With reference to the regular session of the General Assembly of the Shareholders of BIOIASIS Plc, held on June 24th, 2013 we would like to announce the following important resolutions approved by the shareholders, namely:

1. The General Assembly of the Shareholders approved the Annual Reports (individual and consolidated) of the Board of Directors on the company’s activities for the year 2012, the 2012 audited annual financial statements of the company (individual and consolidated) and the respective reports of the certified auditor, and heared and approved for its information the 2012 Activity Report of the audit committee as well as the 2012 Activity Report of the Investor Relations Director of BILLBOARD AD.

 

2. The General Assembly of Shareholders passed a resolution not to distribute money dividend to the shareholders as the company’s net profit generated during 2012 in the amount of BGN 25 132.08 to be taken as a non-distributed profit.   

3. The General Assembly of Shareholders released from responsibility the members of the Board of Directors Stefan Genchev – Executive member, Kalin Genchev – Chairperson of the Board of Directors, Rumen Radev – Vice Chairperson and independent member of the Board of Directors and Desislav Tomov - independent member of the Board of Directors for their activities during 2012.

4. In accordance with the presented recommendation of audit committee, the General Assembly of Shareholders elected specialized audit company Delloite Audit Ltd, having its registered seat and business address at 103, Alexander Stamboliyski Blvd., UIC: 121145199, registered under No 003 with ICCA to be the certified auditor engaged with the verification and certification of the company’s annual financial statements for the year 2013.

 

5. The General Assembly of Shareholders elected an audit committee of BILLBOARD AD with a 2-year mandate with the following members Valeri Tanov –Chairperson, Daniela Peeva and Stanimir Genchev – members and set the remuneration for its members in the amount of BGN 50 per participation in each session.

6. The General Assembly of Shareholders approved a Remuneration Policy for the members of the Board of Directors of BILLBOARD AD.

7. The General Assembly of Shareholders set the gross monthly remuneration of the Executive member and the Chairperson of the Board of Directors of BILLBOARD AD in the amount of 7 minimum salaries established for the country, and those of the independent members of the Board of Directors of BILLBOARD AD - in the amount of 1 minimum salary established for the country and set the management collaterals for the members of the Board of Directors of BILLBOARD AD in the amount of their triple  gross monthly remunerations.

 

9. The General Assembly of Shareholders of BILLBOARD AD passed a resolution for a rental agreement to be concluded for rental of an automatic punching machine for paper and paperboard processing Novacut 106 E Autoplaten ® pressBobst and universal folding - gluer Expertfold 110 A2 Universal Folder Gluer Bobst between BILLBOARD AD as the lessor and the subsidiary company DEDRAX AD as the lessee under the terms and conditions described in the Motivated Report of the Board of Directors of BILLBOARD AD, forming part of the written materials on the agenda of the General Assembly of the Shareholders and authorized the Executive Board member of BILLBOARD AD to sign the agreement. The General Assembly of the Shareholders of BILLBOARD AD authorized the Board of Directors and the Executive Board member of BILLBOARD Plc to negotiate the amount of the annual rent for each year of the Term of the Rental Agreement within the limits of the contracts total rental price, the amount of quarterly installments and the specific terms for their payment.