RESOLUTIONS
of Annual General Meeting of Shareholders
of joint stock company "Valmieras stikla skiedra" to be held on May 25, 2012
1. Reports of Management Board, Supervisory Board, Audit Committee and statement of Sworn auditor, approval of Annual report for the year 2011.
1. To take notice of the Reports of Management Board, Supervisory Board, Audit Committee and statement of Sworn auditor for the year 2011 of joint stock company "Valmieras stikla skiedra-. 2. To approve the Annual Report of joint stock company "Valmieras stikla saiedra" for the year 2011 prepared by the Management Board of joint stock company "Valmieras stikla skiedra" and revised by the Supervisory Board of joint stock company "Valmieras stikla skiedra-.
Voting results: decision is taken with the required majority of the votes.
1. Distribution of profit for the year 2011.
1. To approve the net profit of joint stock company "Valmieras stikla skiedra- for the year 2011 of 1 530 795.82 LVL (one million five hundred thirty thousand seven hundred ninety five lats 82 santims). 2. To distribute the net profit for the year 2011 of 1 530 795.82 LVL (one million five hundred thirty thousand seven hundred ninety five lats 82 santims) as follows:
1. To pay 621 483.33 LVL (six hundred twenty one thousand four hundred eighty three lats 33 santims) or LVL 0.026 per one share to shareholders in dividends, setting June 29, 2012 as the date of calculation of dividends and July 6, 2012 as the date of payment of dividends. 2. To leave undistributed and use LVL 909 312.49 (nine hundred nine thousand three hundred twelve lats 49 santims) for the development of joint stock company "Valmieras stikla skiedra" with the aim to increase joint stock company "Valmieras stikla skiedra" competitiveness.
Voting results: decision is taken with the required majority of the votes.
1. Election of the auditor for the audit of Annual Report for the year 2012 and determination of the remuneration for the auditor.
1. To elect audit company "Deloitte Audits Latvia" SIA (commercial company licence No. 43) as auditor of the Annual Report of joint stock company "Valmieras stikla skiedra" for the year 2012. 2. To determine that the remuneration of the auditor for the audit of Annual report for the year 2012 shall be set according to the agreement signed between the auditor and joint stock company "Valmieras stikla skiedra" on the audit of the Annual Report 2012.
Voting results: decision is taken with the required majority of the votes.
1. Determination of the remuneration for members of the Supervisory Board.
1. For the results of the year 2011 of the joint stock company "Valmieras stikla skiedra" to pay additional remuneration in the amount of 1% of the net profit for the year 2011 to each member of the Supervisory Board. 2. To determine that for the duties during the year 2012, each member of the Supervisory Board of joint stock company "Valmieras stikla skiedra" shall receive a remuneration in the amount of LVL 1500 (one thousand five hundred lats) for each attended Supervisory Board meeting.
Voting results: decision is taken with the required majority of the votes.
1. Election of the Audit committee and determination of the remuneration for the Audit committee.
1. To elect for the office of the member of of joint stock company "Valmieras stikla skiedra" Audit Committee for the term three years, starting on 29 May 2012: 1. Florians Krome; 2. Stefans Preiss-Daimlers; 3. Guntis Strazds. 4. To establish that the meetings of the Audit Committee shall be held in line with necessity of the company; however not less than 3 (three) times a year, but not more frequent than 4 (four) times a year. 5. To determine that for the duties during the year 2012, each member of the Audit Committee of joint stock company "Valmieras stikla skiedra- shall receive a remuneration in the amount of LVL 1 300 (one thousand three hundred lats) for each attended Audit Committee meeting.
Voting results: decision is taken with the required majority of the votes.
Valmiera, May 25, 2012
Chairman of the Management Board A.O.Brutans
Member of the Management Board D.Å anbergs
Inita Martinsone +371 642 02242 +371 29338802
of Annual General Meeting of Shareholders
of joint stock company "Valmieras stikla skiedra" to be held on May 25, 2012
1. Reports of Management Board, Supervisory Board, Audit Committee and statement of Sworn auditor, approval of Annual report for the year 2011.
1. To take notice of the Reports of Management Board, Supervisory Board, Audit Committee and statement of Sworn auditor for the year 2011 of joint stock company "Valmieras stikla skiedra-. 2. To approve the Annual Report of joint stock company "Valmieras stikla saiedra" for the year 2011 prepared by the Management Board of joint stock company "Valmieras stikla skiedra" and revised by the Supervisory Board of joint stock company "Valmieras stikla skiedra-.
Voting results: decision is taken with the required majority of the votes.
1. Distribution of profit for the year 2011.
1. To approve the net profit of joint stock company "Valmieras stikla skiedra- for the year 2011 of 1 530 795.82 LVL (one million five hundred thirty thousand seven hundred ninety five lats 82 santims). 2. To distribute the net profit for the year 2011 of 1 530 795.82 LVL (one million five hundred thirty thousand seven hundred ninety five lats 82 santims) as follows:
1. To pay 621 483.33 LVL (six hundred twenty one thousand four hundred eighty three lats 33 santims) or LVL 0.026 per one share to shareholders in dividends, setting June 29, 2012 as the date of calculation of dividends and July 6, 2012 as the date of payment of dividends. 2. To leave undistributed and use LVL 909 312.49 (nine hundred nine thousand three hundred twelve lats 49 santims) for the development of joint stock company "Valmieras stikla skiedra" with the aim to increase joint stock company "Valmieras stikla skiedra" competitiveness.
Voting results: decision is taken with the required majority of the votes.
1. Election of the auditor for the audit of Annual Report for the year 2012 and determination of the remuneration for the auditor.
1. To elect audit company "Deloitte Audits Latvia" SIA (commercial company licence No. 43) as auditor of the Annual Report of joint stock company "Valmieras stikla skiedra" for the year 2012. 2. To determine that the remuneration of the auditor for the audit of Annual report for the year 2012 shall be set according to the agreement signed between the auditor and joint stock company "Valmieras stikla skiedra" on the audit of the Annual Report 2012.
Voting results: decision is taken with the required majority of the votes.
1. Determination of the remuneration for members of the Supervisory Board.
1. For the results of the year 2011 of the joint stock company "Valmieras stikla skiedra" to pay additional remuneration in the amount of 1% of the net profit for the year 2011 to each member of the Supervisory Board. 2. To determine that for the duties during the year 2012, each member of the Supervisory Board of joint stock company "Valmieras stikla skiedra" shall receive a remuneration in the amount of LVL 1500 (one thousand five hundred lats) for each attended Supervisory Board meeting.
Voting results: decision is taken with the required majority of the votes.
1. Election of the Audit committee and determination of the remuneration for the Audit committee.
1. To elect for the office of the member of of joint stock company "Valmieras stikla skiedra" Audit Committee for the term three years, starting on 29 May 2012: 1. Florians Krome; 2. Stefans Preiss-Daimlers; 3. Guntis Strazds. 4. To establish that the meetings of the Audit Committee shall be held in line with necessity of the company; however not less than 3 (three) times a year, but not more frequent than 4 (four) times a year. 5. To determine that for the duties during the year 2012, each member of the Audit Committee of joint stock company "Valmieras stikla skiedra- shall receive a remuneration in the amount of LVL 1 300 (one thousand three hundred lats) for each attended Audit Committee meeting.
Voting results: decision is taken with the required majority of the votes.
Valmiera, May 25, 2012
Chairman of the Management Board A.O.Brutans
Member of the Management Board D.Å anbergs
Inita Martinsone +371 642 02242 +371 29338802
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