The Annual General Meeting of shareholders of JSC “VEF” took place on April 18,
2008. Shareholders meeting approved following decisions:
1. The Reports of the Management Board, the Supervisory Board and the statement
of the sworn auditor.
To take notice of the report of the Management Board, the report of the
Supervisory Board and the statement of the sworn auditor of joint stock company
“VEF”.
2. Approval of Annual report for the year 2007.
To approve the Annual Report of JSC “VEF” for the year 2007 prepared by the
Management Board and revised by the Supervisory Board.
3. Distribution of profit for the year 2007.
The net profit of the year of account of joint stock company “VEF” transfer
into uncovered losses of previous years.
4. Election of the auditor for the audit of Annual Report for the year 2008 and
determination of the remuneration for the auditor.
1) To elect sworn auditor Māra Līgute (licence No. 55) as auditor of the Annual
Report of JSC “VEF” for the year 2008.
2) To determine the remuneration for the auditor for audit of the Annual Report
of JSC “VEF” for the year 2008 in the amount of 1062 LVL, including taxes
provided by the legislative acts.
3) To assign the Management Board of JSC “VEF” to sign the contract with the
elected auditor for audit of the Annual Report of JSC “VEF” for the year 2008.
5. Increase of the share capital.
1) To increase the share capital of JSC „VEF” by 2'000'000 LVL (two million
lats) up to 3'829'908 LVL (three million eight hundred twenty nine thousand
nine hundred eight lats).
2) To approve rules of increase of the share capital of JSC „VEF”.
6. Amendments to the articles of association.
To define the Clause 3.1. of the articles of association of JSC “VEF” in the
following wording: “The share capital of the company is 3'829'908 LVL (three
million eight hundred twenty nine thousand nine hundred eight lats). The share
capital of the company consists of 623'528 (six hundred twenty three thousand
five hundred twenty eight) bearer shares and 3'206'380 (three million two
hundred six thousand three hundred eighty) registered shares (hereafter -
share). Nominal value of each share is 1 LVL (one lat).
Riga, April 18, 2008
The Management Board of JSC „VEF”
