Management Board of JSC Olainfarm: Olainfarm will continue its development as intended by V. Maligins

The Board of JSC "Olainfarm" informs that the newly elected company's Council and the Board constructively cooperate, and the first joint meeting took place already on September 4.

The Council of the Company discussed and welcomed the vision of the Board of JSC Olainfarm on the further development of the company, coinciding with the goals, set by its long-time board chairman Valērijs Maligins - to develop Olainfarm as the most influential and largest regional pharmaceutical company and to preserve the Company's values.

"The decisions of the Shareholders' Meeting, held of 4th of September, and resulting into the changes in the management of the company are perceived positively by the board of JSC Olainfarm, and we are determined to constructively cooperate with the newly elected Council,” comments Olegs Grigorjevs, Chairman of the Board.

Irina Maligina, the representative of SIA Olmafarm - the largest shareholder of Olainfarm, has already distributed a public statement, commenting the recent changes of Olainfarm's Council and management Board:

"I am pleased that new professionals who are not affiliated with the former Council and unrelated to the previous shareholders have agreed to join their forces and experience, and to work together in our ambitious and result oriented team".

Information prepared by:

Dana Hasana

Head of PR of JSC Olainfarm

Mob.

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