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Varteks to improve retail stores network

16 Jul '08
3 min read

In the Croatian National Theatre in Varazdin was held Main Assembly Varteksa Inc. In addition to the Board President Zoran Who š ceca and president of the Supervisory Board of Milan Horvat, the company's operations and support of local political institutions and the state said they varaždinski Mayor John Cehok and County Zvonimir Sabati. The plans by the end of 2008.

The expectations and future Chairman of the Board of Varteksa Zoran Košcec said - To continue, and the implementation zacrtane dynamics and goals in the process of restructuring are the two key projects, and to Varteksa are moving to a new location and implementation of the Strategy textile industry of Croatia which was adopted at the end of 2007.

Mr.This year obilježavamo 90. anniversary of the founding companies, which along with becoming a new corporate visual identity. We plan to continue growth in all aspects of strategic sales, development and placement of their own brands, improve retail networks and spreading to new overseas markets.

Cehok and Sabati in their speeches are supported by the business policy of the Board and expressed satisfaction with the results achieved the company.

Main Assembly has adopted the financial statements presented for Business 2007. year, and determined that the profits realized from 2007. in the amount of 3.939.944,19 Kuna orders to cover losses from previous years.

On the proposal of the Board and the Supervisory Board adopted the decision to provide razrješnice the President and members of the Board as well as Nadzornom committee to work in the past year. It has been found that the Maccabi Inc., gained 305,005 shares, individual par 200 kuna and the total nominal value of 61.001.000,00 kuna on condition that the shares sold at affordable terms of employees in accordance with the ESOP program. For the Company auditors were appointed Deloitte Ltd. from Zagreb and Revidicon Ltd. from Varazdin.

Cehok and Sabati in their speeches are supported by the business policy of the Board and expressed satisfaction with the results achieved the company.

Main Assembly has adopted the financial statements presented for Business 2007. in the amount of 3.939.944,19 Kuna orders to cover losses from previous years. On the proposal of the Board and the Supervisory Board adopted the decision to provide razrješnice the President and members of the Board as well as Nadzornom committee to work in the past year. It has been found that the Maccabi Inc., gained 305,005 shares, individual par 200 kuna and the total nominal value of 61.001.000,00 kuna on condition that the shares sold at affordable terms of employees in accordance with the ESOP program.

For the Company auditors were appointed Deloitte Ltd. from Zagreb and Revidicon Ltd. from Varazdin.

VARTEKS d.d.

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