Premia Foods Announces Resolutions of EGM

OREANDA-NEWS. The extraordinary General Meeting of shareholders (the General Meeting) of AS Premia (register code 11560713, address Betooni 4, 11415 Tallinn, Estonia; Premia) was held today, 30.10.2014, starting at 10.00 a.m. in the conference hall "Beta" of the hotel „Radisson Blu Olümpia" (address Liivalaia 33, 10118 Tallinn, Estonia).

The General Meeting started at 10.00 a.m. and ended at 10.28 a.m. Altogether 33 shareholders whose shares represent 31 203 962 votes, representing 80,80% of the share capital of Premia, whereas Premia's own shares were excluded from the quorum, participated at the General Meeting. Therefore, the General Meeting of Premia was eligible to adopt resolutions in respect of the items on the agenda of the General Meeting.

The agenda of the General Meeting was the following:

1. Sale and Transfer of Significant Subsidiary;

2. Amendment to Articles of Association.

The following resolutions were adopted by the General Meeting:

1. Sale and Transfer of Significant Subsidiary

The General Meeting resolved to approve the contemplated transaction of sale and transfer of significant subsidiary of AS Premia Foods AB Premia KPC in accordance with the terms and conditions of the contemplated transaction of sale and transfer of significant subsidiary of AS Premia Foods as made available to the shareholders at the website of AS Premia Foods www.premiafoods.eu together with convening the extraordinary General Meeting of shareholders and as presented to the shareholders in the course of the extraordinary General Meeting of shareholders.

2. Amendment to Articles of Association

The General Meeting Resolved to approve the amendment of the Articles of Association of AS Premia Foods and to adopt the Articles of Association of AS Premia Foods in the form made available to the shareholders at the website of AS Premia Foods www.premiafoods.eu and as presented to the shareholders in the course of the extraordinary General Meeting of shareholders.

The only amendment to the Articles of Association is the change of the business name of Premia, the new business name is AS PRFoods.

Tabulation of votes:

The resolutions were adopted at the General Meeting following the procedure for passing of resolutions set forth in laws and in the Articles of Association of Premia.