Current report no 29
Dated 07.06.2012
Westa ISIC S.A.
Société anonyme
Registered office: 412F, route d’Esch, L-2086 Luxembourg
R.C.S. Luxembourg: B 150.326 (the “Company”)
Société anonyme
Registered office: 412F, route d’Esch, L-2086 Luxembourg
R.C.S. Luxembourg: B 150.326 (the “Company”)
Resolutions of the Annual General Meeting held on June 6, 2012
WESTA ISIC S.A., a joint stock company under Luxembourg law, with registered office at 412F, route d’Esch, L-2086 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 6, 2012:
FIRST RESOLUTION:
To consider (i) the Management report of the Board of Directors of the Company on the statutory annual accounts (unconsolidated) for the year ended 31 December 2011, drawn up according to generally accepted accounting principles in Luxembourg and (ii) the report of the of the Statutory Auditor (réviseur d’Entreprises agréé) for the year ended December 31, 2011.
SECOND RESOLUTION:
To approve the statutory annual accounts (unconsolidated) for the year ended 31 December 2011, drawn up according to generally accepted accounting principles in Luxembourg and allocation of the results for the year ended 31 December 2011.
THIRD RESOLUTION:
To consider the Management report of the Board of Directors on the consolidated financial statements for the year ended 31 December 2011, drawn up in accordance with International Financial Reporting Standards as adopted in the European Union, and report of the Auditor (réviseur d’Entreprises agréé).
FOURTH RESOLUTION
To approve the consolidated financial statements for the year ended 31 December 2011, drawn up in accordance with International Financial Reporting Standards as adopted in the European Union.
FIFTH RESOLUTION
To approve (i) full and total discharge of Directors of the Company with respect to the annual consolidated financial statements and annual accounts for the year ended 31 December 2011, and for the accounting period then ended, (ii) full discharge of the Statutory Auditor (réviseur d’Entreprises agréé), Deloitte Audit S.à r.l., for the execution of his mandate regarding the annual consolidated financial statements and annual accounts for the year ended 31 December 2011, and for the accounting period then ended.
SIXTH RESOLUTION
To approve (i) the renewal of the mandate of the Directors of the Company:
Denys Dzenzers’kyy, A Director,
Dmytriy Nikitin, A Director,
Christoph Kossmann, B Director,
Eugenii Cherviachenko, C Director,
Lyubov Krechmanska, C Director,
for a new 6 year statutory period ending at the Annual General Meeting of 2018, (ii) the new term of office of the Statutory Auditor (réviseur d’Entreprises agréé), Deloitte Audit S.à r.l. untill the Annual General Meeting of 2013.
SEVENTH RESOLUTION
To adopt the remuneration policy of the Company and ratify the Resolution dated 20.03.2012 taken by the Board of Directors of the company approving the rate of remuneration of C Director of the Company. According to this Resolution the Board of Directors approved the rate of remuneration of Lyubov Krechmanska, C Director, for the period starting from 01.01.2012 to 31.12.2012 for a gross total amount of Euro 12,000.00 (twelve thousand euro), which will be paid in December 2012.
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 6, 2012 is available on the Company’s website under: http://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 |
| 07-06-2012 | Oksana Mazurkevych | Oksana Mazurkevych |
«WESTA» International Scientific Industrial Corporation5,Pisargevskyy Street, 49005, Dnepropetrovsk, Ukraine
E-mail:
Web: http://westa.com.ua