Joint stock company

“Kurzemes ciltslietu un mākslīgās apsēklošanas stacija”

Reg. No LR KR LV 40003017085

Paid-in equity capital – LVL 438,000

The decision of the regular shareholders meeting, which took place on April 28th, 2015, in accordance with the agenda:

1. Announcement of the Board and Council.

Decision: to approve reports made by the Board and the Council.

2. Approval of the annual report 2014.

Decision: to approve the annual report for 2014 of joint stock company “Kurzemes ciltslietu un mākslīgās apsēklošanas stacija”.

3. Covering of losses of the year 2014.

Decision: Losses of the year 2014 in amount of EUR 98,089 (ninety-eight thousand and eighty-nine euro) shall be covered from the undivided profit of previous years.

4. Election of sworn auditor for the year 2015 and wage determination for the auditor.

Decision:

4.1. To approve SIA „Audit Advice”Ltd., registration No. LV 40003858822, certified auditor business license No. 134, the auditor Marija Jansone, the certified auditor’s certificate Nr.25, as certified auditor the joint stock company “Kurzemes ciltslietu un mākslīgās apsēklošanas stacija” for the year 2015.

4.2. To set the compensation to the auditor for the audit of annual report of 2015 in the amount of EUR 1450.00) excluding value added tax (VAT).

5. Election of Audit committee and wage determination for audit committee.

Decision: Functions of the Inspection Committee will be performed by the Company Council without remuneration. 

6. Denomination of the share nominal value according to euro and statute amendments related thereto.

Decision:

6.1. To perform the denomination of the Company’ stocks in amount of 438,000 (four hundred and thirty-eight thousand) with the nominal value of each stock LVL 1.- (one lat) from lats to euros by determining that after the denomination, the equity capital is divided into 876,000 (eight hundred and seventy-six thousand) stocks with the nominal value of each stock EUR 0.70 (seventy euro cents) with the total value of the equity capital EUR 613,200 (six hundred thirteen thousand and two hundred euros).

6.2. The positive difference resulted from the denomination of the Company stocks from lats to euros shall be:

6.2.1. Disbursed to stockholders in amount of EUR 8760,00 (eight thousand seven hundred and sixty euros) by disbursing EUR 0.02 (two euro cents) for 1 stock;

6.2.2. Transferred to the Company reserves in amount of the rest sum EUR 1257.85 (one thousand two hundred and fifty-seven euros, eighty-five cents).

6.3. To determine that the denomination of the Company stocks shall be performed in accordance with the status on 15 June 2015 (end of the day) while the disbursement of the positive difference resulted from the stock denomination from lats to euros shall be performed on 17 June 2015 following the stock amount before the denomination.

6.4. To amend the Articles of Association – to express Section 3.1 of the Articles of Association as follows:

“The Company’s equity capital composes EUR 613,200 (six hundred thirteen thousand and two hundred euros). The Company’s equity capital consists of 876,000 (eight hundred and seventy-six thousand) stocks. The nominal value of one stock is EUR 0.70 (seventy euro cents). All stocks are dematerialized. All stocks are the bearer stocks.”

Gatis Kaķis

Chairman of the Board

AS „Kurzemes ciltslietu un mākslīgās apsēklošanas stacija”