Key Outcomes from AS Ekspress Grupp's Annual Meeting

Significant Resolutions from AS Ekspress Grupp's Shareholders Meeting

On a notable day for AS Ekspress Grupp, shareholders gathered for their annual meeting to discuss critical company decisions. This meeting attracted substantial participation, with 82.21% of the voting rights represented. Let's delve into the resolutions that shape the future of AS Ekspress Grupp.

Approval of the 2024 Annual Report

The first resolution that caught the attention was the unanimous approval of the annual report for 2024. This report encapsulates the company's financial performance from January 1 to December 31, 2024, representing a year of vigorous activity and strategic direction for the group.

Distribution of Profits

Another significant decision was regarding the profit distribution for the 2024 financial year. AS Ekspress Grupp decided to allocate EUR 3.25 million for dividends, which includes a payment of six euro cents per share, totaling EUR 1.86 million. Alongside this, a statutory reserve of EUR 0.13 million was established, and EUR 1.26 million will augment retained earnings. This thoughtful allocation underscores the company's commitment to rewarding shareholders while investing in its future growth.

Dividend Eligibility and Payment Dates

Shareholders who were registered in the company’s shareholder registry by the end of the business day on June 6, 2025, will be eligible to receive dividends. With the ex-dividend date set for June 5, 2025, it's crucial for interested investors to act swiftly. Dividends are scheduled for payment on June 12, 2025, directly into shareholders' linked bank accounts.

Governance Enhancements: Board Elections

Following the financial matters, the meeting moved to the governance side, electing two new members to the Supervisory Board, Mr. Ülar Maapalu and Mr. Argo Virkebau, each serving a five-year term until May 23, 2030. Their experience and leadership are expected to steer the company through the evolving media landscape.

Board Member Remuneration

In recognition of their significant responsibilities, the monthly remuneration for Supervisory Board members was set at EUR 2,000 gross, while the chairman's fee will be EUR 4,500 gross. This structure aims to attract and retain top talent in governance roles.

Changes in the Supervisory Board

As part of the governance reform, two members, Triin Hertmann and Hans Luik, were recalled from their roles on the Supervisory Board. Such transitions reflect AS Ekspress Grupp’s dedication to optimization and strategic alignment within its leadership.

Commitment to Media Leadership

AS Ekspress Grupp stands as the leading media group in the Baltic region, engaging in diverse activities that include digital media, publishing, and ticket sales. Today, the group employs close to 1,100 individuals, showcasing a dynamic workforce committed to delivering quality media content.

For additional inquiries, you can contact Mari-Liis Rüütsalu, Chairman of the Management Board, at +372 512 2591 or through email.

Frequently Asked Questions

What were the key resolutions in the latest meeting of AS Ekspress Grupp?

The key resolutions included the approval of the 2024 annual report and the allocation of profits for dividends and reserves.

How much was allocated for dividends?

A total of EUR 3.25 million was allocated for dividends and reserves, with six euro cents per share set for dividends.

Who were elected to the Supervisory Board?

Mr. Ülar Maapalu and Mr. Argo Virkebau were elected as new members of the Supervisory Board.

When will the dividends be paid to shareholders?

Dividends are scheduled to be paid on June 12, 2025, to eligible shareholders.

What is the significance of the Annual General Meeting?

The Annual General Meeting is crucial for discussing financial performance and governance strategies, impacting shareholders and stakeholders alike.

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