Nordecon AS (registry code 10099962, address Toompuiestee 35, 10133 Tallinn)
annual general meeting of shareholders was held on 20 May 2020 at 10.00 a.m. in
the conference centre of Radisson Blu Hotel Olümpia, room Omega (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 2019 and proposal
for the allocation of profit
RESOLUTION No. 1
To approve the Company's consolidated annual report for 2019 as submitted by the
management board.
RESOLUTION No. 2
To allocate the profit of the Company as follows: the Company's consolidated net
profit of the 2019 financial year amounts to 3,378 thousand euros. The retained
earnings of previous periods amount to 9,005 thousand euros. To leave the
retained earnings of previous periods as at 31 December 2019 in the amount of
12,383 thousand euros undistributed. Not to make any appropriations to the
capital 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 2020 and deciding
on the remuneration of the auditor
RESOLUTION No. 3
To elect the current audit firm of the group, KPMG Baltics OÜ, as the auditor of
the Company for the financial year 2020 and to pay for the services according to
the agreement to be signed with the auditor.
Agenda item No. 3. Extension of the authorisations of the supervisory board
members, election of a new supervisory board member and remuneration of the
supervisory board members
RESOLUTION No. 4
4.1 In connection with the expiration of the term of office of the supervisory
board members Toomas Luman, Meelis Milder, Sandor Liive and Vello Kahro on 20
May 2020, to extend the authorisations of the current supervisory board members
Toomas Luman, Sandor Liive and Vello Kahro for a new statutory term until 20 May
2025.
4.2 To elect Andre Luman as the new member of the supervisory board of the
Company until 20 May 2025.
4.3 To reduce the remuneration of the chairman of the supervisory board, the
deputy chairman of the supervisory board and other members of the supervisory
board by 20% and to establish as of 1 June 2020 that the basic remuneration of
the chairman of the supervisory board shall be 7,200 euros per month, the basic
remuneration of the deputy chairman of the supervisory board shall be 2,400
euros per month and the basic remuneration of other supervisory board members
shall be 960 euros per month.
At the annual general meeting of shareholders 22,041,282 ordinary shares
entitled to vote were represented, i.e. 69.91% of total ordinary shares
outstanding.
Nordecon (www.nordecon.com
(https://www.globenewswire.com/Tracker?data=9IPSi4lLKYSdSgPJkqG1T9F-
vuuJMCtOE5EEE13OKvkfH8u8t5OO5ha6Z41QelWWu4DNyj-AGrHbufXAYnXuvQ==)) 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, Sweden, Finland and Ukraine. The
parent of the Group is Nordecon AS, a company registered and located in Tallinn,
Estonia. The consolidated revenue of the Group in 2019 was 234 million euros.
Currently Nordecon Group employs close to 700 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
E-mail: andri.hobemagi@nordecon.com
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www.nordecon.com
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