Approved at the meeting of the Board of joint stock company “Grindeks” on 11 June 2018
and revised at the meeting of the Supervisory Council of joint stock company “Grindeks” on 11 June 2018
DRAFT RESOLUTIONS
of Annual General Meeting of Shareholders
of joint stock company “Grindeks” to be held on 26 June 2018
- Reports of Board, Supervisory Council, Audit Committee and statement of Sworn auditor
To take notice of the reports of the Board, the Supervisory Council, the Audit Committee and the statement of the sworn auditor of joint stock company “Grindeks”.
- Approval of Annual report for the year 2017
To approve the following Annual Reports for the year 2017 prepared by the Board of joint stock company “Grindeks” and revised by the Supervisory Council of joint stock company “Grindeks”:
1) Annual Report for the year 2017 of joint stock company “Grindeks” prepared in accordance with the legislative acts of the Republic of Latvia;
2) Consolidated annual Report for the year 2017 of joint stock company “Grindeks” prepared in accordance with International Financial Reporting Standards (IFRS);
- Distribution of the profit for the year 2017
The net profit of joint stock company “Grindeks” for the year 2017 in amount of EUR 11 504 433 distribute as follows:
1) to pay EUR 1 437 750 or EUR 0.15 (fifteen cents) per one share to shareholders in dividends, setting September 10, 2018 as the ex-date, September 11, 2018 as the date of calculation of dividends and September 12, 2018 as the date of payment of dividends;
2) to leave EUR 10 066 683 undistributed and use it for the development of joint stock company “Grindeks” to increase the competitiveness of joint stock company “Grindeks”.
4. Election of the auditor and determination of the remuneration for the auditor
1) To elect “BDO Audit” Ltd. (certificate number 176) as auditor of the Annual Reports of joint stock company “Grindeks” for the year 2018.
2) To determine the remuneration for the auditor of the Annual Reports of joint stock company “Grindeks” for the year 2018 in the amount of EUR 92 810 (ninety two thousands eight hundred ten euros), not including taxes provided by the legislative acts.
3) To assign the Board of joint stock company “Grindeks” to sign the contract with the elected auditor for audit of the Annual Reports of joint stock company “Grindeks” for the year 2018.
On behalf of the Board of joint stock company “Grindeks”,
Chairman of the Board: J.Bundulis
Further information:
Laila Kļaviņa
Head of the Communications Department
JSC “Grindeks”
Phones: (+371) 67083370, (+371) 29256012
Fax: (+371) 67083505
e-mail: laila.klavina@grindeks.lv
