Draft resolutions of the Annual General Meeting of Shareholders of JSC “Rīgas elektromašīnbūves rūpnīca” to be held on June 8th, 2018

 | Source: Rigas elektromašinbuves rupnica Rigas elektromašinbuves rupnica

Agenda:

  1. Report of the Board of Directors concerning the Company’s performance in 2017.
  2. Sworn auditor’s report.
  3. Company’s Supervisory Board, which performs Audit Committee duties, statement for year       2017.
  4. Review and approval of the Company’s annual report for 2017.
  5. Appointment of the sworn auditor for 2018 and setting auditor’s remuneration.
  6. Issuance of debt securities.

   (1) Report of the Board of Directors concerning the Company’s performance in 2017

   Draft resolution:

The meeting has taken notice of the report of the Board of Directors.

   (2) Sworn auditor’s report

   Draft resolution:

The meeting has taken notice of the report of the sworn auditor Grant Thornton Baltic Ltd.

   (3) Company’s Supervisory Board, which performs Audit Committee duties, statement for year 2017

   Draft resolution:

Accept Company’s Supervisory Board, which acts as the Audit Committee duties, statement for year 2017

   (4) Review and approval of the Company’s annual report for 2017.

   Draft resolution:

Approve the annual report of the JCC „Rīgas elektromašīnbūves rūpnīca”  for 2017, i.e., balance sheet, profit or loss statement, statement of changes in equity, cash flow statement, notes, appendices, and report of the Management. Approve the consolidated annual report for 2017. Allocate the profit of the Holding Company earned in 2017 in the amount of EUR 1,462,712 for development of the Company.

   (5) Appointment of the sworn auditor for 2018 and setting auditor’s remuneration

   Draft resolution:

As a sworn auditor for 2018, appoint Grant Thornton Baltic Ltd, unified registration No 50003619401, registered address: 22 Blaumana Street, Riga, LV-1011, license No 155 of the commercial company of sworn auditors, sworn auditor Silvija Gulbe, certificate No 142. Set remuneration for auditing of the consolidated annual report and a separate annual report of the Company in the amount of EUR 12,000.00, exclusive of VAT.

   (6) Issuance of debt securities

   Draft resolution:

To finance the manufacture of electric equipment and to refinance the current loan, in 2018 the Company shall issue bonds with the following terms:

Issuance volume: EUR 10,000,000

Maturity: in 5 years

Coupon rate: 5-7%

Interest payment intervals: 6 months

 

         TAMĀRA ROGOVA
         AS "Rīgas elektromašīnbūves rūpnīca"
         juriste
         tālr. +371 67381712, +371 27001052
         mail: tamara.rogova@rer.lv