Last update: 23.01.2021 15:37 (GMT+2)

Baltika: decisions of annual general meeting of shareholders

31.03.2000, Baltika, TLN
BALTIKA
ANNOUNCEMENT

DECISIONS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

On 31.03.2000 the annual general meeting of AS Baltika shareholders :

1. Adopt the 1999 annual report and auditor's report.

2. Approve the profit allocation proposal as follows:
2.1. pay EEK 2,400,000 in dividends, i.e. EEK 0.50 per share;
transfer EEK 17,415,885 to retained earnings
2.2. list of shareholders will be closed for dividend payments
on 15.04.2000, at 8:00 a.m.
2.3. dividend payments will be made within two months.

3. Appoint Urmas Kaarlep and Hanno Lindpere of AS PriceWaterhouseCoopers
to audit the company's financial reports in years 2000-2002.

4. Remunerate the Supervisory Board members as follows:
4.1. Supervisory Board chairman: 15% of CEO's monthly salary,
4.2. Supervisory Board members: 10% of CEO's monthly salary.

Management Board forecasts to earn EEK 240 million in revenues and
EEK 23.5 million of operating profit in year 2000.

45 shareholders attended the meeting, representing a total of 3,120,601
shares or 65.0125% of total votes.


Ülle Järv
Member of the Management Board
+372 63 02 741

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