Source: http://www.bvb.ro/FinancialInstruments/SelectedData/NewsItem/ARS-OGSM-resolutions-14-December-2017/D478F
Timestamp: 2018-05-24 19:14:53
Document Index: 743564985

Matched Legal Cases: ['Art.1', 'Art.2', 'art.1', 'Art.3', 'Art.4', 'art. 86']

OGSM resolutions 14 December 2017
Release Date: 12/15/2017 9:14:23 AM
IRIS Code: D478F
according to Regulation no. 1/2006
Date of the report: 15.12.2017
Name of issuer: S.C. AEROSTAR S.A.
Registered headquarters: BACAU, No. 9 Condorilor Street
Telephone: +40 234.575.070; Fax: +40 234.572.023/572.259
Sole Registration No: 950531
Trade Register Number: J04/1137/1991
Share capital, subscribed and paid: 48.728.784 LEI
Regular market on which the issued shares are traded: Bucharest Stock Exchange (symbol ”ARS”)
RESOLUTIONS OF THE ORDINARY GENERAL MEETING OF
SHAREHOLDERS OF AEROSTAR S.A.
ON THE DATE OF 14.12.2017
The Ordinary General Meeting of Shareholders of AEROSTAR SA (the “Company”), with headoffice in Bacau, 9 Condorilor Street, registered with the Trade Register Office of the Bacau Court under the number J04 / 1137/1991 and having sole registration number 950531, convened and conducted in accordance with statutory provisions on the date of 14 December 2017, where 87,4560% of the share capital was present or represented, that is 133.175.816 shares of the total of 152.277.450 shares,
Based on the Companies’ Act no 31/1990, republished, of the Law no 297/2004 with reference to the capital market, with its subsequent modifications and completions, of the Law no 24/2017 regarding the issuers of financial instruments and market operations, of the Regulation no 1/2006 of the National Securities Exchange Commission regarding the issuers and the operations with securities, of the Regulation no 6/2009 of the National Securities Exchange Commission regarding the exercise of certain rights of the shareholders in the general meetings of the shareholders in companies, and of the Constitutive Deed of AEROSTAR S.A.
RESOLUTION no 5
Sole Article. With 133.175.816 votes "for" and 0 votes "against" and 0 votes "abstentions",
the approval of the Budget of Revenues and Expenses for the year 2018, as follows:
The budget of the General Activity for the year 2018 (Annex 1),
with the following main elements:
340.000 thousand lei
350.500 thousand lei
314.013 thousand lei
Gross result:
36.487 thousand lei
29.919 thousand lei
Budget of the Treasury Activity for the year 2018 (Annex 2);
Main Economic- Financial Indicators for the year 2018 (Annex 3)
THE BUDGET OF THE GENERAL ACTIVITY
(the amounts are expressed in thousands lei)
Revenues from the variation of stocks of finished products and production in progress
Revenues from the activity performed by the entity and capitalized
Total Revenues from Operations
Expenses with materials
Expenses with manpower, of which:
Expenses with employees benefits
Other expenses with manpower
Expenses related to external suppliers
Expenses with amortization of immobilizations
Other expenses with operations
Expenses with depreciation of assets
Expenses related to provisions
(134.100)
(110.065)
(95.056)
(134.400)
(103.124)
(90.562)
(35.200)
(21.192)
Total Expenses with Operations
(309.513)
(297.616)
(314.013)
(303.116)
Tax on current profit and deferred
Net Profit of the financial year
Capital Expenses, of which:
- for environment protection
- for digital transformation
Sources for financing the capital expenses, of which:
PRESIDENT OF THE BoD
VICEPRESIDENT OF THE BoD
DORU DAMASCHIN
THE BUDGET OF THE TREASURY ACTIVITY
TREASURY CASH FLOWS FROM OPERATIONS
352.920
Tax reimbursed from the State Budget
(253.323)
Payment of taxes, contributions and due to State Budget
(44.472)
Payment of tax on profit
TREASURY CASH FLOWS FROM INVESTMENTS
Installments received from loans granted
Payments for acquisition of immobilizations
NET CASH FROM INVESTMENTS
(39.277)
TREASURY CASH FLOWS FROM FINANCING OPERATIONS
NET CASH FROM FINANCING OPERATIONS
Cash and cash equivalent at the year start
Cash and cash equivalent at year end
I. Liquidity Indicators
1. General liquidity
2. Immediate liquidity
3. General solvecy rate
II. Risk Indicators
1. Indebtness rate indicator
III. Activity Indicators
1. Rotation of total assets
2. Rotation of immobilized assets
3. Rotation of circulating assets, of which:
- Rotation of stocks
- Rotation of total receivables
- Rotation rate of client debits
4. Rotation of total liabilities, of which:
- Rotation rate of supplier credits
> 1,20
> 4,00
> 4,50
IV. Profitability Indicators
1. Financial efficiency rate
2. Efficiency rate for consumed resources
3. Rate of profit from operations
4. Net profit rate
V. Indicators of circulating fund
1. Company own circulating fund
2. Circulating fund required
3. Net treasury
RESOLUTION no 6
Art.1. With 133.175.816 votes "for" and 0 votes "against" and 0 votes "abstentions", the approval to set the net allowance of the Directors (administrators) at the level of 4.500 lei for the financial year 2018.
Art.2. a) Approve as maximum level for the additional remunerations of the members of the Board of Directors who also have executive attributions, of a fixed, monthly amount of maximum 10 (ten) times (inclusively) the remuneration set as per art.1, applied on an individual basis, as applicable to each case.
b) Empower the Board of Directors to negotiate them within the level approved.
Art.3. With 133.175.816 votes "for" and 0 votes "against" and 0 votes "abstentions", to designate a person, as representative of the general meeting of shareholders and, such person will represent the company, to edit and sign, with each of the members of the Board of Directors, the additional agreement to the specific contract, as applicable to each.
Art.4. With 133.175.816 votes "for" and 0 votes "against" and 0 votes "abstentions", to empower and give the mandate to Mrs. RUSU ELENA, to edit and sign, with each of the members of the Board of Directors, the additional agreement to the specific contract, as applicable to each.
RESOLUTION no 7
Sole Article. With 133.175.816 votes "for" and 0 votes "against" and 0 votes "abstentions", to register in accordance with the legal provisions, as “other revenues” the dividends for the year 2013 not collected and prescribed, which are outstanding balance as on the end of the date of 23.10.2017.
RESOLUTION no 8
Sole Article. With 133.175.816 votes "for" and 0 votes "against" and 0 votes "abstentions", the approval of the date of 29 December 2017 as the Record Date, in accordance with art. 86 para 1) of the Law no 24/2017 regarding the issuers of financial instruments and market operations.
With reference to the proposed record date, the ex date will be 28 December 2017.
RESOLUTION no 9
Sole Article. With 133.175.816 votes "for" and 0 votes "against" and 0 votes "abstentions", to empower the President- General Director of the Company, Mr. eng. Grigore Filip, with the possibility of substitution, in order to:
a) conclude and/or sign on behalf of the Company and/or on behalf of the Company shareholders: the decisions of the present Ordinary General Meeting of Shareholders, any and all of the resolutions, documents, applications, forms and requirements adopted/ prepared in the purpose to or for the execution of the resolutions of the present Ordinary General Meeting of Shareholders, in relation to any natural or legal person, private or public; and
b) to perform all the legal formalities for registration, opposability, execution and
publication of the resolutions adopted.
President of the Board of Directors- General Director
AEROSTAR S.A. BACAU
ON THE DATE OF CONVENING
The share capital of Aerostar S.A. Bacau in total amount of 48.728.784 lei is divided into
152.277.450 shares with nominal value of 0,32 lei / share.
All the shares of Aerostar S.A. Bacau are comprised in a single class of shares and they are
nominative, ordinary, dematerialized, indivisible, of equal value and equal rights.
GMS Permanent Secretary,
ARS_20171215085913_Raport-curent-Hotarari-AGOA-14dec2017-ro.pdf
ARS_20171215085924_Raport-curent-Hotarari-AGOA-14dec2017-en.pdf