1. Reports of Management Board, Supervisory Board, Audit Committee and
statement of Sworn auditor, approval of Annual reports for the year 2009.
1) To take notice of the Reports of Management Board, Supervisory Board, Audit
Committee and statement of Sworn auditor for the year 2009 of joint stock
company “Valmieras stikla šķiedra”.
2) To approve the Annual Report of joint stock company “Valmieras stikla
šķiedra” for the year 2009 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”.
Voting results: decision is taken with the required majority of the votes.
2. Distribution of profit for the year 2009.
1) To approve the net profit of joint stock company “Valmieras stikla šķiedra”
for the year 2009 in amount of 18 422 LVL (eighteen thousand four hundred
twenty two lats).
2) The net profit for the year 2009 in amount of 18 422 LVL (eighteen thousand
four hundred twenty two lats) to use for the development of joint stock company
“Valmieras stikla šķiedra” with the aim to increase joint stock company
“Valmieras stikla šķiedra” competitiveness.
Voting results: decision is taken with the required majority of the votes.
3. Election of the auditor for the audit of Annual Reports for the year 2010
and determination of the remuneration for the auditor.
1) To elect audit company limited liability company “Deloitte Audits Latvia”
(commercial company licence No. 43) as auditor of the Annual Report of joint
stock company “Valmieras stikla šķiedra” for the year 2010.
2) To determine that the remuneration of the auditor for the audit of Annuals
report for the year 2010 shall be set according to the agreement concluded
between the auditor and joint stock company “Valmieras stikla šķiedra” on the
audit of the Annual Report 2010.
Voting results: decision is taken with the required majority of the votes.
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 28, 2010:
1) Jürgen Heinz Preiss-Daimler;
2) Dr. Guntis Strazds;
3) Dr. Aivars Lošmanis;
4) Peter Cordts;
5) Dr. Reinhard Edwin Manfred Willi Conradt.
The new member of the Supervisory Board Dr. Reinhard Edwin Manfred Willi
Conradt has no shares of JSC "Valmieras stikla šķiedra", in attachment you will
find his CV.
2) To determine that for the duties during the year 2010, each member of the
Supervisory Board of joint stock company „Valmieras stikla šķiedra” shall
receive a remuneration of 6 000 LVL (six thousand lats).
3) To determine that if a member of the Supervisory Board does not participate
at any of the 4 (four) mandatory Supervisory Board meetings, then the
remuneration shall be diminished by 1 000 LVL (one thousand lats) for every
meeting missed.
4) To decide about an additional remuneration in the amount of 1% (one percent)
of the net profit for the year 2010 for each Supervisory Board member of the
joint stock company “Valmieras stikla šķiedra” after approval of the Annual
report for the year 2010 when deciding about the distribution of the profits
for the year 2010.
Voting results: decision is taken with the required majority of the votes.
5. Determination of the remuneration for members of the Audit committee.
1) To determine 1 000 EUR (one thousand euro) as the annual remuneration for
the each member of the Audit Committee for the execution of the duties of
member of the Audit committee.
2) To determine that if a member of the Audit committee does not participate at
any of the mandatory Audit committee meeting, then the remuneration shall be
diminished proportionally for every meeting missed.
Voting results: decision is taken with the required majority of the votes.
Valmiera, May 28, 2010
Chairman of the Management Board
A.O.Brutāns
Member of the Management Board
D.Šēnbergs