Market announcement

Title

Notice of convening annual general meeting of shareholders of AS PRFoods

Message

Tallinn, Estonia, 2017-05-09 21:08 CEST (GLOBE NEWSWIRE) --


AS PRFoods (registry code 11560713, of Viru 10, 10140 Tallinn, Estonia), hereby
announces the annual general meeting of shareholders. This meeting will be held
on the 30th of May, 2017 at 3 p.m. in the conference room “Arcturus” at the
Nordic Hotel Forum hotel (address: Viru väljak 3, Tallinn, Estonia). 

The list of shareholders entitled to vote at the general meeting will be
determined seven days before the meeting, i.e. by 11:59 p.m. on the 22nd of
May, 2017. 

Registration to attend the meeting will start at the location of the meeting on
the 30th of May, 2017 at 2 p.m. and will finish at 3 p.m. 

In order to register, shareholders are asked to bring the following documents:

  -- Shareholders who are private individuals must bring a passport or
     government-issued identity card. A representative of a shareholder must
     also submit a written power of attorney in written form which authorizes
     the proxy to attend and/or vote on the shareholder’s behalf.
  -- Representatives of shareholders that are legal entities must bring an
     extract from the respective register where the legal entity is registered
     which confirms the authority of the legal entity’s representative to
     represent the legal entity (representation by virtue of law). The
     representative must also bring a passport or government-issued identity
     card. If the legal entity is represented by a person who is not the legal
     representative of the legal entity, a written power of attorney is also
     required. The documents of a shareholder located abroad shall be legalized
     or certified with an apostille, unless a relevant international agreement
     stipulates otherwise.

Prior to the annual general meeting, a shareholder may notify AS PRFoods of the
appointment of a representative or revoke authorisation of a given
representative by sending a digitally signed notice to AS PRFoods by e-mail to
[email protected] or by delivering the respective document(s) personally on
business days from 10 a.m. to 4 p.m. at the location of the Company at Viru 19,
10140 Tallinn by 4 p.m. on the 25th of May, 2017. 

According to the decision of the supervisory board of AS PRFoods dated the 8th
of May, 2017, the agenda of the annual general meeting along with the proposal
of the supervisory board is as follows: 

1. Approving the Company’s 2016 annual report
The supervisory board of AS PRFoods proposes to the annual general meeting to
approve the annual report of the Company for the financial year 2016 in the
form submitted to the annual general meeting. 

2. Decision on sharing the profit
The net profit of AS PRFoods was 715,000 euros in year 2016 and retained profit
as at the 31st of December, 2016 is EUR 1,881,000. 

The supervisory board of AS PRFoods proposes to the annual general meeting to
transfer 1/20 of the net profit, EUR 35,750 to the reserve and not to
distribute the remaining profit. 

3. Appointment of auditor for the financial year 2017 and determining auditor’s
remuneration 
The supervisory board of AS PRFoods proposes the appointment of AS
PricewaterhouseCoopers as auditor of AS PRFoods for the financial year 2017 and
to determine the remuneration of the auditor pursuant to the agreement to be
executed with the auditor. 



All documents relating to annual general meeting of shareholders of AS PRFoods,
including the 2016 annual report of the Company, the sworn auditor’s report,
proposal on covering the loss and the draft resolutions are made available at
the website of AS PRFoods www.prfoods.ee from the date of publication of this
notice. 

This announcement of the annual general meeting as well as the total number of
shares and voting rights relating to shares as of the date of publication of
the announcement will also be published on the website of AS PRFoods
www.prfoods.ee. 

Inquiries regarding the agenda of the annual general meeting of shareholders
can be sent to the e-mail address [email protected] 

A shareholder has the right to receive information about the activities of AS
PRFoods from the management board at the general meeting. However, the
management board may refuse to disclose the information if there are sufficient
grounds to presume that the disclosure may adversely affect the interests of
the company. If the management board refuses to disclose the information, the
shareholder may compel the general meeting to decide on the lawfulness of the
shareholder's request or file within two weeks a petition to a court in order
to oblige the management board to disclose the information. 

Shareholders whose shares represent at least 1/20 of the share capital of AS
PRFoods may propose draft resolutions with respect to each item on the agenda
at least 3 days prior to the annual general meeting, i.e. by the 24th of May,
2017, by submitting a proposal in writing to the following address: AS PRFoods,
Viru 19, 10140 Tallinn, Estonia. 

Shareholders whose shares represent at least 1/20 of the share capital of AS
PRFoods may request that additional items be added to the agenda of the annual
general meeting if the request is submitted at least 15 days prior to the
General Meeting, i.e. by the 15th of May, 2017, in writing to the following
address: AS PRFoods, Viru 19, 10140 Tallinn, Estonia. 

The general meeting of the shareholders of AS PRFoods will be broadcasted and
additional questions will be answered during the broadcast via web solution 

We are committed to full business transparency and therefore the general
meeting of the shareholders will be broadcasted and questions will be answered
during the broadcast. 

The live broadcast will be hosted by the Member of the Board Indrek Kasela, who
will share information in regards to agenda of the general meeting and
introduce the results of the company for the year 2016. Shareholders may send
their questions before the broadcast until May 26th by 23.59 by email
[email protected] or ask questions during the broadcast via web solution. 

To join the broadcast, please register by 26th May by 23.59 via email
[email protected]. The list of shareholders entitled to monitor the meeting via
live broadcast and ask questions will be fixed on 22 May 2017 at 23:59. After
registration you will be provided with instructions how to join the broadcast
and ask questions during the meeting. Exercising shareholder´s rights (i.e.
voting) is not possible via live broadcast. 

The broadcast of the shareholders meeting will be recorded and will be
available online for everyone at the company’s website on www.prfoods.ee. 

Indrek Kasela
AS PRFoods
Member of the Management Board
T: (+372) 6 033 800
[email protected]
www.prfoods.ee