Resolutions of the Annual General Meeting held on June 5, 2013

 

Current report no 46
Dated 06.06.2013
 
Westa ISIC S.A.
Société anonyme
Registered office: 65, boulevard Grand-Duchesse Charlotte,
L-1331 Luxembourg
R.C.S. Luxembourg: B 150.326
(the “Company”)
 
Resolutions of the Annual General Meeting held on June 5, 2013
 
WESTA ISIC S.A., a joint stock company under Luxembourg law, with registered office at 65, boulevard Grand-Duchesse Charlotte, L-1331 Luxembourg, registered in the Luxembourg Register of  Companies under No. B 150.326, (the "Company"), hereby informs that the following resolutions were adopted at the Company’s Annual General Meeting of shareholders held on June 5, 2013:
 
FIRST RESOLUTION:
The statutory annual accounts as of December 31, 2012 drawn up according to generally accepted   accounting principles in Luxembourg are approved.
 
SECOND RESOLUTION:
As proposed by the Board of Directors, the results of the statutory annual accounts as of December 31, 2012 are allocated as follows:
 
loss as of December 31, 2012
EUR
(22,116,208.97)
loss carried forward
EUR
(1,018,368.88)
total loss
EUR (23,134,577.85)
to carry forward EUR (23,134,577.85)
                               
THIRD RESOLUTION:
The consolidated financial statements as of December 31, 2012 drawn up according to IFRS are approved.

FOURTH RESOLUTION
Discharge is given to the Directors and to the statutory auditor for the performance of their mandates during the fiscal year ended 31 December 2012.
 
FIFTH RESOLUTION
The private limited company Baker Tilly S.A.R.L., having its registered office in L-1511 Luxembourg, 119, Avenue de la Faïencerie, is reappointed as the statutory auditor for the audit of the consolidated and unconsolidated annual accounts of the Company for a one-year term mandate, which shall terminate on the date of the annual general meeting of shareholder to be held in 2014.

SIXTH RESOLUTION
The need to create nominations and/or remuneration committees of WESTA ISIC S.A. is assessed; nominations and/or remuneration committees are not created.
As the total loss of EUR 23,134,577.85 exceeds half of the corporate capital of the Company, the chairman proposes to the shareholder’s general meeting to deliberate on the continuity of the Company’s activity according to article 100 of the Corporate Act of August 10, 1915, as amended and to include said deliberation in point “8. Miscellaneous” of the agenda.
Following the chairman proposal the meeting unanimously decides, after deliberation, to take a seventh resolution:
 
SEVENTH RESOLUTION
In spite of a total loss of EUR 23,134,577.85, the Company will not be dissolved.

The above stated resolutions were passed with 33,100,000 votes in favour, 0 votes against and 0 abstaining.
Minutes of AGM held on June 5, 2013 is available on the Company’s website under: http://www.westa.com.ua/en/cms/for_investor/general_meetings_of_shareholders.html
 
Legal grounds: Article 56.1 in connection with article 56.6 of the Act of 29 July 2005 on the public offering, conditions governing the introduction of financial instruments to organized trading system and on public companies.

Signatures of individuals authorized to represent the Company:
Date
Name
Signature 
 
06-06-2013
Oksana Mazurkevych
Oksana Mazurkevych

 

WESTA «WESTA» International Scientific Industrial Corporation
5,Pisargevskyy Street, 49005, Dnepropetrovsk, Ukraine
E-mail: westa@westa-inter.com
Web: http://westa.com.ua