Announcement View
Company Nordecon AS
Type Company Release
Category Results of General Meeting
Publicize date 22 May 2024 11:44:04 +0300
Kell English
Title Decisions of the annual general meeting of shareholders
Nordecon AS (registry code 10099962, address Toompuiestee 35, 10149 Tallinn)
annual general meeting of shareholders was held on 22 May 2024 at 10.00 a.m. in
the conference centre of Radisson Blu Hotel Olümpia, room Sigma (Liivalaia
33, 10118 Tallinn).

The shareholders of Nordecon AS made the following decisions according to the
proposed agenda:

Agenda item No. 1. Approval of the Company's annual report for 2023 and proposal
for the allocation of profit


To  approve the Company's consolidated annual report for the 2023 financial year
as submitted by the management board.


To distribute the profit of the Company as follows: the net loss attributable to
the  owners of the  Company for the  2023 financial year amounts to 942 thousand
euros.  The retained profit of previous periods amounts to 2,691 thousand euros.
To  cover the net loss of the 2023 financial year on the account of the retained
profit of the previous periods. To leave the retained profit of previous periods
in  the remaining part undistributed and  not pay dividends to the shareholders.
To  not make any appropriations to the  legal reserve or other reserves provided
for by the law or the articles of association.

Agenda item No. 2. Election of auditor for the financial year 2024 and deciding
on the remuneration of the auditor


To elect the current audit firm of the group, KPMG Baltics OÜ, as the auditor of
the Company for the financial year 2024 and to pay for the services according to
the agreement to be signed with the auditor.

At  the  annual  general  meeting  of  shareholders  17,961,521 ordinary  shares
entitled  to  vote  were  represented,  i.e.  55.48% of  total  ordinary  shares

Nordecon                                                       (
tJ3pMb5IF_dMsJud2aOhfYSeEuWsDLFrj6IqbhqsA1dQqJ5g69lb81KqtjaASf95NSw8nAg=))  is a
group  of  construction  companies  whose  core business is construction project
management and general contracting in the buildings and infrastructures segment.
Geographically  the Group operates in Estonia, Ukraine and Sweden. The parent of
the  Group is Nordecon AS, a company registered and located in Tallinn, Estonia.
The  consolidated revenue of the Group  in 2023 was 278 million euros. Currently
Nordecon  Group  employs  close  to 420  people. Since 18 May 2006 the company's
shares have been quoted in the main list of the Nasdaq Tallinn Stock Exchange.

Andri Hõbemägi
Nordecon AS
Head of Investor Relations
Tel: +372 6272 022
iO9tWRVEr1kzHNVZg7Bx-klWlJ5kov8uMfwlVgmGx76Ruj-0UcML_rH4blkkIqii0=)     (