AD Plastik, d.d., Solin The Board Solin, May 27, 2011
INFORMATION
On 26.05.2011, the 19th session of the AD PLASTIK d.d. Supervisory Board was held, during which, among other things, the following decisions were made:
- 1.) The interim reports by the managements of the AD PLASTIK d.d. Group and the Company of AD PLASTIK d.d. for the period from 01.01. to 31.03. 2011 were accepted;
- 2.) The audited annual financial statements of AD PLASTIK d.d. and the audited consolidated annual financial statements of AD PLASTIK Concern for 2010 were adopted;
- 3.) A draft decision regarding payment of dividend was established, which decision is being submitted to the General Assembly for discussion and decision making. According to this draft decision, it was proposed for the shareholders of AD PLASTIK, d.d. (hereinafter: the Company), who will be registered in the depository of the Središnje klirinško depozitarno društvo d.d. on the day of the passing of the mentioned decision on dividend payment by the General Assembly of the Company, which is planned to be held on 14.07.2011, as the holders of the shares, marked as ADPL-R-A, to acquire claims for dividend payment from the profit for the year 2010, as well as from other Company reserves, and that in the amount of HRK 7.50 per share. The claims regarding dividend payment would become due on 13, 08, 2011, and the dividend payment period would last from 03. 08. 2011 to 13. 08. 2011.
- 4.) A draft decision regarding giving the authority to the Board for acquisition of the Company's own shares was established, and is submitted to the General Assembly for discussion and adoption. Pursuant to this draft decision, it is proposed that the Board of AD PLASTIK, d.d. may acquire the Company's own shares within the limits of the proscribed reserves for these shares in line with Section 2, Article 222a of the Company Act. The Company's own shares would be acquired through Zagreb Stock Exchange, at a price which must not be higher than 10% (ten percent), i.e. lower than 10% (ten percent) of the average market price, which has been achieved for these shares at the Zagreb Stock Exchange during the previous trading day. The mentioned authority of the Board to acquire the Company's own shares would last by the end of July 2012. The Board of AD PLASTIK d.d. would be entitled to dispose of the Company's own shares, which the Company already holds or will acquire based on the proposed decision, without needing a special decision by the General Assembly of the Company, whereby - by this decision - the preference right of the existing shareholders is excluded.
- 5.) A member of the Supervisory Board: Ms. Ivka Bogdan, PIN: 18119263619, born on 02.11.1952, from Split, Vrh Visoke 81A, personal identity card No.: 102956194, issued by Split - Dalmatia police department, was appointed as deputy Chairman of AD PLASTIK d.d. Supervisory Board. The selected deputy Chairman shall take office on the day of the passing of this decision.
The Supervisory Board has accepted the documents ad 1) and ad 2) in the wording in which these were published on 29.04.2011.
Board Member Ivica Tolić