Joint Stock Company "KURZEMES ATSLEGA 1”

Registration No. 40003044007
27 Kalvenes street, Aizpute, Aizpute district, LV-3456
Phone 63448075 

On closing of the current shareholder’s meeting 

Meeting time: April 25,2014
Meeting location: 27 Kalvenes str., Aizpute, Aizpute district, LV-3456 

Adopted decisions:

1.To approve JSC “KURZEMES ATSLEGA 1” annual report of the 2013.

2.To cover the losses of the 2013 in value of 40227 EUR ( 28272 LVL ) from undivided profit of the previous years.

3.To approve certified auditor SIA “ES AUDITS” (auditor Edite Soncika certificate No.1) as a JSC “KURZEMES ATSLEGA 1” report auditor of the 2014.

4.To determine the remuneration 1450 EUR +21% VAT to the auditor for company’s report audit of the 2014.

5.To change paragraph 2.1 of the articles of association as follows:

2.1. The fixed assets of the Company is 1285401.60 (one million two hundred eighty-five thousand four hundred euro and sixty euro cents). The fixed assets of the Company consist of 918144 (nine hundred eighteen thousand one hundred forty four) shares. Nominal value of a share is 1.40 euro (one euro and forty euro cents)

2.2. All shares of the Company give equal rights to receive dividends, liquidation quota and voting rights at the shareholders' meeting.

2.3. 656356 (six hundred fifty six thousand and three hundred fifty six) shares are holder’s shares, but 261788 (two hundred sixty one thousand and seven hundred eighty eight) shares are registered shares.

2.4. 656356 (six hundred fifty six thousand and three hundred fifty six) shares are holder’s shares, but 261788 (two hundred sixty one thousand and seven hundred eighty eight) shares are on paper.         

Paragraph 5 of article of association has to be expressed as follows:

“5.Other terms

5.1. Terms of increase of the fixed assets may provide that in case of failing to cover the full cost of obtained shares, a participant will retain the number of shares in proportion to the sum paid sum paid by participant.

5.2. The Board shall require approval from the council in deciding of the following issues:

1) participation in other companies, its increasing or decreasing;

2) acquisition or expropriation of company;

3) real estate acquisition, disposal or encumbering with rights of things;

4) opening or closing of branches or representative offices;

5) making of transactions in excess of 70000 euro (seventy thousand euro);

6) the loans that are not related to the company’s everyday business activities;

7) credits to the company's employees;

8)  starting new type of business and the termination of the existing ones.

6. On resulting value in amount of 20999,62 of the stock nominal value denomination from LVL to EUR rounding-off transfer to the company's reserves.

7. To set the 20th business day after registering amendments to the articles of association in Commercial register as a day of the stock nominal value denomination from LVL to EUR.

The Board