Ownership structure and resolutions of shareholders

Pursuant to Section 187(1) of the Commercial Code, the following decisions of the General Meeting were made.

At its meeting on 27 April 2010, the General Meeting of the Company:

  • Discussed the Report of the Board of Directors concerning the business activities of Komerční pojišťovna, a.s. and its assets for 2009,
  • Discussed the Company’s annual financial statements for 2009 and the proposal for profit distribution for 2009,
  • Discussed the Report of the Supervisory Board of Komerční pojišťovna, a.s. on the result of its audit activities and on a review of the Related Party Report of the Board of Directors pursuant to Section 66a(9) of Act No. 513/1991 Coll., Commercial Code,
  • Approved the Company’s Financial Statement for 2009,
  • Decided on the distribution of profit from 2009 so that out of the after-tax profit of CZK 71,736,355.79, the allocation to the Reserve Fund will be CZK 3,586,817.79, while CZK 68,149,538.00 will be carried over into retained earnings, so the final retained earnings will amount to CZK 204,429,344,
  • Notes the recommendations of the Supervisory Board and instructed the Board of Directors to convene an Extraordinary General Meeting, in accordance with the applicable statutory and regulatory requirements, to approve an increase of the Company‘s share capital by CZK 300 million by transferring the retained earnings to the share capital,
  • Elected Mr. Philippe Perret as a member of the Supervisory Board of Komerční pojišťovna, a.s. for another four-year term,
  • Approved work contracts with the members of the Supervisory Board Philippe Perret and Tomáš Mareda,
  • Authorized Deloitte Audit, s.r.o., Karolinská 2/654, 186 00 Prague 8 to perform an audit for the financial year 2010.

At its meeting on 30 June 2010, the Extraordinary General Meeting:

  • Decided, subject to approval of the ordinary financial statements for 2009, to increase the Company‘s share capital by CZK 301,384,000, i.e. from CZK 602,768,000 to CZK 904,152,000, from its own resources
  • In connection with the increase of the share capital, the nominal value of the Company‘s shares was increased as follows:
    • a) for 6,580 shares with the nominal value of CZK 74,600 each, by an amount of CZK 37,300 per share; the nominal value therefore changed from CZK 74,600 per share to CZK 111,900 per share,
    • b) for 3,000 shares with the nominal value of CZK 37,300 each, by an amount of CZK 18,650 per share; the nominal value therefore changed from CZK 37,300 per share to CZK 55,950 per share.