DRAFT RESOLUTIONS of Annual General Meeting of Shareholders of joint stock company “Grindeks” to be held on 04 June 2019
Approved at the meeting of the Board of joint stock company “Grindeks” on 21 May 2019
and revised at the meeting of the Supervisory Council of joint stock company “Grindeks” on 21 May 2019
- 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, including about remuneration policy development process, its expansion according to recommendations for European Union regulation 2017/828 and consecutive opportunity for shareholders to raise their opinion by voting in the next shareholder meeting, and the statement of the sworn auditor of joint stock company “Grindeks”.
- Approval of Annual report for the year 2018
To approve the following Annual Reports for the year 2018 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 2018 of joint stock company “Grindeks” prepared in accordance with the legislative acts of the Republic of Latvia;
2) Consolidated annual Report for the year 2018 of joint stock company “Grindeks” prepared in accordance with International Financial Reporting Standards (IFRS);
- Distribution of the company profit
To note and cover losses of parent joint stock company “Grindeks” for the year 2018 in amount of EUR 12 001 276 from the undistributed profit of previous years.
To decide on dividend payment from the undistributed profit of previous years on the basis of shareholders proposals.
- Election of the auditor and determination of the remuneration for the auditor
1) To elect “BDO Assurance” Ltd. (certificate number 182) as auditor of the Annual Reports of joint stock company “Grindeks” for the year 2019.
2) To determine the remuneration for the auditor of the Annual Reports of joint stock company “Grindeks” for the year 2019 in the amount of EUR 97 810 (ninety seven thousands eight hundred ten euros), not including taxes provided by the legislative acts.
- Election of the Supervisory Council and determination of the remuneration for the Supervisory Council*
1) To determine the annual remuneration fund for the members of the Supervisory Council for the fulfilment of their duties in accordance with the approved Annual Budget of the joint stock company “Grindeks” and to authorize the Chairperson of the Supervisory Council to determine the distribution of the remuneration fund among the members of the Supervisory Council of joint stock company “Grindeks”.
2) To elect in positions of the member of joint stock company “Grindeks” Supervisory Council for the term three years, starting on 7 June 2019:
- _________________;
- _________________;
- _________________;
- _________________;
- _________________.
*The candidates of the Supervisory Council of JSC “Grindeks” will be nominated at the Annual General Meeting of Shareholders.
On behalf of the Board of joint stock company “Grindeks”,
Chairman of the Board J.Bundulis
Further information:
Irina Baklanova
Assistant to Chairman of the Board, JSC “Grindeks”
Phones: (+371) 67083252, Fax: (+371) 67083505
e-mail:
