominal value of one share
is LVL 1,- (one lat).
2.2. 2 994 900 (two millions nine hundred ninety four thousand nine hundred)
of Company’s shares are bearer shares and are in public circulation.
2.3. 10 257 465 (ten millions two hundred fifty seven thousand four hundred
sixty five) of Company’s shares are registered shares.
2.4. All shares provide equal rights to receive dividends, liquidation quota
and to vote on shareholders meeting.
2.5. All shares are dematerialized.
3. Management Board
Company’s Management Board consists of seven members of the Management Board.
Chairperson of the Management Board (president) has unlimited rights to
represent the Company separately. Remaining members of the Management Board
have the right to represent the Company only jointly.
4. Board of Advisers
Company’s Board of Advisers consists of five members of Board of Advisers.
5. Other terms
When managing emission the Company may foresee in the terms of amplification
of fixed capital that in case of failing to cover the full price of shares
shareholder receives only number of shares proportionate to the paid sum.