Resolutions of the annual general meeting Tallinn,
Post# of 301275
Tallinn, Estonia, 2017-04-28 10:12 CEST (GLOBE NEWSWIRE) --
The general meeting of shareholders of AS Merko Ehitus was held on April 28 th 2017 and the following decisions were made:
1. Approval of the annual report of the year 2016 and overview of the financial results and the prospective of the on-going year
The general meeting of shareholders decided to approve the annual report of the year 2016 and take note of the Management Board’s overview of the financial results and prospective outlooks of the on-going year.
2. Decision on distribution of profits
The general meeting of shareholders decided to:
- approve the net profit for the year 2016 as EUR 6,121,804;
- pay the shareholders the total amount of EUR 7,257,000 as dividends from net profit brought forward, which totals to EUR 0.41 per share;
- shareholders, entered into the share register of AS Merko Ehitus on May 24 th 2017, at 23.59, will be entitled to dividends;
- dividends will be paid to the shareholders on May 26 th 2017 by transferring the amount concerned to shareholder’s bank account, linked to security account;
- the outstanding net profit will not be distributed.
3. Deciding on the number of members of the Supervisory Board
Pursuant to the Articles of Association of AS Merko Ehitus, the Supervisory Board of the company has 3 to 5 members. The general meeting of shareholders decided that the Supervisory Board will have 3 members who will be elected for the term of next 3 years.
4. Extension of powers of members of the current Supervisory Board
The general meeting of shareholders decided to:
- extend the terms of office of members of the Supervisory Board Toomas Annus, Teet Roopalu and Indrek Neivelt until April 28 th 2020, i.e. for a period of three years from the moment of deciding the extension;
- continue remuneration of members of the Supervisory Board based on terms and conditions approved at general meeting of shareholders of AS Merko Ehitus, held on October 31st 2008.
The presentation used by the Mangement Board of AS Merko Ehitus at the general meeting of shareholders is enclosed to the current announcement.
Andres Trink Chairman of the Management Board AS Merko Ehitus +372 650 1250 andres.trink@merko.ee
AS Merko Ehitus ( group.merko.ee ) group consists of Estonia’s leading construction company AS Merko Ehitus Eesti, the Latvian-market-oriented SIA Merks, UAB Merko Statyba that is operating on the Lithuanian market, construction company Peritus Entreprenør AS in Norway and the real estate development business unit along with real estate holding companies. As at the end of 2016, the group employed 797 people and the company’s 2016 revenue was EUR 252 million.
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