LIEPĀJAS AUTOBUSU PARKS                                    31.05.2005.



RESOLUTIONS OF JSC ``LIEPĀJAS AUTOBUSU PARKS`` AGM OF SHAREHOLDERS

Unofficial translation by RSE



Resolutions of the JSC ``Liepājas autobusu parks`` AGM of shareholders

1.	To approve Supervisory Board, Management Board and certified auditor’s 

report on 2004 performance. 

2.	To approve JSC “Liepājas autobusu parks” audited Annual Report for 2004.

3.To discharge Management Board members J.Jirgens, R.Gailuma, J.Sviklans, 

A.Brazis and A.Rozenbahs from 2004 operations.

4.To approve the distribution of 2004 profit. Net profit LVL 134,135; the 

part of net profit LVL 134,135, to be paid in dividends as of April 22, 2005 

(LVL 0.21 per share)  to be spent on purchase of buses.

5.To approve 2005 budget and operational plan.

Planned revenues in 2005: 3 004 00 LVL

Expenses: 2 950 400 LVL

Main priorities in 2005

-production quality harmonization in accordance with EU directives and regulations

-staff qualification according to needs



6.To elect M.Jansone a certified auditor for 2005 accounts. In accordance with 

budget of 2005, the compensation of the auditor shall be LVL 1200 (one thousand 

two hundred lats).



7.Considering the resignation letter of the Supervisory Board member 

A.Rozenbahs, to elect the Supervisory Board: 

1.Juris Jirgens 

2.Andris Brazis 

3.Rita Gailuma 

4.Jānis Sviklans

5 A.Henzelis

The Chairman of the Supervisory Board shall receive a remuneration of LVL 75 

(Netto) per month and members – LVL 50 per month.



8.1. to approve the following amendments to the charter of the JSC “Liepājas 

autobusu parks”, accepted at the AGM of November 4, 2002 and registered at the 

Commercial Register on January 3, 2003. 

1.1 to formulate article 5.1 as follows: 

“5.1. The Management Board of the company consists of 3 (three) members. The 

chairman of the Management board is appointed by the Supervisory Board”.

1.2 to formulate article 5.2 as follows:

“5.2 the member of the Management Board has rights to represent the company 

separately without restrictions”.

2.to approve the Charter in the new wording.

3.to acknowledge ineffective the Charter, approved at the AGM on November 4,  

2002 and registered at the Commercial Register on January 3, 2003.