AS EMV

ANNOUNCEMENT

30.03.99

 

ANNUAL GENERAL MEETING OF AS EMV SHAREHOLDERS

 

The Management Board of AS EMV hereby announces that the annual 

general meeting of AS EMV shareholders will be convened on April 

29,1999, at 16:00, in the hall of the Information and Technological 

Center of the Ministry of Environment, address Rävala pst.8, Tallinn.

 

The registration to participate in the meeting will start at 15:00, 

and end at 15:55.

 

Agenda of the AGM:

 

1. Approval of the 1998 annual report

1.1 Management report

1.2 Financial reports

1.3 Auditor’s report

1.4 Supervisory Board’s report

1.5 Approval of the 1998 annual report

The Management Board proposes to approve the 1998 annual report 

and the activities of the Management and Supervisory Boards of 

AS EMV during the financial year of 1998. 

1.6  Profit distribution

The Management Board proposes to cover the financial loss of 

the year 1998 of AS EMV on the account of retained earnings, 

and not to make dividend payments to the shareholders for year 

1998.

2.  Appointment of auditor, remuneration

The Management Board proposes to appoint Urmas Kaarlep 

(PriceWaterhouseCoopers) to audit the financial reports of AS 

EMV in 1999. The auditor will be remunerated in accordance with 

the agreement made by the Management Board.

3. Amendments to the Articles of Association

3.1. To extend the right given to the Supervisory Board with 

§349 of the Commercial Code, make the following amendments 

to article 4.15 of the company’s Articles of Association in 

the following wording:

4.15.	The Supervisory Board has a right to increase the 

share capital with payments in the total amount of up to 23 

700 000 EEK. The Supervisory Board’s right to increase the 

share capital is valid until 30.04.2000. The payment for 

the shares issued by the Supervisory Board can take place 

in the form of monetary or non-monetary payment.

3.2.  To invalidate article 5.2.5 of the Articles of 

Association. 

4. Changes in the Supervisory Board of AS EMV 

 

Upon registration, the legal representative of a legal person 

shareholder needs to present the documents verifying the 

representation right, including a copy of the Commercial Register 

card (for members of the Management Board); the representative needs 

to present a proxy issued by the Management Board or corresponding 

body, along with the copy of the Commercial Register card. We also 

ask to present an identification document.

 

The natural person shareholder needs to present an identification 

document, the representative also a proxy.

 

The Management Board of announces that starting from 12.04.1999, the 

1998 annual report is available for introduction in AS EMV, address 

Madara 25, Tallinn, II floor.

 

 

Management Board of AS EMV 

 

Marko Kaha

Tel: +372 640 3310, +372 510 9605