VIISNURK

ANNOUNCEMENT

 

RESOLUTIONS OF ANNUAL GENERAL MEETING OF AS VIISNURK

 

The annual general meeting of AS Viisnurk shareholders was held of 

18.03.2000 at 12:00 noon in Pärnu (main hall of AS Sanatoorium 

Tervis).

Altogether 34 shareholders/proxies with 3,052,817 votes attended 

the meeting, representing of 67.85% of total votes.

 

Agenda and resolutions of AGM:

 

1. Adoption of 1999 annual report

The AGM resolved to adopt AS Viisnurk 1999 annual report (net 

profit EEK 26,211,875, and total assets at EEK 179,771,460 as at 

31.12.1999).

 

2. Allocation of profit 

 

Balance of retained earnings account 

at the end of 1999 					27,617,063

Net profit in 1999					26,211,875

To reserve capital 					-1,320,000

Balance of retained earnings account

after adoption of profit allocation proposal            52,508,938

 

 

3. Amendments to the Articles of Association:

 

Former:

3.5. Supervisory Board shall elect the Management Board for tenure 

of three years. The Management Board shall consist of up to 6 (six) 

members. The Management Board shall make resolutions within its 

competence. Supervisory Board shall appoint a chairman to the 

Management Board.

 

New:

3.5. Supervisory Board shall elect the Management Board for tenure 

of three years. The Management Board shall consist of up to 7 

(seven) members. The Management Board shall make resolutions within 

its competence. Supervisory Board shall appoint a chairman to the 

Management Board.

 

 

Andrus Aljas

Chief Financial Officer

+372 44 78 355