Announcements

Annual general meeting of shareholders of Olympic Entertainment Group AS

Posted on 12.05.2009

Agenda for the annual General Meeting is the following:
1. Approval of annual report;
2. Distribution of profit;
3. Recalling of members of the Supervisory Board;
4. Appointment of auditor;
5. Remuneration of the Chairman of the Supervisory Board.

The Supervisory Board of OEG has approved the agenda of the General Meeting as presented by the Management Board and makes the shareholders the following proposals:

1. Approval of the annual report
The Supervisory Board of OEG makes the General Meeting of OEG a proposal to vote in favour of approving the annual report of OEG for financial year 1 January 2008 – 31 December 2008.

2. Distribution of profits
The Supervisory Board of OEG makes the General Meeting of OEG a proposal to vote in favour of allocating the net loss the financial year that ended 31 December 2008 in the amount of 459,227 thousand Estonian kroons to the undistributed profit of previous periods.

3. Recalling of members of the Supervisory Board
The Supervisory Board of OEG makes the shareholders a proposal to vote in favour of recalling the Supervisory Board members Mart Relve and Anders Galfensjö from 3 June 2009.

4. Election of the auditor
The Supervisory Board of OEG makes the shareholders a proposal to vote in favour of appointing Tiit Raimla from PricewaterhouseCoopers AS as a new auditor to OEG. The Supervisory Board makes the shareholders a proposal to remunerate the auditor for auditing economic activities of OEG during financial year 2009 in accordance with the agreement signed between OEG and PricewaterhouseCoopers AS.

5. Remuneration of the Chairman of the Supervisory Board
The Supervisory Board of OEG makes the shareholders a proposal to vote in favour of remunerating the Chairman of the Supervisory Board accordance with the agreement to be signed with the Chairman of the Supervisory Board.

List of shareholders entitled to vote at the General Meeting will be fixed on 24 May 2009 at 11.59 PM. Registration to the meeting will start on the day of the meeting, 3 June 2009, at 10.30 AM at Reval Park Hotel & Casino, Park Lounge. Registration will be carried out on the basis of an identification document and in case of the shareholder’s representative, power of attorney or any other document evidencing authorisation.

The annual report of OEG has been made available at company’s website www.olympic-casino.com and on business days from 9 AM till 5 PM also at Pronksi 19, 3rd floor as of 30 April 2009. Questions in respect of the items in the agenda of the General Meeting may be asked by e-mail: info@oc.eu or over phone +372 667 1250.


Andri Avila
Member of the Management Board of the Olympic Entertainment Group AS

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