The annual general meeting of shareholders (the Meeting) of AS PRFoods (the
Company) was held on 30(th) November 2018 in the conference room "Beta" at hotel
"Radisson Blu Hotel Olümpia", located at Liivalaia 33, Tallinn, Estonia.
The Meeting started at 11:00 and ended at 12:02. 21 shareholders, holding
26,066,058 shares, attended the Meeting representing 69.17% of the total votes
represented by all the shares with voting rights. Therefore, the Meeting was
competent to pass resolutions.
The following resolutions were passed at the Meeting:
1. Approving the Company's 2017/2018 annual report (18 months)
The shareholders decided to approve the annual report of the Company for the
financial year 2017/2018 in the form submitted to the annual general meeting.
Voting results:
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Votes No of Votes Proportion to total votes (%)
-------------------------------------------------------------
In favour 26,064,058 99.99%
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Against 0 0.00%
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Impartial 2,000 0.01%
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Did not vote 0 0.00%
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Total 26,066,058 100.00%
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2. Deciding on sharing the profit
The shareholders decided:
(a) To confirm the net profit of the financial year of 2017/2018 (18 months) in
amount of 57,000 euros and retained earnings of AS PRFoods of 1,904,000 euros as
at 30 June 2018;
(b) To transfer 1/20 of the net profit in amount of 2,850 euros to statutory
reserve capital;
(c) To pay dividends in amount of 386,829 euros on account of the retained
earnings, i.e. 0.01 euros per one share:
? the shareholders entered to the share register of AS PRFoods as at the end of
workday of accounting system on 28(th) December 2018 have the right to
dividends;
? based on the above the date of changing of rights attached to shares (ex-date)
is 27(th )December 2018 - from that date the person having acquired the shares
is no more entitled to receive dividends for the financial year of 2017/2018;
? dividends are paid to the shareholders on 5(th) April 2019, by transferring
the relevant amount to the bank account attached to the securities account of
the shareholder.
(d) not to distribute the remaining net profit.
Voting results:
-------------------------------------------------------------
Votes No of Votes Proportion to total votes (%)
-------------------------------------------------------------
In favour 26,058,858 99,97%
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Against 0 0%
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Impartial 7,200 0,03%
-------------------------------------------------------------
Did not vote 0 0.00%
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Total 26,066,058 100.00%
-------------------------------------------------------------
3. Appointment of auditor for the financial year 2018/2019 and determining
auditor's remuneration
The shareholders decided to appoint AS PricewaterhouseCoopers (register code
10142876) as the Company's auditor for the financial year 2018/2019 and to
determine the remuneration of the auditor pursuant to the agreement to be
executed with the auditor
Voting results:
-------------------------------------------------------------
Votes No of Votes Proportion to total votes (%)
-------------------------------------------------------------
In favour 26,056,218 99,96%
-------------------------------------------------------------
Against 0 0.00%
-------------------------------------------------------------
Impartial 9,840 0,04%
-------------------------------------------------------------
Did not vote 0 0.00%
-------------------------------------------------------------
Total 26,066,058 100.00%
-------------------------------------------------------------
All decisions at the meeting were adopted in accordance with the stipulations
of the law and Company's articles of association.
Indrek Kasela
AS PRFoods
Member of the Management Board
Phone: +372 452 1470
investor@prfoods.ee
www.prfoods.ee
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