Significant Resolutions from Aktsiaselts Tallinna Vesi's Meeting
The Management Board of Aktsiaselts Tallinna Vesi convened an important Annual General Meeting, inviting shareholders to partake in crucial decision-making regarding the company. Shareholders were notified about the meeting through various platforms, ensuring transparency and inclusiveness.
Shareholder Participation
This year, the voices of 23 shareholders were recorded, representing a total of 15,105,048 votes out of the 20 million shares available. Notably, this turnout accounted for 75.53% of all votes. Such engagement highlights the commitment of shareholders to actively participate in the governance of the company.
Approval of the 2024 Annual Report
Details of the Report
During the meeting, one of the primary resolutions was to approve the consolidated 2024 Annual Report. With unanimous support, receiving 100% of the votes represented at the meeting, the report was passed. This approval demonstrates shareholder confidence in the company's operational transparency and performance.
Distribution of Profit
Comprehending the Financial Decisions
Another key resolution involved the distribution of profits. The company's net profit for 2024 was reported at €13,283 thousand. A significant portion of the retained earnings, amounting to €10,600 thousand, is set to be distributed among shareholders, allowing for a notable dividend payout of €0.53 per share. This decision reflects the company's healthy financial standing and commitment to rewarding its investors.
Dividend Distribution Details
According to the distribution resolution, no allocations will be made to the reserve capital. The proposed dividends are slated to be paid out on a specific date, with the relevant registration cut-off set for a few days prior. Only shareholders listed as of that closing date will receive dividends, further emphasizing the structured approach the management has taken in implementing this decision.
Appointment of Auditor
Ensuring Financial Integrity
Another pivotal decision was the election of the auditor for the upcoming financial years 2025 to 2027. Shareholders approved the appointment of AS PricewaterhouseCoopers following a competitive public tender process, showcasing the company's intention to maintain high standards of financial oversight. This choice underscores a commitment to integrity and accountability in financial reporting.
Closing Remarks and Future Actions
The minutes of the Annual General Meeting will be documented and made accessible on the company's website, ensuring ongoing communication with shareholders. This transparency is crucial in maintaining trust and confidence among stakeholders. The proactive approach towards communication is an essential part of the company's values.
About Aktsiaselts Tallinna Vesi
Aktsiaselts Tallinna Vesi continues to operate with a focus on delivering high-quality water services, prioritizing customer satisfaction, and ensuring sustainable operations. The company adapts to changing environments while maintaining robust fiscal policies. The promising future lies ahead as it navigates through market challenges with solid strategies in place.
Frequently Asked Questions
What were the main resolutions passed during the meeting?
The main resolutions included the approval of the 2024 Annual Report, the distribution of profits, and the appointment of an auditor for 2025 to 2027.
How much dividend will shareholders receive?
Shareholders will receive a dividend of €0.53 per share from the retained earnings.
Who was appointed as the auditor for the next financial years?
The auditor appointed for the financial years 2025 to 2027 is AS PricewaterhouseCoopers.
When will the dividends be paid out?
The dividends are set to be paid on a specified date, which will follow the cut-off for shareholder eligibility.
Where can I find the minutes of the meeting?
The minutes will be published on the company’s official website after the meeting.
