Source: http://bvb.ro/FinancialInstruments/SelectedData/NewsItem/IARV-EGSM-resolutions-20-04-2017/543E7
Timestamp: 2017-08-23 23:14:16
Document Index: 391539379

Matched Legal Cases: ['Art. 3', 'Art. 7', 'Art. 7', 'Art. 12', 'Art. 12', 'Art. 13', 'Art. 13', 'Art 15', 'Art. 15', 'Art. 16', 'Art. 17', 'Art. 17', 'Art 23', 'Art. 23', 'Art. 27', 'Art. 27', 'ART 226']

EGSM resolutions 20.04.2017
Release Date: 4/21/2017 8:42:24 AM
IRIS Code: 543E7
I. Important events to be reported: EGMS 19-20.04.2017
The Extraordinary General Meeting of the Shareholders took place on 20.04.2017, the date of the second call. The meeting was attended by shareholders/representatives of the shareholders holding 12.250.726 shares of the Company IAR SA, representing 64,8913 % of the total number of company shares.
1. The following amendments at the Constitutive Act of IAR Company are approved:
A Paragraph 1 of Article 3 – Company headquarters in CHAPTER I - NAME, LEGAL FORM, HEADQUARTERS, DURATION of the Constitutive Act of IAR SA is amended as follows:
“Art. 3 – The company headquarters
(1) The Company headquarters is in Romania, Brasov, Ghimbav town, 34, HERMANN OBERTH Street.”
Shareholders who sent their vote by correspondence / registered post
representing the following percentages of the total number of shares represented-OGMS 31.01.2017
B. Article 6 “Object of activity of CHAPTER II – SCOPE AND OBJECT OF ACTIVITY OF THE COMPANY” remain unchanged.
C Paragraph 2 of Art. 7 “Share capital” of CHAPTER - III - CAPITAL, SHARES of the Constitutive Act of IAR SA is modified as follows:
“Art. 7 – Share capital
D Paragraph 3 and 4 of Art. 12 “ The prerogatives of the general meeting of shareholders” in CHAPTER IV-GENERAL MEETING OF SHAREHOLDERS of the Constitutive Act of IAR SA are modified as follows:
“Art. 12 - The prerogatives of the general meeting of shareholders
d) to establish the remuneration for the Board members;
h) to decide on the long terms bank loans contracting, ie over 5 (five) years,
j) to decide on legal action against the Board members,
(4) The Extraordinary General Meeting of Shareholders has the following main prerogatives:
l) any other amendment of the Constitutive Act or any other resolution requiring the approval of the extraordinary general meeting,”
E. Paragraph 3 of Art. 13 - Convening of the general meeting of shareholders in CHAPTER IV - GENERAL SHAREHOLDERS MEETING of the Constitutive Act of IAR SA is modified as follows:
“Art. 13 – Convening of the General Meeting of Shareholders
(3) The Ordinary General Meeting are held at least once a year, no more than 4 (four) months from closing the economic and financial year, to examine and approve the annual financial statements drawn up according to the law for the previous year.”
F. Art 15 “Exerting the voting rights in the general meeting of shareholders” of Chapter IV - GENERAL SHAREHOLDERS MEETING of the Constitutive Act of IAR SA will be completed with a new paragraph, as follows:
“Art. 15 – Exerting the right to vote in the general meetings of shareholders
4) The company will guarantee the right to vote by mail, the procedure for exercising the right to vote by mail will be displayed on the web site of the company.”
G. Paragraph 3 of Article 16 - Organization of CHAPTER V - BOARD OF DIRECTORS of the Constitutive Act of IAR SA will be completed with the phrase "and the Constitutive Act", as follows:
“Art. 16 – Organization
3) The Board of Directors is responsible for carrying out all the necessary and appropriate activities in order to achieve the company’s object of activity, except those reserved by law and the Constitutive Act to the general meeting of shareholders.”
H. 7 The prerogatives of the Board of Directors stipulated in the Constitutive Act of IAR SA are amended as follows:
“Art. 17 – The prerogatives of the Board of Directors
f) to approve the collective labor agreement negotiated by the company general manager and team appointed thereby;
o) to decide on the lease and sublease of own property excluding the assets as defined in the legislation on the privatization of companies or leased within the limits set out by specific legislation in force
q) to decide on bank loans on short and medium term, respectively less than 5 (five) years, without real-estate guarantees, under the law provisions and respecting the limits established by GSM,
r) to inform the General Meeting of Shareholders on bank loans on short and medium term (up to 5 years);
s) to exert any other powers and solve any other issues determined by the general meeting of shareholders, or stipulated by the law;
(2) The Board of Directors will give mandate to the general director and other executives to meet some of its powers.
(3) The Board may not delegate the mentioned powers to the directors under Art. 17, letters b), d), e), j), k), l), m) and p).”
I. Art 23 – “The accounting records and annual financial statements” in CHAPTER VII - COMPANY ACTIVITY of the Constitutive Act of IAR SA is modified as follows:
“Art. 23– The accounting records and annual financial statements
(1) The Company shall keep the accounting records as per the Accounting Law, the Accounting Regulations compliant in accordance with the International Financial Reporting Standards and other regulations in force for each financial year.
(2) The annual financial statements will be filed and made public under the conditions provided by law.”
J. The letter (j) paragraph 1 Art. 27 – “Dissolution of the company” from CHAPTER VIII - AMENDMENT OF THE LEGAL FORM, DISSOLUTION, LIQUIDATION, LITIGATIONS of the Constitutive Act of IAR SA is deleted, the article being the following:
“Art. 27 – Dissolution of the company
(2) Dissolution of the company must be registered in the Commercial Register and published in the Official Gazette.”
2. The date 10.05.2017 is approved as the registration and identification date of the shareholders who are affected by the resolutions of the Extraordinary General Meeting of the Shareholders dated 20.04.2017, and the date 09.05.2017 as ex-date, in accordance with the provisions of Law No. 297/2004 on the capital market.
3. The Board of Directors and the executive management of the Company IAR SA are mandated to carry out the provisions of this resolution, as well as the formalities regarding the publicity required by the law, the Constitutive Act and the CNVM Regulations.
This current report is available and can be accessed at the address www.iar.ro/Shareholders/Reports according to the capital market requirements/5.Current Reports regarding the privileged information under the LAW 297/2004, ART 226, PAR(1).
IARV_20170421075925_21-04-2017-Raport-curent---AGEA-19-20-04-2017.pdf
IARV_20170421075934_21-04-2017-Current-Report-EGMS-19-20-04-2017.pdf