Published: 2015-06-19 13:11:24 CEST
Nordic Fibreboard
Minutes of annual general meeting

The Decisions of Annual General Meeting

Pärnu, 2015-06-19 13:11 CEST --  

The Annual General Meeting of shareholders of Skano Group AS (registry code 11421437, address 48 Suur-Jõe, Pärnu 80042) was held in Skano Group AS head office at 48 Suur-Jõe, Pärnu, Estonia, on 19 June 2015.

The general meeting started at 11.00 and ended at 12.00. The shares of the shareholders who attended the general meeting represented 2 719 295 votes, constituting 60.4 % of the share capital. Therefore, the general meeting was competent to pass resolutions regarding the items on the agenda.

Resolutions of general meeting:

1. Approval of the Annual Report for 2014

It was decided to approve the Annual Report of the Company for 2014 prepared by the Management, which exposes the consolidated balance sheet value of 13 329 thousand euros and the net loss in the amount of 1 481 thousand euros as at 31.12.2014.

2. Covering the loss in 2014

It was decided to approve to cover the loss from the financial year 2014 of 1 481 thousand euros from the account of retained earnings of previous periods.

3. Appointment and remuneration principles of auditor for the financial year 2015

It was decided to appoint AS PricewaterhouseCoopers (registry code: 10142876, address: Pärnu mnt 15, 10141 Tallinn) as the auditor of the Company for the financial year 2015. Public accounting services will be paid for in accordance with the contract to be drawn up with the auditor.

         Martin Kalle
         CEO
         +372 447 8331
         martin.kalle@skano.com
         www.skano.com