Draft resolutions and voting form for annual shareholders meeting of JSC SAF Tehnika to be held on 8 December, 2021
Riga, 2021-11-24 16:17 CET --
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 2020/2021.
2. The approval of the annual financial statements for financial year 2020/2021 and release the Board of Directors from responsibility for financial year 2020/2021.
Decision: to approve the consolidated and separate financial statements of “SAF Tehnika” JSC for financial year 2020/2021 and release the Group`s Board of Directors from responsibility for financial year 2020/2021.
3. Decision on the use of profit of the Company.
(1) To pay in dividends 0.67 EUR (sixty- seven cents) per one SAF Tehnika JSC share or total amount of 1 990 020.60 EUR ( one million nine hundred ninety thousand twenty euros 60 cents); The profit accrued until 31 December 2017 is 1 793 627.20 EUR (one million seven hundred ninety-three thousand six hundred twenty-seven euros and 20 cents);
The date of record is 22 December, 2021.
The date of payment is 23 December, 2021.
Ex-date is 21 December, 2021.
(2) Keep the remaining amount of retained earnings 3 453 438.60 EUR (three million four hundred fifty-three thousand four hundred thirty-eight euros and 60 cents) as the retained earnings of SAF Tehnika JSC.
4. Appointment of the auditor for the financial year 2021/2022 and determination of the reward for the auditor.
Decision: Appoint “Potapoviča un Andersone” Ltd. as the auditor of the “SAF Tehnika” JSC for the financial year 2021/2022 and determine the maximum remuneration for the auditor of the Annual Reports for the financial year 2021/2022 in the amount of EUR 11’000 (eleven thousand euro), excluding taxes set in the legislation. Authorize the Board of the Group to sign the contract with the elected auditor.
5. The approval of Management Board and Supervisory Council remuneration report for financial year 2020/2021.
Decision: To approve the Management Board and Supervisory Council remuneration report for financial year 2020/2021.
6. Election of the Members of the Supervisory Council.
Decision: As of December 8, 2021 to recall from the position of member of the Supervisory Council - Juris Ziema, Andrejs Grisans, Ivars Senbergs, Aira Loite, Sanda Salma.
To elect the Supervisory Council of joint stock company “SAF Tehnika” for a three year term in the following composition - Juris Ziema, Andrejs Grisanss, Ivars Senbergs, Sanda Salma, Aira Loite by fixing beginning of term of office on December 8, 2021.
Informācija par padomes locekļu kandidātiem:
Juris Ziema, co-founder of the Company, also previously holding the office of 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 of Vice-Chairman 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 - also previously holding the office of the Member of the Supervisory Council. 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 - has resumed working in SAF Tehnika in a position of a Director of Digital Transformation in September 2021. She has extensive experience in management, finance, administration and IT, gained in companies operating in local and international markets. She worked as an Administrative Director (2019-2020) in a food production company “Forevers” Ltd.), metal processing company group “Torgy Mek” as Finance Director (2016-2019) and as a Director of Torgy Baltic SIA (2018-2019). Aira Loite has been a member of the Board of SAF Tehnika, Finance and Administrative Director (2007-2011), Managing Director (2011-2015). From 2006 to 2007, she worked as the director of the Business Information and Control Department of SIA Lattelecom. From 2000 to 2006, she was a member of the Board and Chief Financial Officer of SIA Microlink Latvia. A. Loite has graduated the University of Latvia in 1988 and holds Masters degree in Mathematics and MBA from Salford University, GB, obtained in 2009.
A.Loite owns 8000 Company’s shares.
7. 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.
About SAF Tehnika:
„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on Nasdaq Riga since 2004. SAF Tehnika wholly owns subsidiaries “SAF North America” LLC and “SAF Services” LLC. Both of the mentioned companies are operating from Denver, CO, USA serving North American market.
CFO, Member of the Board
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