Draft resolutions of the Annual General Meeting of Shareholders of AS “MADARA Cosmetics”, dated 14 June 2022Inside information, 2022-05-27 08:49 CEST --
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1. Approval of the annual report for the financial year 2021. |
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1) To take note of the reports by the Management Board and the Supervisory Board of AS “MADARA Cosmetics”, as well as the report by certified auditor on the results of financial year 2021.
2) To approve the separate annual report for the financial year 2021 and the annual consolidated report for the financial year 2021 that has been prepared by the Management Board and reviewed by the Supervisory Board of AS “MADARA Cosmetics”.
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2. Decision on the use of profit of the Company. |
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1) To partially distribute AS “MADARA Cosmetics” profit for the financial year 2021 in the amount of EUR 3 476 054, by distributing total of EUR 1 885 288 in dividends, i.e., EUR 0.50 per share.
2) To leave the remaining part of retained earnings for the financial year 2021 in the amount of EUR 1 590 766 as retained earnings of AS “MADARA Cosmetics”.
3) To set that the dividend Ex-date (namely, the date from which no dividends will be paid for the shares in respect to which a decision was made to pay dividends) shall be 28 June 2022. To set that the dividend record date shall be 29 June 2022. To set that the dividend payment date shall be 30 June 2022.
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3. Election of the auditor and determination of remuneration for the auditor. |
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1) To elect SIA “Deloitte Audits Latvia” as the auditor of the Annual Report of AS “MADARA Cosmetics” for the year 2022, 2023 and 2024.
2) To determine the remuneration for the auditor for audit of AS “MADARA Cosmetics” Annual Report for the year 2022, 2023 and 2024 in the amount of EUR 85 500.
3) To assign the Management Board of AS “MADARA Cosmetics” to sign the contract with the elected auditor for the audit of the Annual Report of AS “MADARA Cosmetics” for the year 2022, 2023 and 2024.
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Attached:
Voting form. |
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The Management Board of AS “MADARA Cosmetics” |
The shares of Madara Cosmetics are admitted to trading on Nasdaq Baltic First North Market.
The Certified Adviser for AS Madara Cosmetics is AS LHV Pank.
MADARA Cosmetics was founded in 2006 and has become one of the leading manufacturers of cosmetics in Northern Europe and the leader in Latvia. The cosmetics brand MÁDARA represented by the company is a pioneer in the segment of natural beauty care and make-up cosmetics in Latvia. In 2016 and in 2017, the company ranked in the Top 10 of the Most Reputable Companies of Latvia. At the beginning of 2017, the limited liability company was transformed to a joint-stock company. Since November 2017, the company’s shares have been listed on the “Nasdaq Baltic” alternative market “First North”. The company has been awarded the European “Role Model” award of the “SME Star Awards 2018” organised by the European Parliament in Brussels for small and medium companies. In 2019, the company received the Excellence Award at Nasdaq Baltic Award 2019 and is one of the companies that rings the bell of the trading session on the Nasdaq Stock Exchange in New York. At the end of 2020, the idea of AS MADARA Cosmetics gained worldwide recognition and won the World Intellectual Property Organization (WIPO) award WIPO IP Enterprise Trophy. For more information, visit investors.madaracosmetics.com.
Contact information:
Address: 131 Zeltiņu Street, Mārupe district, Mārupe, LV 2167, Latvia
Contact person: Uldis Iltners, member of the Management Board
E-mail: uldis@madaracosmetics.com
Phone: +371 67 470 243
Certified advisor:
AS “LHV Pank”
Contact person: Ivars Bergmanis
E-mail: ivars.bergmanis@lhv.ee
Phone: +372 680 2720
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