OREANDA-NEWS. April 23, 2015. The Shareholders’ Meeting of Latvenergo AS was held on 20 April 2015 at 11:30 in the premises of Latvenergo.

All shares of Latvenergo AS are owned by the Republic of Latvia and held by the Ministry of Economics of the Republic of Latvia, whose interests in the Shareholders’ Meeting are represented by the State Secretary of the Ministry of Economics or by his authorized representative.

The resolutions adopted in the Annual Shareholders’ Meeting:

1. To approve financial statements are prepared in accordance with the International Financial Reporting Standards as adopted by the European Union;

2. To approve „Latvenergo Group Consolidated Annual Report 2014”, which financial statements are prepared in accordance with the International Financial Reporting Standards as adopted by the European Union;

3. To approve [Latvenergo Public Limited Company Annual Report 2014], prepared in accordance with the Annual Accounts Law;

4. To approve „Latvenergo Group Sustainability and Annual Report 2014”;

5. To approve the distribution of net profit of Latvenergo AS for the year 2014 of EUR 34,976,546 as follows:

1) EUR 31,478,891 to be paid out to the state in dividends;

2) EUR 3,497,655 to be transferred to Latvenergo AS reserves for further development of the capital company;

6. To appoint ERNST & YOUNG BALTIC SIA to conduct the audit of Latvenergo AS for the year 2015, determining a remuneration of the auditor up to EUR 37,650 excl. VAT.