Last update: 22.07.2024 03:11 (GMT+3)
On January 19, 2004 extraordinary general meeting of JSC "Latvijas
balzams" shareholders took place. 88% of voting shareholders
participated. The meeting made changes to Management Board and
Supervisory Board, and amended the Charter by complementing it with an
item "additional lines of business".
Changes in Management Board and Supervisory Board
It was resolved to revoke Juris Gulbis, the former CEO, from Management
Board. Valižans Abidovs, advisor to the General Director on production
matters, was elected a Management Board member.
The meeting revoked Supervisory Board members Eric Stuart Whitman, Hans
Emanuel Urlus and Kaspars Ieviņš-Brambis. Juris Gulbis, S.P.I Group
President, Alexey Oliynik and Yury Shefler were elected Supervisory
Board members.
Complementing the Charter
The meeting approved amendments to Charter: to add "55.1 Hotels" to
Article 1.8, non-core business part.
Last year the company has invested over EUR 7 million into increase of
output capacities and to adjust the manufacturing to the increasing
market demand in low-alcohol drinks and large-scale export orders. The
company has doubled the output capacities.
Subsequent to the share buyout in 2003, "S.P.I. Distilleries.B.V.",
holding 6,595,745 shares or 87.98% of share capital, is the company
main shareholder.