Invitation to the General Meeting of Shareholders of IBA Group a.s.
The Chairman of the Board of Directors of IBA Group a.s., ID No. 273 65 824, with registered office at Petržílkova 2583/13, Prague 5, convenes the Annual General Meeting of IBA Group a.s. on 06 June 2022 at 11.00 a.m.
The Annual General Meeting will be held at the company’s registered office in Prague 5, Petržílkova 2583/13 with the following agenda:
Agenda
- Opening, determination of quorum, election of Annual General Meeting bodies.
- Presentation of the Annual Report for the year 2021, including the report of the Chairman of the Board of Directors on the business activities for the past financial year and the outlook for 2022.
- Presentation of the financial statements for 2021 and proposal for profit distribution.
- Opinion of the Board of Directors on the financial statements for 2021 and on the proposed distribution of profit for 2021.
- Approval of the 2021 financial statements and decision on the distribution of 2021 profits.
- Presentation of the Report on Relations between Affiliated Persons.
- Conclusion of the Annual General Meeting.
Proposed resolutions on the particular points of the agenda of the Annual General Meeting and their justification:
On point 1)
Proposed resolution: the Annual General Meeting elects the Chairman of the General Meeting, the Recording Secretary, the Verifier of the Minutes and the person responsible for counting the votes.
Rationale: The proposal for the composition of the company’s bodies is based on the legal requirements and the company’s Articles of Association and follows the company’s previous practice. The Chairman of the Board of Directors considers the proposed candidates to be suitable candidates for the above-mentioned positions in view of their qualifications and experience.
On point 2)
Proposed resolution: the Annual General Meeting will be presented with the annual report on the company’s business activities and assets, including a report by the Chairman of the Board on the business activities for the financial year 2021 and an outline of the outlook for 2022.
Rationale: This point is based on the legal requirements and the Company’s Articles of Association and follows the Company’s previous practice.
On point 3)
Proposed resolution: the Annual General Meeting notes the report on the 2021 annual accounts and the proposal for the distribution of profits.
Rationale: This point is based on the legal requirements and the company’s Articles of Association and follows the company’s previous practice. The Chairman’s report on the annual accounts is attached to this invitation.
On point 4)
Proposed resolution: the Annual General Meeting notes the Board of Directors’ report on the annual accounts and the proposal for the distribution of profits for 2021.
Rationale: This point is based on the legal requirements and the company’s articles of association and follows the company’s previous practice. The opinion of the Board of Directors is attached to this invitation.
On point 5)
Proposed resolution: the Annual General Meeting approves the Company’s financial statements for 2021 with the proviso that the profit will be charged to retained earnings from previous years.
Rationale: This point is based on the legal requirements and the Company’s Articles of Association and follows the Company’s previous practice.
On point 6)
Proposed resolution: the Annual General Meeting is informed by the Chairman of the Board of Directors of the Report on Relations between Affiliated Parties dated 21 March 2022, which concludes that the Company has not suffered any damage.
Rationale: This point is based on the company’s current practice.
The annual accounts and all other annexes to this invitation may be inspected by shareholders at the company’s registered office on working days between 06th of May 2022 and 06th of June 2022 between 9.00 a.m. and 12.30 p.m.
In Prague 06.05.2022
Sergei Vadimovich Levteev
The Chairman of the Board of Directors