Key Decisions from AS Trigon Property Development's AGM
Overview of AS Trigon Property Development's Annual Meeting
The annual general meeting (AGM) of shareholders for AS Trigon Property Development took place recently, focusing on critical financial matters and governance issues. The meeting provided an important platform for shareholders to engage with the company's management and to express their votes on several resolutions.
Participation and Voting Summary
Beginning promptly at 10:00, the AGM saw a strong turnout with 2,570,164 votes being cast. This represented an impressive 57,127% of all votes attributed to the company's shares, confirming that the meeting met the necessary quorum for decision-making.
Resolutions Passed
The meeting culminated in several key resolutions that will influence the direction of AS Trigon Property Development for the upcoming financial period.
Approval of the 2024 Annual Report
One of the first items on the agenda was the approval of the annual report for the financial year 2024. This report unveiled that the total balance sheet value amounted to 1,873,680 euros, and the net profit achieved was 167,409 euros. This positive performance is a testament to the company's solid operational strategies and management efficiency.
Voting Outcome
A robust majority of votes—99.96% in favor—was obtained, showcasing strong shareholder confidence in the company's performance and the management's efforts. The resolution was officially adopted, marking a significant endorsement of the company's financial reporting.
Net Profit Allocation Strategy
Following the approval of the annual report, shareholders discussed the allocation of net profits for 2024. The Management Board proposed carrying this profit into accumulated earnings, a decision aimed at fostering stability and growth within the company.
Support for Profit Allocation
Again, the resolution received overwhelming support with 99.96% approval, allowing AS Trigon to reinvest resources effectively. This decision reflects a commitment to long-term sustainability and shareholder value enhancement.
Auditor Appointment for 2025
A vital element discussed at the AGM was the appointment of the company’s auditor for the financial year 2025. The board recommended AS PricewaterhouseCoopers, a reputable firm entrusted with ensuring financial accountability and transparency.
Remuneration for Services
The remuneration for the auditing services will be determined through a contract set to be established with the appointed auditing firm. The approval received a favorable vote, further reflecting shareholder confidence in the company's financial governance.
Supervisory Board Member Compensation
The last resolution addressed the remuneration of a key Supervisory Board member, Aivar Kempi. The proposal included a one-off payment of 2,400 euros alongside a monthly fee of 200 euros starting from June 21, 2025. This structured compensation aims to reward performance while ensuring continued oversight of the company's operations.
Final Remarks on Resolutions
The resolution regarding remuneration also passed overwhelmingly, signifying strong support from the shareholders for the management team's leadership and oversight role within the company.
Availability of Meeting Minutes
For those seeking further details, the minutes of the AGM will be made accessible on the company’s website. This transparency is crucial for maintaining trust and engagement with the shareholders.
Contact Information
For inquiries, Rando Tomingas, a Member of the Management Board, can be contacted directly at +372 66 79 200 or via email at info@trigonproperty.com. The company is committed to maintaining open lines of communication with all stakeholders.
Frequently Asked Questions
What was the main outcome of the AGM?
The AGM resulted in several vital resolutions, including the approval of the annual report, profit allocation, and auditor appointment.
How did shareholders vote on the annual report?
The annual report received 99.96% support from the voting shareholders.
Who will be the auditor for 2025?
AS PricewaterhouseCoopers has been appointed as the auditor for AS Trigon Property Development for the fiscal year 2025.
What is the contact information for the company?
Rando Tomingas can be reached at +372 66 79 200 or through email at info@trigonproperty.com.
Where can I find the minutes of the AGM?
The minutes will be available on the company’s official website for all shareholders and stakeholders to review.
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