Resolutions of AGM 2019

Today, on 2 May 2019 starting at 10 a.m., the annual general meeting of the shareholders of AS Harju Elekter was held at Keskväljak 12, Keila. The AGM was attended by 83 shareholders and their authorised representatives who represented the total of 12,173,587 votes accounting for 68.62 % of the total votes.

The agenda of the general meeting was as follows:
1. Approval to AS Harju Elekter annual report of 2018;
2. Approval to profit distribution

1. Approval to AS Harju Elekter annual report of the year 2018

The general meeting resolved:
To approve the annual report of AS Harju Elekter of 2018, prepared by the management board and approved by the supervisory board, according to which the consolidated balance sheet total of AS Harju Elekter was 98,153 thousand euros as of 31.12.2018, while the sales revenue of the financial year was 120,804 thousand euros and net profit 1,514 thousand euros.

The number of the votes given in favor of the resolution was 12,173,587 which accounted for 100.00% of the voted participants.

2. Approval to profit distribution

The general meeting resolved:
To approve the profit distribution proposal of AS Harju Elekter of 2018 as presented by the management board and as approved by the supervisory board as follows:

retained profit from previous periods on 31.12.2018

50,769,939 euros

total net profit 2018, attributable to owners of the parent company

1,545,940 euros

total retained profit on 31.12.2018

52,315,879 euros

 Management Board’s proposal for the distribution of profit as follows:

dividends (0,18 euros per share*)

 3,193,178 euros

balance carried forward after profit distribution

49,122,701 euros

*The shareholders registered in the shareholders’ registry on 16 May 2019 as of the end of the business day in the accounting system, shall be entitled to dividend. The dividend payment ex-date is 15 May 2019. From that date the new owner of the shares is not entitled to dividends for the year 2018. The dividends will be paid to the shareholders on 24 May 2019 by a transfer to the bank account of the shareholder. As a result of the amendment to the Income Tax Act, which entered into force at the beginning of 2018, dividends are paid in two portions.

The number of the votes given in favor of the resolution was 11,600,077 which accounted for 95.29 % of the voted participants.

  

Andres Allikmäe
Chairman of the Management Board
+372 6747 400

 

Prepared by:
Moonika Vetevool
Corporate communication and investor relations manager
+372 671 2761