Parque Arauco S.A. calls Ordinary and Extraordinary Shareholders Meetings
On March 27th, 2014, the Board of Directors of Parque Arauco S.A. (“the Company”) called the Company’s annual Ordinary Shareholders Meeting to be held on April 22nd, 2014, beginning at 10:00 hours at the Company headquarters located at Teatro Mori, Av. Presidente Kennedy Nº 5413, Las Condes, Santiago. The following matters will be discussed and voted: 1. Approval of the Annual Report, Balance Sheet, Financial Statements and the External Audit Report for the year ending December 31st, 2013. The Annual Report (“Memoria”) can be found at the following link: http://www.parauco.com/?page_id=125 An English version of this document will be available in due course. Regarding the Company’s Financial Statements, these can be found on the company´s website: http://www.parauco.com/?page_id=127 2. Approval of the Board of Directors remuneration for 2014. There is no preliminary proposal for a change in the amount approved in 2013. For further details regarding past remuneration of the Board of Directors see Note 8 of the Company’s Audited Financial Statements, and page 72 of the Annual Report. 3. Approval of the Committee of Director’s annual budget and remuneration for its members for 2014. There is no previous proposal by the Board for a change in the budget and remuneration amounts approved in the annual shareholder meeting of 2013. For further details regarding past remunerations of the Committee of Directors see page 72 of the Company’s Annual Report. 4. Examination of operations with related parties as defined by Title XVI of Law 18.046, which can be viewed in Note 8 of the Company's Financial Statements. 5. Approval of External Auditors. The Board has proposed to designate KPMG, the Company’s current auditors, as the company´s external auditors for the year 2014. The reasons and criteria for this decision can be found on the company´s website: http://www.parauco.com/ingles/?page_id=222 6. Approval of Rating Agencies. 7. Approval of the local newspaper where the Company’s legal advices must be published. There is no previous proposal by the Board for a change in the newspaper designated in the annual shareholder meeting of 2013 8. Approval of payment of a dividend of CLP$ 27 per share, charged to the 2013 net income, which will be paid in Chile beginning on May 14th,2014, to all who were shareholders of the Company as of May 8th, 2014. 9. Discussion of any other matter that should be discussed in an Ordinary Shareholders' Meeting in accordance with Chilean law or the Company's bylaws.
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The Board of Directors has also called an Extraordinary Shareholders Meeting to be held immediately upon completion of the Ordinary Shareholders Meeting, where the following matters will be discussed and voted: 1. Approval of modifications to the Company’s capital in compliance with Article 26 of Law 18.046, and the decrease of the Company´s equity due to any cost or expense related to the issuance and placement of shares, and/or any other adjustment that may be agreed upon by the Extraordinary Shareholders Meeting. Article 26 refers to necessary changes to be made to the Company equity, by the greater or minor value generated in the process of issuance and placement of shares arising from a previous capital increase. 2. Approval of any amendment to the Company bylaws and adoption of any other agreement necessary or convenient for the execution of the decisions adopted by the Extraordinary Shareholders Meeting.
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