Decisions of the annual general meeting of shareholders of Tallinna Kaubamaja Grupp AS 23.03.2017
The Annual General Meeting of Shareholders of Tallinna Kaubamaja Grupp AS was held on 23 March 2017 in the Conference centre of Nordic Hotel Forum, Viru väljak 3, Tallinn. 32,948,247 votes, i.e. 80.90 % of the Company`s 40,729,200 votes were represented at the meeting.
The decisions of the General Meeting were as follows:
1. Approval of the annual report of Tallinna Kaubamaja Grupp AS for 2016
With 32,887,413, i.e. 99.82% votes in favour, to approve the annual report of Tallinna Kaubamaja Grupp AS for 2016, according to which the consolidated balance sheet of Tallinna Kaubamaja Grupp AS as at 31.12.2016 is 388,683 thousand euros, the sales revenue for the accounting year is 598,414 thousand euros and the net profit 25,725 thousand euros.
2. Profit distribution
With 32,948,180 i.e. 100% votes in favour, to approve the profit distribution proposal of 2016 of Tallinna Kaubamaja Grupp AS as follows:
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Retained profits of previous years |
75,547 thousand euros |
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Net profit of 2016 |
25,725 thousand euros |
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Total distributable profit as at 31.12.2016 |
101,272 thousand euros |
|
To pay dividends 0.63 euros per share |
25,659 thousand euros |
|
Retained profits after distribution of profits |
75,613 thousand euros |
The list of shareholders with a right to receive dividends shall be fixed as at 6 April 2017 at 23.59. Dividends shall be paid to the shareholders via transfer on 7 April 2017 to a bank account of a shareholder. Raul Puusepp
Chairman of the Board
Phone +372 731 5000
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