SAF Tehnika

AGM Information • Nov 14, 2016

Draft resolutions for annual shareholders meeting to be held on 28 November, 2016

Draft resolutions of ordinary shareholders meeting of "SAF Tehnika" JSC to be held on 28 of November, 2016 are the following:

1.The approval of the reports of the Board of Directors and Supervisory Council.

Decision: to approve the reports of the Board of Directors and the Supervisory Council for financial year 2015/2016. 

2.The approval of the annual financial statements for financial year 2015/2016 and release the Board of Directors from responsibility for financial year 2015/2016. 

Decision: to approve the consolidated and separate financial statements of “SAF Tehnika” JSC for financial year 2015/2016 and release the Group`s Board of Directors from responsibility for financial year 2015/2016. 

3.Adoption of the decision of the allocation of the profit from FY 2015/2016.

Decision: to pay in dividends an amount of EUR 0.34 (thirty four cents) per share or EUR 1 009 861, 20 (one million nine thousand eight hundred sixty one euro   and   twenty cents) in total. 

The expected date of record: 12 December, 2016.

The expected date of payment: 19 December, 2016.

4.Appointment of the auditor for the financial year 2016/2017 and determination of the reward for the auditor.

Decision:  to  appoint “Potapociča un Andersone” Ltd. as the auditor of the “SAF Tehnika” JSC for the financial year 2016/2017 and determine the maximum remuneration for the auditor of the Annual Reports for the financial year 2016/2017 in the amount of EUR 9’000 (nine thousand euro ),  excluding taxes set in the legislation. Authorize the Board of the Group to sign the contract with the elected auditor.

Zane Jozepa

CFO, Member of the Board

+371 67 046 840

Zane.Jozepa@saftehnika.com

www.saftehnika.com