Open Joint Stock Company "Lyakhovichsky Flax Mill" (hereinafter referred to as the Company), located at the address: Brest Region, Lyakhovichsky District, 5, near the village of Zadvorie, informs you of the decisions taken on March 28, 2024 by the annual general meeting of shareholders of the Company:
Agendas:
| 1. | On the results of the financial and economic activities of the Company for 2023 and the main indicators of the production program for 2024 |
| 2. | Report of the Supervisory Board of the Company |
| 3. | Report of the Audit Commission of the Company |
| 4. | Approval of the annual accounting (financial) statements of the Company |
| 5. | On the payment of dividends for 2023 |
| 6. | On the distribution of the Company's net profit for 2024 |
| 7. | On the election of members of the Supervisory Board and members of the Audit Commission of the Company |
| 8. | Establishing remuneration for members of the Supervisory Board and the Audit Commission of the Company |
Meeting decisions.
On the first issue on the agenda:
To approve the Director's report on the financial and economic activities of the Company for 2023 and the main areas of the Company's activities for 2024 (attached).
the decision has been made
On the second issue on the agenda:
2.1. The work of the supervisory board in 2023 shall be recognized as satisfactory.
2.2. Approve the report of the supervisory board (attached).
the decision has been made
On the third issue on the agenda:
3.1. Take note of the auditor's report on the results of the audit of the financial and economic activities of the Company for 2023 (attached).
3.2. The work of the audit commission in 2023 shall be recognized as satisfactory.
3.3. Approve the report of the audit committee (attached).
the decision has been made
On the fourth issue on the agenda:
4.1. Approve the annual accounting (financial) statements for 2023, taking into account the auditor's report (attached).
The annual financial report shall be published on the official website of the Company.
4.2. The Company's net profit for 2023 is 976,992.96 Belarusian rubles. According to the standards approved by Decree of the President of the Republic of Belarus dated 28.12.2005 No. 637, the amount of dividends is 59,473.35 Belarusian rubles.
the decision has been made
On the fifth issue on the agenda:
5.1. To approve the amount of dividends per share for 2023 – 0.002583 Belarusian rubles.
5.2. Dividends shall be paid on shares entered in the register of shareholders of the Company as of March 20, 2024. The dividend payment period is from April 1, 2024 to April 30, 2024 (for individuals and legal entities), dividends on the state share shall be paid from April 1, 2024 to April 22, 2024.
the decision has been made
On the sixth issue on the agenda:
6.1. Establish the accrual of dividends on shares for 2024 in accordance with the standards approved by Decree of the President of the Republic of Belarus dated 28.12.2005 No. 637 "On the procedure for calculating in the budget a portion of the profit of state unitary enterprises, state associations that are commercial organizations, as well as income from shares (shares in authorized capital) of business entities in republican and municipal ownership and on the formation of a state target budget fund for national development."
6.2. Set the frequency of dividend payments for 2024 - once a year. Accrued dividends are paid at the end of the year.
the decision has been made
On the seventh issue on the agenda:
7.1. To approve the quantitative composition of the supervisory board of 7 people, including a representative of the state (according to the attached list).
7.4. Elect an audit committee consisting of 3 people (according to the attached list).
the decision has been made
On the eighth issue on the agenda:
Establish remuneration for members of the supervisory board and the audit commission for the performance of their duties in the following amounts:
Secretary of the Supervisory Board – 21 basic units per quarter;
members of the supervisory board – 9 basic units per quarter;
for each revision performed:
to the chairman of the audit committee – 7 basic units;
members of the audit committee - 3 basic units each.
The specified remunerations are paid on the basis of representations from the chairmen of the supervisory board and the audit commission, subject to the direct participation of the members of the supervisory board in meetings of the supervisory board, assemblies and in the preparation of decisions, and of the members of the audit commission in audits.
Payment of remuneration to members of the supervisory board (representatives of the state) is made in accordance with the standards for calculating the amount of remuneration paid to representatives of the state in the management bodies of business entities established by the Decree of the President of the Republic of Belarus dated 19.12.2008 No. 100 "On Certain Issues of Owner Supervision" (as amended by the Decree of the President of the Republic of Belarus dated 08.02.2013 No. 74):
profitability since the beginning of the reporting year
— up to and including 10% – 20 basic units per quarter;
— from 10% to 15% inclusive – 25 basic units per quarter;
— from 15% to 25% inclusive – 45 basic units per quarter;
— over 25% — 55 base units per quarter.
the decision has been made