Structure of shareholders

Structure of shareholders at 31 December 2022

As at 31 December 2022, AS Harju Elekter (since 17 May 2023 AS Harju Elekter Group) had 10,584 shareholders. During the last five years, the number of shareholders of Harju Elekter has increased by 8,116 shareholders, of which 1,197 were added in the last year.

The steadily increasing number of shareholders indicates that Harju Elekter is reliable in investment portfolios.

The largest shareholder of AS Harju Elekter is the locally owned AS Harju KEK, which holds 30.44% of the company’s share capital.

Estonian shareholders own 86.6% of Harju Elekter’s shares (31.12.2021: 86.3%), foreign capital holds 13.4% (31.12.2021: 13.7%).

As at 31 December 2021, the members of the company’s Supervisory Board and Management Board held, directly and indirectly, a total of 4.12% of the company’s shares (Note 16 and Corporate Governance Report). The full list of shareholders of AS Harju Elekter Group is available on the Nasdaq CSD website.