Highlights from the TKM Grupp AS Annual General Meeting

Significant Decisions Made at TKM Grupp AS Annual General Meeting

The Annual General Meeting of Shareholders of TKM Grupp AS convened recently, gathering shareholders to discuss essential matters influencing the future of the company. A total of 28,714,877 votes were represented, signifying a participation rate of 70.50% from the company's total of 40,729,200 votes. Shareholders engaged in critical decision-making processes that would propel TKM Grupp AS forward.

Approval of Annual Report

One major decision involved the approval of the annual report for 2024. With an overwhelming majority of 99.51% votes in favor, shareholders ratified the report that detailed the company's financial standings. According to the Management Board's submissions, TKM Grupp AS reported a consolidated balance sheet amounting to 706,686 thousand euros. This report reflects the company's sales revenue of 944,568 thousand euros and a net profit of 27,477 thousand euros.

Understanding the Financials

The approval of the annual report is a significant milestone for TKM Grupp AS, showcasing transparency and accountability to its shareholders. By providing insights about sales performance and profit margins, the report lays down a firm foundation for strategic decision-making in the future. The shareholders' trust in the management's financial disclosures strengthens their relationship and paves the way for ongoing collaboration.

Distribution of Profits

The second major resolution concerned the distribution of profits. In another decisive move, 99.98% of shareholders backed the management's proposal to distribute the year’s profits. TKM Grupp AS has laid out a clear distribution plan, which involves utilizing retained earnings and profits accrued during the fiscal year to reward shareholders. The following details highlight the breakdown of the profits:

• Retained earnings from previous years: 102,989 thousand euros
• Net profit for 2024: 27,477 thousand euros
• Total distributable profit as of December 31, 2024: 130,466 thousand euros
• Dividend payout of 0.65 euros per share: totaling 26,474 thousand euros
• Retained earnings after the profit distribution: 103,992 thousand euros

Implications for Shareholders

For shareholders, the decision to pay dividends can significantly impact their investment returns. It reflects the company's health and commitment to offering value to its stakeholders. TKM Grupp AS will establish a list of eligible shareholders for the dividend payout by the end of March 2025, ensuring that those entitled will receive their dividends on April 3, 2025. Investors are encouraged to stay updated on these distributions to plan their finances accordingly.

Appointment of Auditor

Another important decision made during the meeting was the appointment of AS PricewaterhouseCoopers as the company’s auditor for financial years 2025-2027. With 99.89% of votes supporting this decision, it reflects the shareholders' confidence in edifying financial oversight. The fees associated with this audit will be determined by the company's Management Board.

Why Auditing Matters

Engaging a reputable firm like AS PricewaterhouseCoopers enhances the integrity of TKM Grupp AS’s financial reporting. Accurate and detailed auditing reinforces trust among shareholders and the wider market. This move is emblematic of TKM Grupp AS's commitment to maintaining stringent compliance with financial regulations and corporate governance standards.

Dividend Payment Ex-Date

As part of the profit distribution outline, the dividend payment ex-date is confirmed to be March 28, 2025. As per customary practices, shareholders purchasing shares after this date will not be eligible to benefit from the 2024 dividends. This clarity provides an essential timetable for potential investors and existing shareholders alike.

Looking Forward

All shareholders can look forward to a continuous relationship with TKM Grupp AS, marked by transparency and profitability. The meeting not only highlighted past successes but also set the groundwork for future growth and shareholder engagement. For those interested, a recording of the Annual General Meeting will be available post-event, providing insights for all stakeholders eager to learn more about the company’s future directions.

Raul Puusepp
Chairman of the Board
Phone: +372 731 5000

Frequently Asked Questions

What significant decisions were made during the meeting?

The major decisions included the approval of the annual report, profit distribution, and the appointment of an auditor.

How much profit is TKM Grupp AS distributing to shareholders?

The total dividend payout is 26,474 thousand euros, translating to 0.65 euros per share.

When will the dividend be paid?

Dividends will be paid to shareholders on April 3, 2025.

Who is the appointed auditor for TKM Grupp AS?

AS PricewaterhouseCoopers has been appointed as the auditor for the financial years 2025-2027.

What is the significance of the ex-date for dividends?

The ex-date is March 28, 2025, which determines eligibility for shareholders to receive dividends for the year 2024.

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