Imlek's General Assembly of Shareholders on April 13 - Financial report adoption, profit distribution and new management appointment on agenda

The Managing Board of the largest domestic dairy industry Imlek has scheduled the regular annual general assembly of shareholders of this company for April 13. On that occasion, shareholders will discuss the adoption of the financial report for year 2010, make the decision on the profit distribution and appoint the new management.

Also, the report on Imlek's business policy for year 2011 will be adopted and the decision on acquisition of the company's own shares will be made at that meeting. The Day of Shareholders is March 17 and all shareholders or their proxies with minimum 25,000 shares in their possession on that day will have the right to vote. The Day of Dividend is March 17. The majority owner of Imlek is Danube Foods Group investment fund run by the management of Salford, which announced in late 2010 that it would sell all companies in Serbia, including Imlek, over the next two years.

This fact, as well as the acquisition of the company's shares by the company itself, has contributed to a big increase in the value of Imlek's shares, which grew by 27.5% in 2010, while the whole market registered a drop in value. Since the beginning of this year, the shares of Imlek have gained 13.8% in value. With the latest price of RSD 2,163 per share, the value of the company's market capitalization amounts to RSD 19.7 billion (EUR 191.7 million).

Imlek a.d. Padinska Skela

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