The Management Board of AS "MADARA Cosmetics", registration number: 40003844254, legal address: 131 Zeltiņu Street, Mārupe county, Mārupe, LV 2167, Latvia (hereinafter - the "Company"), hereby convenes the Company's Annual General Meeting of shareholders. The meeting will take place on 19 June 2026 at 9:30 at the Company's premises: 131 Zeltiņu Street, Mārupe county, Mārupe, LV 2167, Latvia.
The Management Board of the Company will provide the shareholders with the possibility to vote before the meeting and to connect to the meeting remotely, without physical attendance.
The meeting agenda includes the following items:
Reports of Management Board, Supervisory Board and the statement of sworn auditor, approval of the Annual reports for 2025.
Distribution of the profit.
Election of the auditor and determining the remuneration to the auditor.
Election of the Supervisory Board and determining the remuneration to members of the Supervisory Board.
The record date for shareholders' participation at the Company's Annual General Meeting of shareholders is 11 June 2026. Only the persons who are shareholders on the record date with the number of shares held by them on the record date are authorized to participate in the Annual Meeting of shareholders of the Company on 19 June 2026, as well as to vote in writing before the shareholders' meeting.
Shareholders have a right to participate in the meeting (including filling and submitting the voting before the meeting) in person or by mediation of their legal representatives or authorized persons. If the shareholder is represented by the authorized person, the power of attorney should be attached to the voting or the application form but legal representatives should attach to the voting or the application form the document proofing representation rights. The power of attorneys issued by natural persons should be notarised. The form of a written power of attorney is available on website the Company https://investors.madaracosmetics.com/ and website of AS Nasdaq Riga http://www.nasdaqbaltic.com, and is published together with this notification.
Voting before the meeting:
Shareholders are invited to exercise their rights to vote in writing before the shareholders' meeting by sending a vote signed with a secure electronic signature to the e-mail: ir@madaracosmetics.com or signed in paper form by post to the legal address of the Company: 131 Zeltiņu Street, Mārupe county, Mārupe, LV 2167, Latvia.
The required voting form will be available on the Company webpage at https://investors.madaracosmetics.com/ as well as on AS Nasdaq Riga www.nasdaqbaltic.com.Such a vote will be considered if received by 18 June 2026. The voting form is published together with this notification.
Shareholders who voted before the meeting will be considered present at the meeting. A shareholder who has voted before the shareholders' meeting may ask the Company to confirm the receipt of the vote. The Company shall send a confirmation to the shareholder immediately upon receipt of the shareholder's vote.
Participation and voting at the meeting:
The registration and identification of shareholders will take place in the following order:
1. The shareholder must submit the application form signed with a secure electronic signature to the e-mail address: ir@madaracosmetics.com or a signed in paper form by post to the legal address of the Company: 131 Zeltiņu Street, Mārupe county, Mārupe, LV 2167, Latvia, by 18 June 2026 at 17:00. If the shareholder wants to participate in the meeting remotely, a copy of shareholder's (or representative's) identification document together with contacts (phone number and e-mail) should be attached to the application form in order to carry out identification of the shareholder. The application form is published together with this notification.
2. Shareholders applied for participation in the meeting remotely will receive an individual connection link to the meeting by indicated e-mail until 8:45 on 19 June 2026.
3. Shareholders who have applied for participation in the meeting remotely using the link provided must join the meeting not later than at 9:00 and be prepared to present a personal identification document to carry out the video identification.
4. The registration of shareholders who have applied for participation in the meeting in a presence will take place on the day of the shareholders' meeting on 19 June 2026 from 9:00 to 9:20 at the meeting venue. Shareholders or their representatives should present passport or other identification document upon registration.
The shareholders representing at least one-twentieth of the Company's share capital, have the right to request the Company's Management Board to include additional points on the agenda of the Meeting no later than by 4 June 2026 (including), by sending them by post to the legal address of the company at 131 Zeltiņu Street, Mārupe district, Mārupe, LV 2167, Latvia, or by sending them to the e-mail address: ir@madaracosmetics.com signed with a safe electronic signature. Shareholders representing at least one-twentieth of the Company's share capital have the right, in accordance with the procedure described above, to submit draft resolutions on the items included in the agenda of the shareholders' meeting until 12 June 2026 (included).
The Company's draft resolutions of the meeting are published together with this notification.
Information on the shareholders' meeting is also available on the website of the Company https://investors.madaracosmetics.com/ and website of AS Nasdaq Riga http://www.nasdaqbaltic.com. The total amount of shares and the total amount of the shares with voting rights of the Company is 3 785 534.
Annexes:
1) Application form for participation at AS "MADARA Cosmetics" meeting of shareholders.
2) Power of Attorney form.
3) Management Board proposal for the profit distribution.
4) Draft resolutions.
5) Voting form.
6) Report of the Supervisory Board.
7) Biographic description of Supervisory Board member candidate Jenni Juhola.
Management Board of AS MADARA Cosmetics
The shares of AS Madara Cosmetics are admitted to trading on Nasdaq Baltic First North Market.
The Certified Adviser for AS Madara Cosmetics is ZAB Eversheds Sutherland Bitāns SIA.
About AS MADARA Cosmetics
Founded in 2006, AS MADARA Cosmetics is the largest cosmetics manufacturer in Latvia. The Company develops and produces natural skincare and decorative cosmetics, certified by ECOCERT/COSMOS, and exports to more than 35 countries. Since 2017, MADARA shares have been listed on Nasdaq Baltic's alternative market First North. The Company and the MÁDARA brand have received multiple awards for innovation, sustainability, design, and product excellence, both in Latvia and internationally.
In 2025, MADARA obtained B Corp certification, affirming its commitment to responsible, sustainable, and transparent business practices. It has also been recognised as a family-friendly workplace (2023) and a top employer in the manufacturing sector (2023, 2024), while the MÁDARA brand was named the greenest brand in the Baltics (2023).
In 2025, AS MADARA Cosmetics reported a consolidated turnover of EUR 23.22 million, marking an 12% like-for-like year-over-year increase.