The Board of joint stock company Grindeks (Unified Reg. No. 40003034935, Legal address: 53 Krustpils St., Riga, LV – 1057, Latvia) announces that based on the request of shareholder “ABLV Private Equity Fund 2010”, KS (Unified Reg. No. 40103307758, Legal address: 23 Elizabetes St., Riga, LV – 1010, Latvia), which represents voting capital of joint stock company Grindeks in the total amount of 22.66%, the agenda of joint stock company Grindeks Annual General Meeting of shareholders that will take place on 10 June 2014 at 11 a.m. at premises of joint stock company Grindeks, 53 Krustpils street, Riga, Latvia is complemented with additional item “5. Recall of the Supervisory Council and election of new Supervisory Council”.

 

The shareholder “ABLV Private Equity Fund 2010”, KS has submitted following draft resolution proposals:

A. To take the following decision on the third item “Distribution of the profit for the year 2013”:

  1. To approve the net profit of joint stock company Grindeks for the year 2013 in amount of EUR 9 986 053.
  2. To pay in dividends to shareholders from the net profit for the year 2013 EUR 0.52 per one share and to leave undistributed rest of the profit and to use it for the development of joint stock company Grindeks to increase the competitiveness of joint stock company Grindeks. The total amount to be paid in dividends EUR 4 984 200.
  3. To propose the 26th of June 2014 as a record date for dividends and the 30th of June 2014 as the date of payment of dividends.

B. To take the following decision on the fifth item ”Recall of the Supervisory Council and election of new Supervisory Council” in accordance with the procedure established in the Commercial Law regarding nominations of Supervisory Council member candidates:

  1. To recall Supervisory Council members Jānis Naglis, Uldis Osis, Kirovs Lipmans, Anna Lipmane un Arkadiy Vertkin from the office of the members of joint stock company Grindeks Supervisory Council.
  2. To elect for the office of the member of joint stock company Grindeks Supervisory Council for the term three years, starting on 10 June 2014:
    • Kirovs Lipmans;
    • Anna Lipmane;
    • Uldis Osis;
    • Arkadiy Vertkin;
    • Agris Grīnbergs.

The shareholder “ABLV Private Equity Fund 2010”, KS has nominated Agris Grīnbergs as a candidate of the member of joint stock company Grindeks Supervisory Council, CV as attached.

On 30 April 2014, joint stock company Grindeks published draft resolutions of Annual General Meeting, approved at the meeting of the Board of joint stock company Grindeks on 29 April 2014 and revised at the meeting of the Supervisory Council of joint stock company Grindeks on 29 April 2014.