The Management Board of EfTEN Real Estate Fund III AS (registry code 12864036,
registered address A. Lauteri 5, Tallinn; hereinafter the “Fund”), convenes an
annual general meeting of shareholders on 04 April 2018 at 10:00, in the
Radisson Blu Sky Hotel Conference Center (2nd floor, Tallinn, Rävala pst 3).
Registration of the participants begins on 04 April 2018 at 09.15. The list of
shareholders entitled to participate in the general meeting will be determined
as at seven days before holding the general meeting, i.e. as at 28 March 2018 at
the end of the working day of the Nasdaq CSD Estonian Settlement System.
Pursuant to the decision of the Supervisory Board of EfTEN Real Estate Fund III
AS, the agenda of the Annual General Meeting of Shareholders and the proposals
of the Supervisory Board and the Management Board shall be as follows:
1. Overview of the activities of the fund
The Management Board shall provide overview of the activities of the fund. This
item is informative.
2. Approval of the annual report 2017
Proposal of the Management Board and the Supervisory Board: To approve the
Annual Report 2017, as presented to the general meeting.
3. Distribution of profit
Proposal of the Management Board and the Supervisory Board: Distributable profit
as at 31.12.2017 in amount of 10 209 000 euros distribute as follows:
Transfers to the legal reserve in amount of 328 700 euros.
A part of the profit of the fund shall be paid out as (net) dividends in amount
of 2 191 324 euros (0.68 euros per share).
After the allocations, retained earnings will amount to 7 688 976 euros.
The list of shareholders with a right to receive dividends shall be fixed as at
18 April 2018 at the end of the working day of the Nasdaq CSD Estonian
Settlement System.
Dividends shall be paid to the bank accounts of shareholders via bank transfer
on 20 April 2018.
Additional information:
All documents concerning the annual general meeting of the shareholders,
including the annual report, draft of resolutions, the auditor’s report, the
profit distribution proposal, the report of the supervisory board are made
available on the homepage of EfTEN Real Estate Fund III AS at www.eref.ee, and
from the publication of the notice of convening the general meeting until the
day of the general meeting is held, at the office of EfTEN Real Estate Fund III
AS in Tallinn, at A. Lauteri 5 (III floor) on business days from 10 AM to 4 PM.
Questions about the topics included in the agenda of the general meeting can be
sent to the following e-mail address: info@eften.ee or by post to the address of
EfTEN Real Estate Fund III AS or by telephone 655 9515.
Questions and answers, the proposals of the shareholders on the issues on the
agenda and the minutes of the general meeting will be disclosed at the website
of EfTEN Real Estate Fund III AS at www.eref.ee.
For registration, we kindly ask participants to submit the following documents:
- Shareholders who are natural persons must bring a passport or identity card. A
representative must also submit a valid written authorization document.
- Representatives of shareholders that are legal persons must bring an extract
from the respective register where the legal person is registered which confirms
the authority of the legal person’s representative to represent the legal person
(legal representation). The representative must also bring a passport or
identity card. If the legal person is represented by a person who is not the
legal representative of the legal person, a written power of attorney is also
required. The documents of a shareholder located abroad shall be legalized or
certified with an apostille, unless a relevant international agreement
stipulates otherwise.
At the general meeting, the shareholder is entitled to receive information on
the activities of the Fund from the Management Board. However, the management
board may refuse to disclose the information if there are sufficient grounds to
presume that the disclosure may adversely affect the interests of the company.
If the Management Board of the Fund refuses to provide information, the
shareholder may demand that the general meeting decide on the legitimacy of
their demand, or submit, within two weeks, an application to court in
proceedings on petition to require the Management Board to provide the
information.
The shareholders whose shares represent at least 1/20 of the share capital may
request for additional items to be added to the agenda of the general meeting,
if the respective request is submitted in writing at least 15 days prior to the
general meeting. The shareholders whose shares represent at least 1/20 of the
share capital may submit their draft resolutions to each agenda item, incl.
additional agenda items in writing up to 3 days before the general meeting.
A shareholder may inform of the appointment of a representative or withdrawal of
an authorization given to a representative before the general meeting by e-
mail: info@eften.ee or by submitting the mentioned document(s) on business days
from 9 AM to 4 PM no later than by 02 April 2018 to the seat of EfTEN Real
Estate Fund III AS.
Viljar Arakas
Management Board member
Phone 655 9515
E-mail: viljar.arakas@eften.ee
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