Liven AS Annual General Meeting Highlights and Resolutions

Overview of the Annual General Meeting

The annual general meeting for Liven AS recently took place, gathering shareholders to discuss essential resolutions affecting the company’s future. This meeting served as a platform for shareholders to voice their opinions and vote on significant agenda items, reinforcing the company’s commitment to transparency and shareholder engagement.

Attendance and Voting Rights

This year's meeting saw the participation of 22 shareholders. Collectively, they represented 11,032,527 votes, demonstrating a remarkable turnout, accounting for 99.33% of the voting rights. Such strong engagement from the shareholders reflects their confidence in the company's direction and performance.

Key Resolutions Adopted

During the meeting, several critical resolutions were unanimously approved:

Approval of the Annual Report for 2024

The shareholders approved the consolidated annual report for the financial year 2024, which was prepared by the management board. All votes confirmed the credibility and thoroughness of the report, with 100% support from those in attendance.

Profit Distribution Decisions

One of the most anticipated resolutions was the distribution of profits for the fiscal year 2024. The management board proposed a well-structured profit distribution plan:

• The net profit for the year was confirmed to be EUR 558 thousand.
• Out of this, EUR 2 thousand was allocated to the mandatory reserve capital.
• Shareholders will receive a total dividend payout of EUR 180 thousand.
• Additionally, EUR 376 thousand will be transferred to retained earnings from prior periods.
• An important note is that the list of shareholders eligible for dividends will be captured at the close of business on a specified date, ensuring accurate distribution.

The resolution received overwhelming support, with 99.89% of votes in favor, showcasing shareholders' satisfaction with the management's commitments.

Appointment of the Auditor

The last resolution focused on appointing KPMG Baltics OÜ as the auditor for the period covering 2025 to 2026. This decision was made to ensure independent oversight of the company’s financial practices moving forward. Shareholders approved the appointment, with votes indicating 99.89% support, signaling confidence in KPMG's capabilities to guide the company through the next financial years effectively.

Concluding Remarks

The annual general meeting concluded with positive discussions about Liven AS's performance and strategic direction. These approved resolutions lay a solid foundation for shareholders as the company continues to navigate its growth and objectives in the market. The collaborative spirit displayed by shareholders and management underscores a shared vision aimed at enhancing shareholder value and corporate responsibility.

For any inquiries or further information, you may contact:

Joonas Joost
Liven AS CFO
E-mail: joonas.joost@liven.ee

Frequently Asked Questions

What were the main outcomes of the Liven AS annual general meeting?

The meeting resulted in the approval of the annual report for 2024, a profit distribution plan, and the appointment of an auditor.

How much profit was approved for distribution among shareholders?

Shareholders approved a total profit distribution amounting to EUR 180 thousand, alongside other allocations and reserves.

Who is the new auditor for Liven AS?

KPMG Baltics OÜ was appointed as the auditor for the years 2025-2026.

When can shareholders expect to receive their dividends?

Dividends are slated to be paid on or around a specified date post-meeting, ensuring timely distribution to eligible shareholders.

What percentage of shares were represented at the meeting?

11,032,527 votes were represented, constituting 99.33% of the total voting rights, indicating a high level of shareholder engagement.

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