OT Grupa                                                              28.07.2005



JSC “OT Grupa” reasons of postponing extraordinary general meeting of shareholders



During JSC ”OT Grupa” Annual general meeting of shareholders which took place on 

June 21, 2005, one of shareholders suggested to postpone issue on approval of 

Annual Report 2004.

On June 22, 2005, the Management Board of the company decided to organize the next 

meeting of shareholders on July 27, 2005 and on the same day submitted the 

announcement for publishing to the official newspaper “Latvijas Vēstnesis” to 

accept the publication.

Taking into account that June 23 and 24 are national holidays, the announcement on 

the meeting to take place on July 27 was published in the newspaper only on June 

28. 

On July 26, 2005, JSC “OT Grupa” received a letter from one shareholder, which 

states it is not possible to held the annual general meeting of shareholders on 

July 27. The official reason is that the announcement of the meeting was 

published in the newspaper “Latvijas Vēstnesis” 29 days before the meeting, not 

30 days as it is supposed to be according to the law. 

Taking into account the above mentioned reason and in order not to conflict on 

legality of the JSC “OT Grupa” general meeting of shareholders, the management of 

the company decided to postpone review of the agenda to the general meeting of 

shareholders, which will take place on August 30, 2005. 



Unofficial translation by RSE