OREANDA-NEWS. Approved at the meeting of the Board of joint stock company”Grindeks” on 8 December 2014

 DRAFT RESOLUTION

of the Extraordinary General Meeting of Shareholders
of joint stock Company "Grindeks" to be held on 22 December 2014

 

  1. Distribution of the profit for the year 2013.
    2. 1) Continuing evaluation of possible investment projects in Russia and considering current financial results of 2014, as well as taking into account the unstable economic environment and devaluation of national currencies in the current main markets of joint stock company “Grindeks”, profit for the year 2013 in the amount of EUR 9 986 053 (LVL 7 018 238) leave undistributed and use for the development of joint stock company “Grindeks” with the aim to increase competitiveness of joint stock company “Grindeks”.

The Board of joint stock company “Grindeks”

The joint stock company “Grindeks” informs, that the shareholder of JSC "Grindeks" Mr. Kirovs Lipmans (represents voting capital of the company in the total amount of 33.29%) has submitted following draft resolution for the extraordinary shareholders meeting to be held on 22 December 2014:

  1. Distribution of the profit for the year 2013.
    2. To distribute the profit of the joint stock company “Grindeks” for the year 2013 in the amount of EUR 9 986 053 (LVL 7 018 238) as follows:
    1) To pay in dividends to shareholders from the net profit for the year 2013 EUR 1.04 (LVL 0.73) per one share. The total amount to be paid in dividends: 9 968 400 (LVL 7 005 831).
    2) To set 14 January 2015 as the dividend record date and 21 January 2015 as the dividend payment date.
    3) To leave undistributed rest of the profit in the amount of EUR 17 653 (LVL 12 407).