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 2017/2018.
2. The approval of the annual financial statements for financial year 2017/2018 and release the Board of Directors from responsibility for financial year 2017/2018.
Decision: to approve the consolidated and separate financial statements of “SAF Tehnika” JSC for financial year 2017/2018 and release the Group`s Board of Directors from responsibility for financial year 2017/2018.
3. Covering of losses incurred in FY 2017/2018 by undivided profit from previous periods and retaining the part of undivided profit from previous periods as retained earnings.
Decision: Cover the losses of the “SAF Tehnika” JSC incurred in financial year
2017/2018 in amount of EUR 199 478 (one hundred ninety nine thousand four hundred seventy eight euros ) by retained earnings from previous periods. Retain the part of undivided profit from previous periods in amount of EUR 2 738 484 (two million seven hundred thirty eight thousand four hundred eighty four euros) as retained earnings.
4. Appointment of the auditor for the financial year 2018/2019 and determination of the reward for the auditor.
Decision: Decision has not been taken yet
5. Election of the Members of the Supervisory Council.
Decision: As of November 20, 2018 to recall from the position of member of the Supervisory Council - Juris Ziema, Andrejs Grisans, Ivars Senbergs, Aivis Olsteins.
To elect the Supervisory Council of the joint stock company “SAF Tehnika” for a three year term in the following composition - Juris Ziema, Andrejs Grišāns, Ivars Šēnbergs, Sanda Šalma, Aira Loite with the beginning of term of office on November 20, 2018
Information about candidates of the Members of the Supervisory Council:
Juris Ziema, co-founder of the Company, also previously holding the office of Vice-Chairman of the Supervisory Council and being the Production Department Director of the Company. From 1998 to 1999 he worked as an engineer at Didzis Liepkalns private enterprise SAF. From 1987 to 1999 J.Ziema worked as an engineer at the Institute of Electronic Engineering and Computer Sciences. J.Ziema has graduated Riga Technical University with a degree in radio engineering in 1987.
J.Ziema owns 258 762 Company’s shares.
Andrejs Grisans, previously holding the office of the Member of the Supervisory Council and being the deputy director of Production Department of the Company. A.Grisans is one of the co-founders of the Company. Prior to joining the Company, he owned and managed a private company specializing in electronic equipment engineering, production and distribution. From 1992 to 1999 A.Grisans was involved in business activities in the field of radio engineering. He worked as an engineer-constructor at the Institute of Polymer Mechanics from 1984 to 1992 and in the constructing bureau Orbita from 1980 to 1984. A.Grisans has graduated Riga Technical University with a degree in radio engineering in 1980.
A.Grisans owns 297 888 Company’s shares.
Ivars Senbergs, also previously holding the office of the Member of the Supervisory Council, also Chairman of the Board of SIA Juridiskais Audits, SIA Namipasumu parvalde, SIA Synergy Consulting, SIA Dzirnavu centrs, SIA IŠMU,. From 1999 until 2000 he worked as Finance and Administrative Director at SIA Fortech. I. Senbergs has graduated Faculty of Law, University of Latvia in 1986.
I. Senbergs owns 2 Company’s shares.
Sanda Šalma, employed by Microsoft Latvia, currently Small and Medium Business Lead for Baltic countries. From 2010 to 2012 worked for a developer company RIX Technologies, participated in the work group of Latvian IT Cluster. From 2008 to 2010 was Citizenship & Education Project Lead at Microsoft Latvia. From 2000 to 2006 she was Sales Account Manager at Baltic Transshipment Center sales in Baltics and St. Petersburg. She has graduated The University of St.Petersburg and holds BSc in Psychology and MBA from RISEBA and Salford University, UK.
S. Šalma - does not own Company’s shares.
Aira Loite, since 2016 is Chief Financial Officer at Torgy Mek Group's and at the same time (since May 2018) also Director of SIA "Torgy Baltic" Ltd. From 2007 to 2015 she has been the Member of the Board of JSC "SAF Tehnika" and Director of Finance and Administration, and Managing Director since the end of 2011. From 2006 to 2007 she was Director of Business Information and Control Division at Lattelecom. From 2000 to 2006 she was a Member of the Board of Microlink Latvia and Head of Finance and Administration. A. Loite has graduated the University of Latvia in 1988 and holds Bachelor degree in Mathematics and MBA from Salford University, UK, obtained in 2009.
A.Loite owns 7700 Company’s shares.
6. Authorization of the Supervisory Council to perform tasks of Revision Committee.
Decision: Authorize the Supervisory Council to perform the tasks of Revision Committee prescribed in legislation.
CFO, Member of the Board
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