Minutes of annual general meeting
Resolutions of the Annual General Meeting of Shareholders of AS Ekspress Grupp held on 13 June, 2016
Tallinn, Estonia, 2016-06-13 12:20 CEST (GLOBE NEWSWIRE) --
On 13 June, 2016, the Annual General Meeting of the Shareholders of AS Ekspress Grupp was held in Tallinn, Parda str 6.
Out of 29 796 841 votes 22 886 296 votes were represented at the Meeting, i.e. 78,6% of the votes.
The General Meeting of the Shareholders of AS Ekspress Grupp adopted the following resolutions:
1. Approval of the Annual Report for the Financial Year 1 January 2015 - 31 December 2015
By 22 877 383 votes in favour (100 votes against, 8813 votes abstained), to approve the Annual Report for the Financial Year 1 January 2015 - 31 December 2015 of AS Ekspress Grupp.
2. Approval of the 2015 Profit Distribution Proposal
By 22 886 196 votes in favour (100 votes against, 0 votes abstained), to approve the Profit Distribution Proposal, according to which the legal reserve will be increased by 135 thousand Euros from the 2015 net profit, which is 2707 thousand Euros, dividends will be paid to the shareholders 5 (five) euro cents per share and 1116 thousand Euros will be allocated to the retained earnings of the previous periods. The right to participate in distribution of profits applies to shareholders who have been registered in the list of AS Ekspress Grupp shareholders as of 29 June 2016 at 23:59. Dividends will be transferred to shareholder’s bank account on 6 July 2016.
3. Amendment of Articles of Association
By 22 886 196 votes in favour (100 votes against, 0 votes abstained), to approve the proposal to amend the Articles of Association by fixing the mistakes related to numbering and add the following articles:
“6.10. The management board may decide that the shareholders may participate in the general meeting and excercise their right using electronic means without physically attending the general meeting and without appointing a representative.
6.11. Electronical participation ways are:
6.11.1. participation in a general meeting by means of real-time two-way communication throughout the general meeting or in another similar electronic way, which enables the shareholder to watch the general meeting from a remote location, vote using electronic means throughout the general meeting on each draft of the resolution and address the general meeting at the time determined by the chairman of the meeting;
6.11.2. voting on the draft resolutions prepared in respect to the items on the agenda of the general meeting using electronic means prior to the general meeting or during the general meeting.
6.12. The use and the procedure of the electronic voting shall be determined by the management board at each time.
6.13. The procedure of the electronic voting shall ensure the identification of the shareholders and the security and reliability of the electronic voting and be proportionate for the achievement of the above objectives.”
Chairman of the Management Board
GSM: +372 5188111