DRAFT RESOLUTIONS of Annual General Meeting of
Shareholders
of Joint Stock Company „Valmieras stikla šķiedra”
to be held on May 29, 2015
1. Reports of the Management Board, Supervisory Board,
Audit Committee and statement of Sworn auditor, approval of Annual
report for the year 2014.
1) To take notice of the Reports of Management Board,
Supervisory Board, Audit Committee and a statement of the Sworn
auditor for the year 2014 of Joint Stock Company “Valmieras stikla
šķiedra”.
2) To approve the Annual Report of Joint Stock Company “Valmieras
stikla šķiedra” for the year 2014 prepared by the Management Board
of Joint Stock Company “Valmieras stikla šķiedra” and revised by
the Supervisory Board of Joint Stock Company “Valmieras stikla
šķiedra”.
2. Distribution of the profit for the year
2014.
1) To approve the net profit of Joint Stock Company “Valmieras
stikla šķiedra” for the year 2014 in the amount of 7 028 446
EUR.
2) To distribute the net profit for the year 2014 of 7 028 446 EUR
as follows:
a. To pay 2 811 016.91 EUR in total or 0,1176 EUR (11.76 cents) per
one share to shareholders in dividends, setting July 17, 2015 as
the date of calculation of dividends and July 24, 2015 as the date
of payment of dividends.
b. To leave undistributed and use 4 217 429.09 EUR for the
development of Joint Stock Company “Valmieras stikla šķiedra” with
the aim to increase Joint Stock Company “Valmieras stikla šķiedra”
competitiveness.
3. Election of the auditor for the audit of Annual
Report for the year 2015 and determination of the remuneration for
the auditor.
1) To elect audit company “Deloitte Audits Latvia” SIA
(commercial company license No. 43) as auditor of the Annual Report
of Joint Stock Company “Valmieras stikla šķiedra” for the year
2015.
2) To determine that the remuneration of the auditor for the audit
of Annual report for the year 2015 shall be set according to the
agreement signed between the auditor and Joint Stock Company
“Valmieras stikla šķiedra” on the audit of the Annual Report
2015.
4. Election of the Supervisory Board and determination
of the remuneration for members of the Supervisory
Board.
1) To elect in the positions of the members of the Supervisory
Board of Joint Stock Company “Valmieras stikla šķiedra” for three
years, determining the beginning of the duties of the Supervisory
Board as of the May 31, 2015:
Candidates of members of the Supervisory Council
proposed by shareholders „P-D Management Industries Technologies
GmbH” and „Vitrulan International GmbH”
- Jürgen Heinz Preiss-Daimler;
- Jöran Pfuhl;
- Andris Oskars Brutāns;
- Peter Hans Cordts;
- Frank Wilhelm Behrends.
2) For the results of the year 2014 of the Joint Stock Company
“Valmieras stikla šķiedra” to pay additional remuneration in the
amount of 1% of the consolidated net profit for the year 2014 to
each member of the Supervisory Board.
3) To determine that for the duties during the year 2015, each
member of the Supervisory Board of Joint Stock Company „Valmieras
stikla šķiedra” shall receive a remuneration in the amount of
3000,- EUR (three thousand euro) for each attended the Supervisory
Board meeting.
5. Election of the Audit committee and determination of the
remuneration for the Audit Committee.
1) To elect for the office of the member of Joint Stock Company
“Valmieras stikla šķiedra” Audit Committee for the term three
years, starting on 29 May 2015:
- Stefan Preiss-Daimler;
- Dr. Guntis Strazds;
- Florian Krome.
2) To establish that the meetings of the Audit Committee shall be
held in line with the necessity of the company; however, not less
than 3 (three) times a year, but not more frequently than 4 (four)
times a year.
3) To determine that for the duties during the year 2015, each
member of the Audit Committee of Joint Stock Company „Valmieras
stikla šķiedra” shall receive a remuneration in the amount of
1850,- EUR (one thousand eight hundred fifty euros) for each
attended Audit Committee meeting.
Valmiera, May 14, 2015
Chairman of the Management Board A.O.Brutāns
Member of the Management Board D.Šēnbergs
Contacts:
Marika Nīmante
JSC „Valmieras stikla šķiedra” marketing project manager
Phone: +371 64202276, +371 26635509
Fax: +371 64281216
E-mail: Marika.Nimante@valmiera-glass.com
More information about company: www.valmiera-glass.com
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