OREANDA-NEWS. OJSC "Scientific and Production Association "State Institute of Applied Optics" (OJSC "NPO GIPO"), a Shvabe Holding company, held a meeting of the Board of Director in the form of personal presence.

Several resolutions were adopted at the meeting, including resolutions to elect the Chairman of the Board of Directors, determine a fee payable to the Company's auditors in 2015, and make and approve an amendment and an addition to the resolution on additional issue of the company's securities.