General Assembly of PODRAVKA d.d. - report
At the General Assembly of PODRAVKA d.d., which took place on 14th July 2000, beginning at 1 p.m., the following decisions were passed:
1.Ms. Ksenija Punčikar M.Sc. is elected President of the General Assembly of PODRAVKA d.d., and Ms. Vesna Želježnjak dipl. oec. is elected Deputy President.The mandate of the President and Deputy President of the General Assembly of PODRAVKA d.d. is four (4) years.
2.I.The financial reports for the business year 1998 with the reports and opinions of the certified auditors are adopted:
- consolidated reports for the PODRAVKA Group (mother company and subsidiaries);
- for PODRAVKA d.d.
II. The report of the Supervisory Board of PODRAVKA d.d. on the supervision of business activities is adopted.
III. The 1999 annual report of the Management on the business results of the PODRAVKA Group and the condition of the company is adopted.
3. I. The losses of PODRAVKA d.d, shown in the profit and loss account of PODRAVKA d.d. for the business year 1999 amount to 86,207,666.08 kuna (eighty-six million, two hundred and seven thousand, six hundred and sixty-six kuna and eight lipa) and will be covered by the reserves.
II. The payment of the dividend on preferred shares, according to the Agreement on the Registration of Shares closed between PODRAVKA d.d. and EBRO to the total amount of DM 3,127,816.67 (three million, one hundred and twenty-seven thousand, eight hundred and sixteen Deutschmark and sixty-seven pfennigs) which will be paid from the retained profits of the previous years.
III. The dividend mentioned in Point II of this Decision will be paid by EBRO within 15 days from the day of approval of the 1999 Annual Financial Reports by the General Assembly of PODRAVKA d.d. The dividend will be paid in Deutschmarks according to Section 4.02 of the Agreement on the Registration of Shares closed between PODRAVKA d.d. and EBRO.
4. Certification of approval is given to the members of the Management of PODRAVKA d.d, for their management of PODRAVKA d.d. in 1999.
5. Certification of approval is given to the members of the Supervisory Committee of PODRAVKA d.d. for their work and supervision of the business activities of PODRAVKA d.d. in 1999.
6. Mr. Marko Ećimović M.Sc. from Koprivnica, Ulica Rudolfa Horvata 54, JMBG 2501947321413, is elected member of the Supervisory Committee of PODRAVKA d.d. The mandate of a member of the Supervisory Committee of PODRAVKA d.d. is four (4) years and is calculated from the day of entry in the Court register.
Commercial Court in Bjelovar, MBS 010006549, Domestic Payments Agency, Koprivnica, Opatička bb,, Account No. 32300-601-84, capital stock 1,812,808,800.00 kuna paid in full, number of shares 6.042.696, of a nominal value of 300.00 kuna, President of the Supervisory Committee, B. Prka, President of the Management, D. Marinac, members of the Management, Ž. Đurđina, N. Cerovsky, D. Cimaš, D. Polančec