Reports of Board, Supervisory Council, Audit Committee and statement of Sworn auditor.

To take notice of the reports of the Board, the Supervisory Council, the Audit Committee and the statement of the sworn auditor of joint stock company Grindeks.

Approval of Annual report for the year 2011.

To approve the following Annual Reports for the year 2011 prepared by the Board of joint stock company Grindeks and revised by the Supervisory Council of joint stock company Grindeks:

  1. Annual Report for the year 2011 of joint stock company Grindeks prepared in accordance with the legislative acts of the Republic of Latvia;
  2. Consolidated annual Report for the year 2011 of joint stock company Grindeks prepared in accordance with International Financial Reporting Standards (IFRS).

Voting results:  decision is taken with the required majority of the votes.

 

Distribution of profit for the year 2011.

  1. To approve the net profit of joint stock company Grindeks for the year 2011 in amount of  6 622 327 LVL.
  2. To leave undistributed the profit for the year 2011 and to use it for the development of joint stock company Grindeks to increase the competitiveness of joint stock company Grindeks.

Voting results:  decision is taken with the required majority of the votes.

Election of auditor and determination of the remuneration for the auditor.

  1. To assign to the Board of joint stock company Grindeks to organise the tender immediately in order to choose the auditor for the audit of the Annual Reports of joint stock company Grindeks for the year 2012.
  2. Based on the results of the tender to authorize the Board of joint stock company Grindeks, with acceptance of the Supervisory Council, to choose the auditor for the audit of the Annual Reports of joint stock company Grindeks for the year 2012.
  3. Based on the results of the tender to authorize the Board of joint stock company Grindeks, with acceptance of the Supervisory Council, to determine the remuneration for the auditor of the Annual Reports for the year 2012 within budget for the year 2012 and not exceeding the amount paid in 2011.
  4. To assign the Board of joint stock company Grindeks to sign the contract with the chosen and accepted by the Supervisory Council auditor for audit of the Annual Reports of joint stock company Grindeks for the year 2012.

Voting results:  decision is taken with the required majority of the votes.

Election of Audit Committee and determination of the remuneration for Audit Committee.

  1. To elect for the office of the member of joint stock company Grindeks Audit Committee for the term three years, starting on  19 June 2012:
    1. Uldis Osis;
    2. Jānis Naglis;
    3. Inna Mačiene.
  2. To determine 2400,- LVL (two thousand four hundred lats) as the annual remuneration fund for the members of the Audit Committee and to authorize the chairperson of the Audit Committee to determine the distribution of the remuneration fund among the members of the Audit Committee.

Voting results:  decision is taken with the required majority of the votes.

Riga, June 19, 2012

The Board of joint stock company Grindeks

Further information:
Laila Kļaviņa
Head of the Communications Department
JSC Grindeks
Phones: (+371) 67083370, (+371) 29256012Fax: (+371) 67083505
e-mail: laila.klavina@grindeks.lv