News

Rome, Velenje, 28 July 2010 – Yesterday, Gorenje concluded a contract on the acquisition of a 100 percent ownership stake in Sweden based company Asko Appliances Group. The acquisition of the top-level Swedish provider of household appliances is a strategic match. Several important synergies are achieved for both companies with the possibility of a faster growth. Gorenje is thereby realising its strategy as a fast growing pan-European player.

Today, the constitutive meeting of the new Supervisory Board of Gorenje, d.d., was held and started its four year mandate. Mr. Uroš Slavinec was elected as chairman of the Supervisory Board, deputy chairmen became Mrs. Dr. Maja Makovec Brenčič in Mr. Krešimir Martinjak. The Audit Committee was appointed as follows: Keith Miles, president, Drago Krenker, member, and Mag. Sc. Aleksander Igličar, expert in auditing and member. Mandate of an audit committee is to be till the end of the term of office of the Supervisory Board of the Company, i.e. on the 19th of July 2014.

The company Gorenje, d.d., increased the stake in the company Gorenje Surovina, d.o.o. On 12 July 2010, Gorenje, d.d., purchased from Probanka, d.d., a 21.44% stake in the company Gorenje Surovina, d.o.o., Maribor, that effectively translates into 72.44% of total stake in Gorenje Surovina. With this purchase Gorenje is continuing the strategy of strengthening its role in the area of environmental protection, which is in accordance to the implementation of the directive on the recycling of electronic and electrical waste (WEEE Directive).

The Supervisory Board has yesterday, on the 15th of July 2010 at the 44th Board Meeting, discussed and adopted the Management Board proposal of the company’s share equity increase in accordance with the shareholders’ resolution, passed at the Annual General Meeting on the 28th of May 2010. With this, the formal procedure of increase of the registered share capital maximum to EUR 7,832,064.76 by issuing maximum 1,876,876 ordinary transferable registered shares with no par value, has started and the shares will be classified in the same class as the existing regular shares of this issuing entity.

The Management Board of Gorenje, d.d., Partizanska 12, Velenje, Slovenia, pursuant to the provisions of the Companies Act (ZGD-1), the Market of Financial Instruments Act (ZTFI), the Ljubljana Stock Exchange Rules and the Corporate Governance Code for Joint Stock Companies, hereby announces the resolutions passed at the 15th Annual General Meeting (AGM) of Gorenje, d.d., held on Thursday, July 15th 2010, starting at 12 p.m., in the Grand Hall of Hotel Paka in Velenje, Rudarska ul. 1, Slovenia.

The company IFC, 2121 Pennsylvania Ave., N.W. 20433, Washington, DC, USA, informed us on 9th July 2010, that as on 8th July2010 they acquired 1,876,876 shares issued by the company Gorenje, d.d., which, represent 11.7991 per cent of all voting rights in the company Gorenje, d.d. Before this acquisition, this company held no shares of the issuer Gorenje, d.d., with the symbol GRVG.

Today, on 5 July 2010 has Gorenje, d.d., based on the finished procedure of subscribed and paid new shares of Gorenje, d.d., received the resolution of the court register, Celje, No. Srg 2010/23517, dated on 5 July 2010. This resolution is relating to the registration of share capital changes from EUR 58,546,152.56 to EUR 66,378,217.32, No. of shares from 14,030,000 to 15,906,876 and changes of statute, related to above quoted changes.

Brussels, Velenje – 30 June, 2010 – CEO and President of Gorenje Franjo Bobinac was elected to the Steering Committee of the European Committee of the Domestic Equipment Manufacturers (CECED) at CECED's General Assembly Meeting. The Steering Committee acts as supreme body of the CECED as it draws up guidelines for CECED's activities.