Report from the Annual General Meeting 2021
LIMASSOL, CYPRUS – September 15, 2022
Primeore LTD (the Company) has 14th of September, 2022 held its Annual General Meeting of shareholders of the Company. Due to some reasons, the Annual General Meeting was conducted in virtual form, without physical attendance of shareholders. The Annual General Meeting mainly resolved on the following. For more detailed information on the content of the resolutions, please refer to the full notice to attend the Annual General Meeting and the full proposals that are available on the Company’s webpage.
Adoption of balance sheets and income statements of the Company and its subsidiaries: Primeore Trading (Polska), Poland and Production Innovation Trading, Ukraine
The Annual General Meeting adopted the income statement, balance sheet, and the consolidated income statement and consolidated balance sheet for 2021 for the Company and their Subsidiaries: Primeore Trading (Polska), Poland and Production Innovation Trading, Ukraine.
Discussion of the issue of further business of the Company and its subsidiaries in connection with the military aggression of russia against Ukraine
The participants of the Meeting have discussed the issue of further business of the Company and its subsidiaries in connection with the military aggression of russia against Ukraine.
The Annual General Meeting resolved, to declare the distribution of part of undistributed Net profit of the Company in the total amount of EUR 1’750’000 as dividends, been EUR 1’150’000 to the holders of ordinary Shares of the Company and EUR 600’000 as dividends to the holders of Redeemable Preferred Shares of the Company.
Company’s Directors and Auditors
The Annual General Meeting resolved to re-elected:
- Mr. Viktor Skiba
- Mr. Olexandr Kotlyarenko
- Mr. Timur Novikov
- Mr. Serhii Maksymenko
- Mr. Artem Mitsynskyy
- Mr. Vitalii Kravchenko
- Ms. Mikaella Kyprianou
as 7 (seven) directors of the Company.
Advanced Audit & Tax Consulting (P.P) Ltd was re-elected as external auditor to audit the financial statements of the Company for 2022.
Minutes from the Annual General Meeting was signed on the 14th of September, 2022 by Chairman of the Meeting (Mr. Artem Mitsinskyy) and Minutes Taker (Mrs. Amalia Hadjipapa).
Primeore Ltd. is a holding company managing a group of companies under Primeore Group brand. The group is focused on servicing the needs of ferroalloy and steel industry by delivering hard physical commodities as well as an abundant scope of value-added consulting and managing services.
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