AS KALEV

ANNOUNCEMENT

29.06.1999

 

RESOLUTIONS OF THE ANNUAL GENERAL MEETING OF AS KALEV SHAREHOLDERS 

 

26 shareholders representing 6 042 140 shares (76.1% of votes 

represented by shares) participated in the annual general meeting 

of 

AS Kalev shareholders.

 

The annual general meeting of AS Kalev shareholders resolved to 

adopt 

the company’s annual report, amendments to the Articles of 

Association and cover the company’s 1998 loss according to the 

Management Board’s proposals for the annual general meeting (see AS 

Kalev announcement of 15.06.1999).

 

In addition to previously published amendment proposals to the 

company’s Articles of Association, the Management Board also 

proposed 

an additional amendment to article 1 of §8. The AGM adopted the 

following redaction:

"Any member of the Company’s Management Board can represent the 

Company in legal proceedings; provided that the Management Board 

consists of three or more members, then the Company can be 

represented by the Chairman of the Management Board or two 

Management 

Board members together ". 

 

The AGM did not discuss election of a new member to the company’s 

Supervisory Board.

 

 

Tiina Altmets

Information Manager

+372 6508 711