Annual general meeting of Harju Elekter shareholders will be held on Thursday, 8 May 2014, beginning at 10:00 a.m., at venue of Keila Kultuurikeskus (address: Keskväljak 12, Keila).
The Supervisory Board of the Joint Stock Company Harju Elekter determined the following agenda of the general meeting:
1. Approval to AS Harju Elekter annual report of the year 2013.
To approve the annual report of AS Harju Elekter of 2013, prepared by the management board and approved by the supervisory board, according to which the consolidated balance sheet total of AS Harju Elekter was 71,071 thousand euros as of 31.12.2013, while the turnover of the financial year was 48,288 thousand euros and net profit 5,162 thousand euros.
2. Approval to profit distribution.
To approve the profit distribution proposal of AS Harju Elekter of 2013 as presented by the management board and as approved by the supervisory board as follows:
| retained profit from previous periods on 31.12.2013 | 13,473 thousand euros |
| total net profit of the financial year | 5,162 thousand euros |
| total retained profit on 31.12.2013 | 18,635 thousand euros |
Management board’s proposal for the distribution of profit as follows:
| dividends (0,10 euros per share*) | 1,740 thousand euros |
| balance carried forward after profit distribution | 16,895 thousand euros |
The dividends will be paid to the shareholders on 27 May 2014 by a transfer to the bank account of the shareholder. * The shareholders registered in the shareholders’ registry on 22 May 2014 at 23.59 shall be entitled to dividend.
3. Election of the new supervisory board member to replace the resigned member
3.1. To acknowledge the letter of resignation of Mr Madis Talgre from the supervisory board from 8th of May 2014, dated 16.04.2014;
3.2. To elect Mr Aare Kirsme as the new supervisory board member of AS Harju Elekter. Mandate enters into force date of this decision. Mr Kirsme has submitted his written acceptance on becoming the new supervisory board member of AS Harju Elekter.
Information concerning the procedure for and term of exercising the rights specified in § 287 of the Commercial Code, § 293 (2), § 293 (3) and § 2931 (4) is available on the website of AS Harju Elekter: www.harjuelekter.ee
Since 17.4.2014 the annual report of 2013, agenda and proposals to the AGM of shareholders are available for preliminary examination in the Internet, company’s home page or in Keila, 31 Paldiski Road. Questions about agenda items can be sent to the address yldkoosolek@he.ee. Questions, answers and the positions of the meeting will be published on the website.
According to § 297 (5) of the Commercial Code, the list of shareholders entitled to vote at the meeting will be fixed at 23.59 on 1.05.2014. Registration of the participants starts on 8 May 2014 at 9 a.m. For the registration we ask you to take with you an identification document. A representative of shareholder is requested to take with him/her a document certifying their right of representation or a valid copy of the commercial register card.
Andres Allikmäe
Managing Director/CEO
+372 6747 400
Prepared by:
Moonika Vetevool
Corporate communication and investor relations manager
Tel: +372 671 2761
