DRAFT RESOLUTIONS of the Annual General Meeting of Shareholders of JSC „Olainfarm” to be held on September 22, 2020
of the Annual General Meeting of Shareholders of JSC „Olainfarm” to be held on September 22, 2020
1. Report of the Board on results of operations in 2019.
To take notice of the Report of the Board of the JSC “Olainfarm” on results of operations in 2019.
2. Report of the Council on results of operations in 2019.
To take notice of the Report of the Council of the JSC “Olainfarm” on results of operations in 2019.
3. Approval of the JSC “Olainfarm” Consolidated Annual Report for 2019.
To approve the Consolidated Annual Report of JSC „Olainfarm” for 2019 with profit in amount of EUR 22 239 000,00.
4. Distribution of profit of 2019.
4.1. To pay dividends to the shareholders of the Joint Stock Company" Olainfarm " in amount EUR 4 507 224,96, which amounts to 0,32 euro (thirty two cents) per share, from the undistributed profit of Joint Stock Company "Olainfarm" accrued until December 31, 2017.
4.2. Fix for ex-date (last working day before Record Date): October 7, 2020; for dividend entry date: October 8, 2020; and for the date of dividend payment: October 9, 2020.
4.3. Annual profit of Joint Stock Company "Olainfarm" for year 2019 in amount of EUR 22 239 000,00 to be left undistributed and redirected to the development of the Joint Stock Company "Olainfarm".
5. Repeal of the Regulation of the Auditing Committee and approval of a new Regulation
To cancel the Regulation of the Auditing Committee of the Joint Stock Company Olainfarm dated by June 11, 2015.
6. Approval of remuneration policy of the Council and Board of Joint Stock Company “Olainfarm"
To approve remuneration policy of the Council and Board of Joint Stock Company “Olainfarm”.
7. Raising a claim against previous Board members of the Joint Stock Company “Olainfarm"
7.1. To file a lawsuit for recovery of damages on the basis of Article 169 of the Commercial Law against Olainfarm Board members who were in office at the time of the conclusion contract for the provision of services No. 2-2017 dated January 2, 2017 (hereinafter – the Contract) concluded with Banestar Management Limited, registration number HE142944 (hereinafter – Banestar), and have been involved in the conclusion, continuation (non-termination) of the Contract, insufficient control of its actual execution, and failure to ensure thrifty management; as well as other members of the Board who were in office in later periods and have not acted “as a decent and diligent manager” in relation to the Contract.
7.2. In addition to make an assessment of third parties, including, but not limited to, the necessity of involving in the framework of the court proceedings the insurance companies that provided the Board members (against whom a lawsuit to be filed according the Resolution 7.1 above) liability insurance and, if necessary, to carry out the engagement of third parties in the context of such evaluation, in the framework of the proceedings initiated under the Resolution 7.1 above.
7.3. To stipulate that According to the third paragraph of Article 172 of the Commercial Law, the lawsuit against the members of the Board shall be filed and maintained by the Council.
Board of the JSC “Olainfarm”
Investor Relations Advisor of JSC Olainfarm
Ph.: +371 29178878
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire
Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire
ZetaDisplay launches next generation global software platform25.11.2020 08:30:00 CET | Press release
Malmö - ZetaDisplay AB (publ) (Nasdaq Stockholm: ZETA) announces the launch of its next-generation software platform for proprietary, cloud-based content scheduling and distribution. The upgraded ZetaDisplay Engage will be implemented with immediate effect with the Group’s international customer base. “Despite the uncertainty in the market, we have continued to invest in our software and services offer during 2020 to accelerate growth”, says CEO Per Mandorf. “After 5,000 manhours of development we are now ready to launch the latest version of our content management system steering our customers’ Digital Signage networks”, Mandorf continues. The upgrade will happen in two phases where the initial focus will be on a state-of-the-art user interface together with a future-proof cloud-based solution. The platform offers a broad range of functionality, is easily connectable to customers’ digital ecosystem and can also handle live data. In parallel, a new standard service catalogue has been l
ZetaDisplay lanserar nästa generations globala mjukvaruplattform25.11.2020 08:30:00 CET | Pressemelding
Malmö - ZetaDisplay AB (publ) (Nasdaq Stockholm: ZETA) lanserar sin egenutvecklade nästa generations mjukvaruplattform för schemaläggning och distribution av molnbaserat innehåll. Den uppgraderade mjukvaran ZetaDisplay Engage kommer att implementeras med omedelbar verkan hos koncernens internationella kundbas. "Trots osäkerheten på marknaden har vi fortsatt att investera i vårt mjukvaru- och tjänsteerbjudande under 2020 för att accelerera tillväxten", säger VD Per Mandorf. " Efter 5 000 mantimmar av utveckling är vi nu redo att lansera den senaste versionen av vårt content management system som styr våra kunders Digital Signage-installationer", fortsätter Mandorf. Uppgraderingen kommer att ske i två faser där det inledande fokuset kommer att ligga på ett toppmodernt användargränssnitt tillsammans med en framtidssäker molnbaserad lösning. Plattformen erbjuder ett brett utbud av funktionalitet, är lätt att ansluta till kundernas digitala ekosystem och kan även hantera livedata. Parallell
ArcAroma AB: 201125 Samarbetsavtal med OptiFreeze ökar möjligheten till accelerad tillväxt25.11.2020 08:30:00 CET | Pressemelding
Pressmeddelande 2020-11-25 ArcAroma och OptiFreeze har idag tecknat ett utvärderingsavtal gällande samarbete. Syftet med avtalet är att utvärdera möjligheten till framtida gemensamma projekt för livsmedelsapplikationer. ArcAromas organisation kommer dessutom stödja OptiFreeze i deras marknadsexpansion för snittblommor. ArcAroma har under de senaste åren mer och mer fokuserat på livsmedelssektorn. Bolaget ser en stor potential i denna globala marknad och har olika applikationer under marknadsutveckling och nya i utvecklingsfas. ArcAromas ledning och styrelse ser att ett fördjupat samarbete med OptiFreeze erbjuder en stor potential att skapa ett starkare och konkurrenskraftigare ArcAroma inom livsmedelsteknik. Det tekniska och vetenskapliga kunnandet i respektive bolag är komplementära. ArcAroma har redan ett starkt fokus på olika livsmedel och här skulle OptiFreeze gedigna grundforskning och höga kompetens inom metodutveckling kunna bidra till att bredda applikationsportföljen. ArcAroma
Avance Gas Holding Ltd Reports Unaudited Results for the Third Quarter of 202025.11.2020 08:00:00 CET | Press release
BERMUDA, 25 November 2020 – Avance Gas Holding Ltd (OSE: AVANCE) today reported unaudited results for the third quarter 2020. HIGHLIGHTS An achieved time charter equivalent (TCE) rate of $23,283 on a discharge to discharge basis and $21,524/day on the basis of IFRS 15 accounting standard, compared to $28,453/day and $28,932/day in Q2 2020 respectively.The TCE rates in Q3 reflects ballast cost of approx. $4,000/day, corresponding to an adjusted TCE rate of $27,283 in Q3. The ballast cost will recover into the following quarter.Daily operating expenses (OPEX) were $9,256/day, compared to $8,576/day in Q2 2020. OPEX was impacted by change of technical manager and Covid-19 related crew change expense representing approx. $900/day in Q3.A&G expenses were $727/day, up from $608/day in Q2.Secured funding for predelivery CAPEX of newbuilding program through two transactions In September, the sale of the 2003-built VLGC Avance was successfully completed. Following repayment of debt, the transac
Incap Corporation: Incap Group’s Business Review for January–September 2020: Back on track with good growth and profitability25.11.2020 07:30:00 CET | Press release
Incap Corporation Stock Exchange Release Business Review Q3 2020 25 November 2020 at 8.30 a.m. (EET) Incap Group’s Business Review for January–September 2020: Back on track with good growth and profitability July–September 2020 highlights The revenue of the third quarter amounted to EUR 28.1 million, showing an increase of 59.9% (7– 9/2019: EUR 17.6 million).Excluding revenue from AWS Electronics Group acquired in January 2020, the revenue increased organically by 10.7%.Adjusted EBIT was EUR 3.6 million (EUR 2.4 million), corresponding to 12.9% of revenue (13.7%).AWS Electronics Group acquisition related purchase price allocation (PPA) amortisation amounted to EUR 0.4 million (EUR 0.0 million) and non-recurring costs were EUR 0.0 million (EUR 0.2 million). Operating profit (EBIT) was EUR 3.3 million (EUR 2.2 million), an increase of 46.0%, corresponding to 11.6% of revenue (12.7%).Net profit for the period was EUR 2.4 million (EUR 1.8 million), an increase of 33.7%.In November 2020, In
FRO - Third Quarter and Nine Months 2020 Results25.11.2020 07:29:39 CET | Press release
Frontline Ltd. (the “Company” or “Frontline”), today reported unaudited results for the three and nine months ended September 30, 2020: Highlights Net income of $57.1 million, or $0.29 per diluted share for the third quarter of 2020 Adjusted net income of $56.4 million, or $0.29 per diluted share for the third quarter of 2020Reported total operating revenues of $247.4 million for the third quarter of 2020Reported spot TCEs for VLCCs, Suezmax tankers and LR2 tankers in the third quarter of 2020 were $49,200, $25,100 and $12,800 per day, respectivelyFor the fourth quarter of 2020, we estimate spot TCE on a load-to discharge basis of $22,600 contracted for 74% of vessel days for VLCCs, $12,600 contracted for 61% of vessel days for Suezmax tankers and $13,800 contracted for 65% of vessel days for LR2 tankers. We expect the spot TCEs for the full fourth quarter of 2020 to be lower than the TCEs currently contracted, due to the impact of ballast days at the end of the fourth quarter as well