Tallinn, Estonia, 2012-06-07 15:00 CEST (GLOBE NEWSWIRE) --
The general meeting of shareholders of AS Järvevana were held on June 7th 2012 and the following decisions were made:
1. Approval of the annual report of the year 2011
The general meeting of shareholders decided to approve the annual report of AS Järvevana for 2011.
2. Decide to cover the loss / distribute the profit and increase the statutory reserve capital
The general meeting of shareholders decided to adopt the following resolutions:
- approve the net loss for the year 2011 as 7,196 Euros;
- cover the net loss for the year of 2011 from the retained earnings of previous periods;
- not to pay dividends to shareholders;
- increase the statutory reserve capital by 68,764 Euros out of the retained earnings from previous periods. After the loss from the 2011 financial year has been covered and the statutory reserve capital has been increased, the residue of the retained earnings from previous periods will be 1,622,248 Euros.
3. Appointment of auditor for the financial year of 2012
The general meeting of shareholders decided to appoint AS PricewaterhouseCoopers the auditor of AS Järvevana for the financial year of 2012 and to pay to the auditing company for auditing the financial year of 2012 as per contract to be entered into with AS PricewaterhouseCoopers.
Toomas Annus
Member of the Management Board
+372 6 805 400
toomas.annus@merko.ee