Astarta determined to transfer net profit to retained earnings

Agri-industrial holding Astarta-Kyiv determined to adopt the net profit appropriation for the financial year 2017 and to transfer the amount of EUR 61,840 thousand to the company’s retained earnings.

The Agenda of the Annual General Meeting of Shareholders of ASTARTA Holding N.V. includes:

• proposal to appoint Mr. Gilles Mettetal as Non-Executive Director C of the company;
• proposal to reappoint Mr. Viktor Ivanchyk as Executive Director A of the company;
  
• proposal to reappoint Mr. Viktor Gladky as Executive Director A of the company;
  
• proposal to reappoint Mr. Marc Van Campen as Executive Director B of the Company.

Also, the Shareholders will consider the appointment of Mr. Zeljko Erceg (Operations Director of LLC Firm Astarta-Kyiv) as the person that will be temporarily charged with the management of the Company in the event that all Directors are absent or unable to act.

The Board of Directors will be entrusted with entering into negotiations with Ernst&Young, KPMG, Deloitte & Touche, Pricewaterhousecoopers, Grant Thornton, BDO and Baker Tilly and depending on the results of negotiations with these firms, to enter into an engagement with one of these accounting firms for rendering audit services for the financial year 2018.

Reference: according to the annual report of the agri-industrial holding Astarta-Kyiv for the year 2017, the company has two majority shareholders. Thus, Victor Ivanchyk, the CEO of the holding, through his Cyprus company Albacon Ventures Ltd owns 36.26% of the shares (2016: 37.8% of shares). And the international financial group Fairfax Financial Holdings Ltd (including subsidiaries) concentrated 28.06% of the shares. Valeriy Korotkov no longer owns Astarta's shares (2016: 25.99%).