OREANDA-NEWS. The following decisions have been adopted by the extraordinary meeting of shareholders:

1.     Election of the Council.

1.1. To elect the Council of JSC “Olainfarm” consisting of the following members for the further term of five years, setting that term of the Council powers commences on August 16th, 2016

Name, last name:

1. Aleksandrs Raicis

2. Geliia Gildeeva

3. Gunta Veismane

4. Ivars Godmanis

5. Valentina Andrejeva.

2.1. To amend Articles of Association of JSC “Olainfarm” as:

2.1.1. To express article 4. of the Articles of Association as follows:

„4. Management Board

Company’s Management Board consists of seven members of the Management Board. Members of the Management Board are elected by the Council. From among the members of the Management Board a Chairperson of the Management Board is appointed by the Council. Chairperson of the Management Board and three members of the Management Board have unlimited rights to represent the Company separately. Remaining three members of the Management Board have the right to represent the Company only jointly.”

Voting: the resolution was adopted with the necessary majority of votes.

2.1.2. To express article 6.2. of the Articles of Association as follows:

„6.2. Members of the revision commission are elected at the shareholders meeting for 2 (two) years term”.

Voting: the resolution was adopted with the necessary majority of votes.

2.2. To approve the new edition of Articles of Association JSC “Olainfarm”.To take notice of the Report of the Auditing Committee on activities in 2015.

Voting: the resolution was adopted with the necessary majority of votes.