Market announcement
Hepsor AS
LEI code
254900NNCQC3L9WR9P45
Size of the entity
Medium group
Economic activities
Professional, Scientific and Technical Activities
Industry sector(s)
Alternative Investment Fund Manager
Country of registered office
Estonia
General information
Categories
Announcement of General Meeting
Unique data record identifier
18483
Submission date and time
27.04.2026 09:35:06
Content of announcement in Estonian
Title
Hepsor AS korralise üldkoosoleku kokkukutsumise teade
Message
Hepsor AS-i (registrikood 12099216; aadress Järvevana tee 7b, 10112 Tallinn, Eesti) juhatus kutsub kokku aktsionäride korralise üldkoosoleku, mis toimub kolmapäeval, 20.05.2026, kell 11:00 hotelli Mövenpick Hotel Tallinn konverentsikeskuses aadressil Lembitu tn 12, Tallinn. Korralisest üldkoosolekust osavõtjate registreerimine algab 20.05.2026 kell 10:30 koosoleku toimumiskohas. Palume aktsionäridel saabuda aegsasti, arvestades koosolekul osalejate registreerimisele kuluvat aega. Koosolekul hääleõiguslike aktsionäride nimekiri fikseeritakse seisuga 7 päeva enne üldkoosoleku toimumist, s.o 13.05.2026 Nasdaq CSD SE arveldussüsteemi tööpäeva lõpu seisuga. Elektroonilise hääletamise kord ja tähtaeg Aktsionärid, kes füüsiliselt koosolekul osaleda ei soovi, saavad hääletada enne koosoleku toimumist elektrooniliselt. Elektrooniliseks hääletamiseks tuleb aktsionäril täita hääletussedel, mis on kättesaadav Hepsor AS-i kodulehel (https://hepsor.ee/investorile/uhingujuhtimine/aktsionaride-uldkoosolek). Täidetud hääletussedel tuleb digitaalselt allkirjastada ning saata e-kirjaga aadressil [email protected] (mailto:[email protected]) hiljemalt 19.05.2026 kella 16:00-ks. Üldkoosoleku päevakord ja nõukogu ettepanekud hääletamiseks 1. 2025.a majandusaasta aruande kinnitamine Nõukogu ettepanek esimese päevakorrapunkti kohta - võtta vastu otsus järgmises sõnastuses: "Kinnitada Hepsor AS-i 2025. aasta majandusaasta aruanne üldkoosolekule esitatud kujul." 1. Kasumi jaotamine Nõukogu ettepanek teise päevakorrapunkti kohta - võtta vastu otsus järgmises sõnastuses: ?Eelmiste perioodide jaotamata kasum 7 257 tuhat eurot. 2025. aasta majandusaasta puhaskasum on 399 tuhat eurot. Seega on jaotuskõlblik kasum kokku 7 656 tuhat eurot. Jaotada kasum alljärgnevalt: i. maksta dividendi 0,27 eurot aktsia kohta ehk jaotada kasum summas 1 056 tuhat eurot dividendidena aktsionäridele; ii. jaotamata kasumi jääk summas 6 600 tuhat eurot jätta jaotamata. Dividendiõiguslike aktsionäride nimekiri fikseeritakse 12.06.2026 (record date) Nasdaq CSD Eesti arveldussüsteemi tööpäeva lõpu seisuga. Sellest tulenevalt on aktsiatega seotud õiguste muutumise päev (ex-date) 11.06.2026. Dividend makstakse aktsionäridele 19.06.2026 ülekandega aktsionäri pangakontole." 1. Tehingu heakskiitmine 18.12.2025 sõlmisid HEPSOR PHX5 OÜ, Hepsor AS ja AS Phoenix Land, HEPSOR PHX5 OÜ osanike lepingu, mille põhitingimused on järgmised: i. Hepsor AS ja AS Phoenix Land asutasid ühisettevõtte HEPSOR PHX5 OÜ, milles kummalegi poolele kuulub 50%-line osalus; ii. HEPSOR PHX5 OÜ majandustegevuse sisuks on renoveerida ja arendada kinnistul aadressiga Tallinn, Manufaktuuri tn 3 (registriosa 4370501) kolmes etapis kolm hoonet, milles oleks kokku kuni ca 43 133 brutoruutmeetril ligikaudu 28 487 m(2) eluruumina kasutatavat korteriomandit ja ligikaudu 3 026 m(2) äripindasid koos sinna juurde kuuluvaga; iii. AS Phoenix Land andis HEPSOR PHX5 OÜ-le üle kinnistu aadressiga Tallinn, Manufaktuuri tn 3 (registriosa 4370501), mille väärtuseks on 5 808 510 eurot ning mis anti üle omakapitali sissemaksena vabatahtlikku reservi; iv. Hepsor AS teeb omakapitali sissemakse vabatahtlikku reservi rahas üleantud kinnistu väärtusele vastavas väärtuses või tasaarvestab Hepsor AS projektijuhtimistasuga või rahastades projektiga seotud kulusid; v. HEPSOR PHX5 OÜ konsolideeritakse Hepsor AS konsolideerimisgruppi; vi. Osanike leping sisaldab tavapäraseid osanike õiguste kaitsesätteid. Nõukogu ettepanek kolmanda päevakorrapunkti kohta - võtta vastu otsus järgmises sõnastuses: ?Kiita heaks 18.12.2025 sõlmitud HEPSOR PHX5 OÜ, Hepsor AS-i ja AS-i Phoenix Land vahel sõlmitud HEPSOR PHX5 OÜ osanike lepingust tulenevate tehingute tegemine." 1. Audiitori valimine Nõukogu ettepanek neljanda päevakorrapunkti kohta - võtta vastu otsus järgmises sõnastuses: ?Valida Hepsor AS-i audiitoriks Grant Thornton Baltic OÜ (registrikood 10384467) 2026. aasta ja 2027. aasta majandusaasta aruannete auditeerimiseks ning määrata audiitori tasustamise kord vastavalt audiitoriga sõlmitavale lepingule ja anda Hepsor AS juhatusele õigus vastava lepingu sõlmimiseks." Üldkoosolekuga seotud teabe avaldamine Üldkoosolekuga seotud teave (käesolev üldkoosoleku kokkukutsumise teade, majandusaasta aruanne, vandeaudiitori aruanne ja kasumi jaotamise ettepanek, juhatuse esitatud otsuste eelnõud, aktsiate ja aktsiatega seotud hääleõiguste koguarv üldkoosoleku kokkukutsumise teate avalikustamise päeval, blanketid, mida saab kasutada volituse alusel hääletamiseks ja enne koosolekut elektrooniliselt hääletamiseks) on kättesaadav Hepsor AS-i kodulehel aadressil https://hepsor.ee/investorile/uhingujuhtimine/aktsionaride-uldkoosolek. Viidatud aadressil on võimalik tutvuda ka muude seaduse kohaselt üldkoosolekule esitatavate dokumentidega, samuti leiab sealt teabe aktsionäride õiguste teostamise korra ja tähtaegade kohta. Küsimusi päevakorrapunktide kohta saab esitada e-posti aadressil [email protected] (mailto:[email protected]). Küsimused ja vastused avalikustatakse Hepsor AS-i koduleheküljel. Teave üldkoosolekul esindaja kaudu osalemise ja volituse tagasivõtmisest teatamise korra kohta Kõigil, kes soovivad määrata endale volikirja alusel tegutseva esindaja, palume sellest Hepsor AS-i informeerida hiljemalt enne korralise üldkoosoleku algust e- posti aadressil [email protected] (mailto:[email protected]). Samale e-posti aadressile palume hiljemalt enne korralise üldkoosoleku algust edastada ka need volikirjad, mis aktsionäri poolt digitaalselt allkirjastatud. Volituse tagasivõtmise korral palume saata vastavasisuline aktsionäri poolt digitaalselt allkirjastatud teade hiljemalt enne korralise üldkoosoleku algust e-posti aadressile [email protected] (mailto:[email protected]). Üldkoosolekul osalejate registreerimine Registreerimiseks palume aktsionäril kaasa võtta isikut tõendav dokument (nt pass või ID kaart). Lisaks isikut tõendavale dokumendile palume aktsionäri esindajal kaasa võtta lihtkirjaliku volikirja esitamise korral selle originaal. Lisaks isikut tõendavale dokumendile palume välismaiste äriühingute esindajatel esindusõiguse tõendamiseks kaasa võtta apostillitud väljavõte selle riigi äriregistrist, kus välismaine äriühing on registreeritud. Äriregistri väljavõte ei tohi olla hilisema kuupäevaga kui kolm kuud enne korralise üldkoosoleku toimumist. Juhul kui äriregistri väljavõttelt ei ole isiku esindusõigus välja loetav, palume esindusõiguse kontrollimiseks esitada ka välismaise äriühingu apostillitud põhikiri. Apostilli nõue ei kehti juhul, kui vastav väljavõte ja põhikiri on notari poolt kinnitatud Prantsusmaal, Belgias, Taanis, Iirimaal, Itaalias, Lätis, Leedus, Poolas, Ukrainas või Vene Föderatsioonis. Martti Krass Juhatuse liige Telefon: +372 5692 4919 e-post: [email protected] (mailto:[email protected]) Hepsor AS (www.hepsor.ee (https://www.globenewswire.com/Tracker?data=LA1wiZw3yDeb- s6W9kEwgM5fHy8o7hiYKGGSmuvSVGz_xN53JmICz15RdNPaNvlViz8com-9HsfSd3BQ71hwCg==)) on elukondliku ja ärikinnisvara arendaja. Kontsern tegutseb Eestis, Lätis ja Kanadas. Neljateistkümne tegutsemisaasta jooksul oleme loonud üle 2 000 kodu ja ligi 44 000 m2 äripindasid. Hepsor on esimese arendajana Balti riikides rakendanud mitmeid uuenduslikke insener-tehnilisi lahendusi, mis muudavad ettevõtte rajatavad hooned energiasäästlikumaks ja seeläbi keskkonna- sõbralikumaks. Ettevõtte portfellis on kokku 28 arendusprojekti kogupindalaga 196 650 m2. Lisaks tegutseb kontsern viies Kanada projektis, kus põhitegevuseks on maa detailplaneeringute koostamine ning seeläbi suurema ehitusõiguse saavutamine.
Content of announcement in English
Title
Notice of calling the annual general meeting of Hepsor AS
Message
The management board of Hepsor AS (registry code 12099216, address Järvevana tee 7b, 10112 Tallinn, Estonia) calls the annual general meeting of shareholders to be held on Wednesday, 20.05.2026 at 11:00 in hotel Mövenpick Hotel Tallinn conference centre, Lembitu St. 12, Tallinn. Registration of participants of the meeting shall begin on 20.05.2026 at 10:30 at the location of the meeting. We kindly ask shareholders to arrive in advance, taking into account the time required for registration. The list of shareholders entitled to vote at the annual general meeting shall be determined as at seven days before the meeting is held, i.e. on 13.05.2026 at the end of the business day of the Nasdaq CSD Estonia settlement system. Procedure and term of electronic voting The shareholders who do not wish to participate at the physical meeting can vote electronically before the meeting is held. In order to cast an electronic vote, the shareholder must fill out the voting ballot which is available on the website of Hepsor AS (https://hepsor.ee/investorile/uhingujuhtimine/aktsionaride-uldkoosolek). The filled voting ballot must be signed digitally and sent by e-mail to [email protected] (mailto:[email protected]) by 19.05.2026 at 16:00 the latest. Agenda of the general meeting and proposals of the supervisory board for voting 1. Approval of the 2025 annual report The supervisory board's proposal on the first agenda item is to adopt a resolution with the following wording: "To approve the 2025 annual report of Hepsor AS in the form as submitted to the general meeting." 1. Distribution of profit The supervisory board's proposal on the second agenda item is to adopt a resolution with the following wording: "Retained earnings from previous periods is EUR 7,257 thousand. The net profit for the 2025 financial year is EUR 399 thousand. Therefore, the total distributable profit is EUR 7,656 thousand. To distribute the profit as follows: i. to pay a dividend of EUR 0.27 per share, i.e. to distribute the profit in the amount of EUR 1,056 thousand as dividends to shareholders; ii. to leave the remaining retained earnings in the amount of EUR 6,600 thousand undistributed. The record date for shareholders entitled to dividends is 12.06.2026 at the end of the Nasdaq CSD Estonian settlement system business day. Accordingly, the ex- date is 11.06.2026. Dividends will be paid to shareholders on 19.06.2026 by transfer to the shareholder's bank account." 1. Approval of transaction On 18.12.2025, HEPSOR PHX5 OÜ, Hepsor AS and AS Phoenix Land entered into a shareholders' agreement of HEPSOR PHX5 OÜ, the main terms of which are as follows: i. Hepsor AS and AS Phoenix Land established a joint venture HEPSOR PHX5 OÜ in which each party holds a 50% stake; ii. HEPSOR PHX5 OÜ business activity is to renovate and develop three buildings in three stages at the property located at Tallinn, Manufaktuuri tn 3 (registry part 4370501), which would comprise a total of approximately 43,133 gross square meters, including approximately 28,487 m² of residential units and approximately 3,026 m² of commercial space, along with the associated facilities; iii. AS Phoenix Land transferred the property, located at Tallinn, Manufaktuuri tn 3 (registry part 4370501), to HEPSOR PHX5 OÜ with a value of 5,808,510 euros, which was transferred to the voluntary reserve as a contribution to shareholder equity; iv. Hepsor AS will make a contribution to the shareholder equity in the amount equal to the value of the property or offsets it against project management fees of Hepsor AS or by covering project-related expenses; v. HEPSOR PHX5 OÜ is consolidated to Hepsor AS consolidation group; vi. the shareholders agreement includes standard provisions protecting the rights of the shareholders. The supervisory board's proposal on the third agenda item is to adopt a resolution with the following wording: "To approve the transactions arising from the HEPSOR PHX5 OÜ shareholders' agreement entered into on 18.12.2025 between HEPSOR PHX5 OÜ, Hepsor AS and AS Phoenix Land." 1. Appointment of auditor The supervisory board's proposal on the fourth agenda item is to adopt a resolution with the following wording: "To appoint Grant Thornton Baltic OÜ (registry code 10384467) as the auditor of Hepsor AS for the audit of the annual reports for the financial years 2026 and 2027, and to determine the auditor's remuneration in accordance with the agreement to be entered into with the auditor, and to authorise the management board of Hepsor AS to enter into such agreement." Publication of information related to the general meeting Information related to the general meeting (this notice calling the general meeting; the annual report, the sworn auditor's report and the profit distribution proposal; draft resolutions submitted by the management board; the total number of shares and voting rights related to shares on the day of publication of the notice calling the general meeting; and the blanks to be used when voting on the basis of authorisation and when voting electronically before the meeting) is available for review on the website of Hepsor AS at (https://hepsor.ee/investorile/uhingujuhtimine/aktsionaride-uldkoosolek). At the above address, it is also possible to review other documents to be submitted to the general meeting pursuant to law, and information regarding the procedure and deadlines for exercising shareholders' rights can also be found there. Any questions regarding the items on the agenda may be sent to the e-mail address [email protected] (mailto:[email protected]). Questions and answers are published on the website of Hepsor AS. Information regarding the participation in a general meeting by proxy and the notification procedure of revocation of the authorisation Everyone who wishes to appoint a representative acting on the basis of a power of attorney is kindly requested to notify Hepsor AS of this not later than before the beginning of the annual general meeting by e-mail at [email protected] (mailto:[email protected]). We also kindly request that the powers of attorney, signed digitally by the shareholder, are sent to the same e- mail address not later than before the beginning of the annual general meeting. In case the authorisation is revoked, we kindly request that the respective notice, signed digitally by the shareholder, is sent to the same e-mail address [email protected] (mailto:[email protected]) not later than before the beginning of the annual general meeting. Registration of participants of the general meeting For registration, we ask shareholders to bring an identity document (e.g. a passport or ID card). In addition to an identity document, we ask a shareholder's representative to bring the original power of attorney if it has been issued in an unattested written form. In addition to an identity document, we ask representatives of foreign legal persons to bring an apostilled extract of the commercial register in which the foreign legal person is entered. The commercial register extract must be dated no earlier than three months before the annual general meeting is held. If the person's right of representation is not evident from the commercial register extract, we ask that the apostilled articles of association of the foreign legal person be submitted for verification of the right of representation. The apostille requirement does not apply if the respective extract and articles of association have been notarised in France, Belgium, Denmark, Ireland, Italy, Latvia, Lithuania, Poland, Ukraine or the Russian Federation. Martti Krass Member of the Management Board Phone: +372 5692 4919 e-mail: [email protected] (mailto:[email protected]) Hepsor AS (www.hepsor.ee (https://www.globenewswire.com/Tracker?data=LA1wiZw3yDeb- s6W9kEwgM5fHy8o7hiYKGGSmuvSVGxMgZRek423AacpJJCdpuuIcs6z1VRDJwLQ31z3jxiAE3vfTFTp4 eexq- dGbXm3i0dHUVavwspyBa9IwkrxH_2HMKhihTKdmc74DsVwheK26itrcCHpUYxh4r9QyGHwnnQ7VI4Jrv suSfsWZpyqziJt3XmV_wZILEcuU5e2qX5hDC0FYaYGXlIJEiASp6eRrS1MDgG6rXzZlB5- n9nrtpMZOdvdIBdct6pTurERP9B1D7UnqoKp4nlSg9BaHFDb1hvWCLbgUgj1bvvs7eijDriAmPxXmHjW KBVYdW0IJANEiHPvqRRe1I1og3OAD5wWk0vBcdBs62kn4vFJPewIGGvsEyGfPlAT6vlgkEgscvjJASKE G2F0GxwSNUHmxlIY4ee05U7boBAI2NRpjorXlz_rI4Zhf40ytrOaRg7MtRXlH0sL5yn4mr6Fe0Rdybqs jb8TR6gXPBilN2Q0da1y3FurzZd5iT6zf7oraShGVxcUOGMOO58OHztpZBFsho5H8d61QMcEtS3HyIYN NqDHJonLDhZ6pHDDjpSWRVLH4u6UAJW7iYz- 2PMR9Z2xerlWrzM2M28JSULkzULr5PLTcFxBBF3ULUdHrgE6l9UTTGRnXOxcYQ81w2FpK6aNkCuMrSOn meQMaliKLLltNmO7TcnevmhiL- x50M2iSWKiH6kIoas8A7Cl_ltwECIdnJj225d17yihAm8EaNn_FQlnuQWd02qCA-k4Vno- Y0IqnLivgl2jvZjBfugZJo503OFrYSTEJaNwZ62pHBRmkiH9eN8RWx6TTMROpjG2qDRNO94pAIjV7wmt LAdkz5f191oAhmrTx6fmW6cxSlODFkzJIeXeg21iONBCzlbSEBldEablpY3_r3-O8HKz- FWkMJgeba6lTiw_qvvR23ol1FU20ZZRJf3wbfQh7JmvTHfGx_EQRjk9jaHfZGnkUemyCs- Hqms73RHQbLjRil1O9TNTTmCYMqC9CDeqIe6KPAdOcfyIbEBds8bpwpa- adEgdZhq6uigOW9qC2AYfbCUIpWvht7EdgZ3QmALXRIOemqnRoMgHo6TQHjHbuSGh7r0le8nQ5eFFT- Xcim42cTmtBb1Igm3iPyIv3EYVBy4fwSNx45U9ZQEE1iXfMwtb0JCeD5doCBtLTy2DBYqMvq16dlHusq gjVz50NdbV6kaS0q6gx1lwKsJNVNZhsdmLEhlZSSEnzjnFJnQxJBPR6XnnA3SmkKkikeHfzoyzwhuxvo aFObN_fMkcHhZcysEpyS8JjCk4_WDwP_vNNA0mIZU7w- Zie0ga3qlhlAr1Ip0Eso8czd19t29VyqjgezSuaHXItAC3ib6OSq2eINiz1ubmHs7qBiZGskxz9ExhLU 677RNxCEfueoP3XP_lDIYpALLHf_nfuFPQEnPr6x92oM8u97AWwR9o7vpTscW5vYmWsavi2o6RIXxhdD 0ClETUtBNF1eNCsVpSMuSCktIJsfwL1ZTaz5GLpBMNNf6MyAM1MplaQW1ncqe_1I7HBsfpv5SGA_y996 hI0y6PqGD91z4ckZfGuYQGks- uQZh2irGJx9dFCBUHjNRhyRaKFswuXomvI3iPtWdt24r51n6PSOBaCuJMMCamLB-S08atEPVTWfg- twDawMIkAh9v03wxHh9GTB2bpkF1uPXyw4yraryKq5wsfBo8S3blJ1HTGfIQDLvkXjgR1__IWfNjG9- 6pgHL0EDe1JxS9d6IVE5kVPJLC5oflP3YuFL3qon9eQYWBqC4Gf6IfLCw-MLGfUjI- qA1_NJdiPYoBPx2wRNMVeB--8EOSW4F5XjBV9Gp-lskC-F4prUZ9wwnxK5FyAhawSF48EWAuWcwfqhFF Zure0FUqpvlkXtxnLv4SJJg8WUc1kZ1m8IeSylEfulYg8UYT29gD5V_oC4wOQzm9HMbxMfo_ns9m2JSp Dhj9ukQH7GwHNAO54JJFhU1aZy1yAXKa8nTWOelSgUmeEgv-D1RHMXo8S5UfjyipUenCH75iWbH-1z7T OODEOmL4FLrJ3bHBCw-Lzh0I8QZOdWsw6w9ZSo982e8z-9KLUg1NsUkGjV6cdCpr912KCjAt6x2TQaj9 uHbEs3FZA-34LE-I9O9m_lKnf9jU_vjwNBgBVn1lFxSJO4Q8nyIPFvYhpf_vOYPmL11472dIDYUiYhuh 6sg0oPTSx3F4U2r7yPx-J_ZJxXKP9UTzZEPNHL8q9NzbajSR1DX7nYuTHXDaBY8YkvtU0B1CqjiNzYg3 5niWQejRewMMNA04Y1fs3hMyA4n9waveSGnRJClhEk48-K545lFK3AqHxLiSyHWYxTn9r71PZnokjUUh 2Et35ZzbbGvz5tyyPNTLbOq8cTA25rCXi7cYaSSWTjskbpjoL3ng7S1aNW3dsN6_x351bwnG8Qwv6cpT _AjhyE_bewIkTX_juQCLmxprdPY9FHHuAIJcugzjw3_xhMfsHgQr9KEB2xFcQYNc4vNu3vyWxoVtpHR- gF5fBaHG4t4dO9RxwLhTG-shoURIwzix3spl97W6cX4T1JsW5gL_xRhswhKLn1DIUDL3r_MYIscwgPfK 9vSKtbzP0_aD9ODmOrFGRhTeoH_as4w3JfVFV61X3yB9XCoiZiLKHwpGgm_191RFkOW5C8LKnesSAktO stcxroLkC7rGdj4Glws6wN_l4OqTV3ObWuBxjDhhNbGF6jEePZJBB6OfYexUARfepewYrQgUSVm-7KZE rF6kb4rIxZBniE4MejrwLiZUMhR3keSH2EaBsMtP_LMKVgTOOLeAivdSpnQxzUaOMhCnbENpqnfXoCXP JTrZTzxLUlZO8h2DZ8BwDYE6fzgpwVEmshmHIOCwQy1YR6FWCu26zf8mYaP90B3MBoZoNTAZCi8CXc9D o_u7V8QKlT1okOPXQwXhpZHW8ZIGV5wfZ9YNzp_MMoqjxgxMT7pmYBQUdZJfCRKOLXFO0L-WZr5VFkqt GOcZGA6nM9u4qlCsTGLH7GMGWu2fyX3R74EGKRPCGWMWaS0MM7zoduI8GgpJpxKhzwrZlp_etZyGvJVT w5LhFfDc1LjmLKBHoAq_ayOV4JhD280xcyMeIyIwC-kFMmdu2YsvaebUTkoFM7PCbi11flxth1mqX9ZF C09DWk-EHiPJyMMAxkH1s9HwLKbJFh0AIXnj6U17s3UeU5Qd_TUHRzHyEn8J2jjnvG6RB4SC-yNkaRPi jX118fWbnjf9lO_CwJFnJl9K8BeYAck60a3iZotPBnjXmiqcdaVTwYoSHWH-dvyar5GC-guesRyJB4Qs alhmrOHkqOh8ON-KRmAPkp891IWwipbfaA0sXg_9jLykIJqM3fEFBNBh17brmD692sEUDcILLDKtEaj- T1EX8zqo7b_mydJVh3VRyirYZ6tUGi37XtJbRUNg4Xs6Ztqubmniae6xtUYQrDlx1JygajO-UdDqCGsg snRm3RRiMXPydRe8NdW_RcShl92W95YbSfbZlASt4d77Kbru2s3hiQHYAfVJSSQ_UMfHjrZVKAmx6H6- wrg0v8D-Em5Enh5BTw9M56bVI9R8jxWrcZQGPK3n0YVcxkMqc_GsfAtN99EVw0DCiD8uwVyFKiJY-YZn 0Eh9grsrI2FP6F08AnGbAlQ4yWlADbeu1FJLJJXQTNSinUebXR15lPj63FhUSJTce17ARbZ4gVw4jFe5 g3knFav7_JhETZMERb57MNIh4uLrYvd6_puK3EDkcB3-KenYsfB6gYmWVcZQ4Os1-wAepXdy3gqB1bhh xOpyw48IoOzN4PPzLBPfIPjWLmsZmUe3LSORKa79wlsRqvnrUYbW8v5ClqndpkZyShiOKkZ_CLsyxF5S 7tPkH6HBmkl0sykhu6SeeIOWIfltG63sYnrJUc8X3i-QgKj3XbKjtRqLx-TFEM2WOIUpaER4eeos4wNH FtsbQrW6BjpC9zjEayPuLAZm6r4v0U29dbFhFw2vDczH9n2O6Tjur9vYbSj8yC75-Af8BeCYf1ZqpIxA 6E8cIwXHDUMNuDAXyD_SMMK5f6x-XCTf-6DXjzps8AqGFo1cQsx40vX4Rx9sTjTdpih9JIwCnt07nLrc IdHJfg5uspCVBUblu_mpGxW9uVkeH0EEJga_zHVuGnwmlNtH1cILvGmWCD5QtEv7dlhcfujRe4TtWR9z DE1UAvNdGT0YKZE34ikjyI68n4Sub2g3VlvK_jvuMJvO0LYgXjWIIE544KnVcc6ClpGcqeQG441nXwRW Ou731cWPZL26MPrbOQuIsnJ4f8r_Gflmw4u0GaJe5G1F266CEucx13krnacAcKj9doo8FBx3ILrxvfvT 2AAt8kRbvACkj324c-rMGoUWvGuvib416YptpjG4CMZILRl9veqU0mqug_tfnL_AD7VpQSX01y9-nYKk oLtgk2hP2-iKbn6ZhuyehjULwdgI0UHseQVGHGBgxc1QYZnyTV9Me0mbq_2z5e5Q83-QA9HQhSMyS1rD 4GwtXeviFRi-fWTKMpSv-9A9crnGSuJbAwTTIKOyGzndMdn2N5oGEvxMIxagdS8eLUKsy3g_apl0skZy vrC0opDQLERHDwC_1LFGzck9WE9VLtdKdQXsJorgI30DEXk7W5t0iM6wndKj-c5YiHZJj_OcK5A0gYKr PuiiJ2glYjMrb7Ri_2dELPX6Tkh7MtgQW1DSTfEnjfHIFQ6_KcXL0TqyBki113bT9-3yqJbn9qpeUVeu BUeJEhV17IzrFf0-TrebjMT3B9f6NuRfbY-gqBQ71crnvJgSXK8zEl_od6ShYs64wyzm07qZOfLeDfVs C-vG3ePm7iVqkBZova4ECweKvEEXDc9JkO69XeuX21hFVZvTN3cBJDMtz4kVBp19zO_9gu-tk-HOae1M ulMB39cvukF2Kvs_lU4vI9tozF3GfOxSv3VaSVp3WBa2UhFX1gHCG1AfDaNYlCHWP2WLItGS9UcgEFPM cyKHr-_lJkdMWD29LaLHpRNS5e5LwHlJjbIw5vVmnvB77nb9wCB6n3uOe58xFmagImMyNdeICILMHmgP CrrVNQ-ISEXwxr1rM5H84eDYoX4e1O0Z_AQUs2801zLwgz1Ey1Ar2bU6yNL3fBmRSoFr1CPwb_33rpg7 AtU_qynnFhfUkeMl7BVfukcbDZ24lmZAULSCZR0hzWFnL-Wmv9fEfmbXZcLWHLTuI6Wy2oTX5i1j9Y2C MF82per4jjexRjk3oNvJkOhMcu7U9xJHQ6l-waoYJ6m1WooZ5mDJ0Is2MUpO_7u0gtFDkwan11E303CV yTMvGdWMJVPnbj1ZRkVIBlsWccMyqte0vomYgN890p4k0OgYh3tj3pwGqCP8lxJ8N1BF8uJay3aKDv22 _BCN2dxO1I0fqmn3QGyk1OEBVXpHaAKv5WHRyM8WzADAbMUvEe45DN3zpq1M1dZQOinz6NYCDD4kor5D s1G0NtxU7z-JGOBHDdTOzBBdSzUqctAMcrpYYvnPS_5fc1XXXrbggfGCIHp0xcsfvaG32j2QxIQIC-a0 xvPP1Ti_9-pXH15IWa5uHvQ3QQJ31PJt4-MCU90jA77ETffqxTadfzhiJFcLMyOpKObljUQngWK1i8q1 V9HKo9FK7QMDs1iHRg28VKrUuHG3UKolYGCcBcMAP3qiok9_j7swaPB1xTDGs12wGZDKN9-u2gL_6-rZ BjddBaMaUWEF2VS0MsKEUziq-bOmKb6y8ZGEzRyo46lpwHaCAskM8LjLPuCkLez_K8eCh8XxlyR0JDET k4_bNsnlhVpyWpxOojAv7GcwzKj-FWMui0vmlXGRkQD-eiOymUKVRrAZYlkJpa1Wk9OY828XKom3gOI- B8aHSwBE1402UWDFESM6RQzOiKtm8CILibs2VpmzsWPi2ORH4LC0MbDAvvqRFaZQgJIJxj_8eobgqsTY V7FzvVhZxmkp5PWYeeWjLbawHYrSoNmSJK146lRbwcK2RNjNMvmbie1QTjR_ehJkupuIxfPqaGX5CahK oeJGvTuYBiyn5HvtdZuyhjiw-893a2gur5o4CSFPTDPstbTUdt9b1F4aosTY0BQ1HfEh5WdrWcekvtKo 1yT3_wZ9q46cDeSEkP-JvLysfB61Zl59dYFCGQFZKn8YwpiTT7APfD_HC17QESdKzJB2K_X7xf0Vgr_W 2bjdfVEa3SyPIEIRc-D08UJoYazYVmW5BeGyoP1_2n-3xBo1W9gsL1Iiaz3ozRrha5ACiv1DgNqq3dFu naAEDYUx9UIsQ4ZaWXWDq00RwNauvr-wg_sJfbUmZdMlHcA91uURM6q2oif13Otj-q4Y9TPAFjcY16Ou FBlSRxi1o1xRF-UYZN2n_2n_aJ1viTG2aRhgmWRz5fN1O11OKFDS-SNEvmyEVJgTggxsiqB7xIjvMA_e yw0xR_jGgE9hBYASzoCBjyprDQIy5sQBaeNIxoz8x0FO3rYA8Dx9LOKm31RUXjnBmT0bWAN0xfuD5y8k duKKKn2Pt9Xoj6J3YhcabQwmzVaMSxAAGGbUIQXXnDNNmab3UOLF3MfYC60nAkDlIId_g-2EwdhmdhPL L74GLD0498VnfvtnNJJpNC37_0bSmNkCxHGUNmeNSRlsx80zLIEx9rKVXKdOsrqd7QOpr4Z3gg8hhZ-V j6qbY4Hf2bd4PcVxR0ZD7O8A4krOUzoqX5N9Dok4LT6b0EfkEedaG6enoFNoX1RLgOpjyMaPpFZ-Pqar LTwS-8RQ6hhqtBukZ-ec74hnPA8G90B8ZHBKT5zMEhbNy1rkVgL7Rd-RmNClvOyEpsuqDtEpqj-c6wsp msJyTAlPYuk8ljbyrhCYmM0cI7Ng-irKxQvI1qWA17sAly3PTRTWRtMrEqkLe_PLJmRLhcSnC3g08Y4I 9dc3wXu038vHs4yqtMuiE0q3zgr0X67edisopBjTo5nZ84NnSmTyzlQce0ZxHTR_2NIpvucA-D7oi6mY 3Wlw5ubDlD83pMFPOj2HdgKEopDmJpT9XjNoSQJ_6nuhlLuhcOeOr2sfdc60mti1H0F1O-PE7vAU-FTE X_2GnWaosyio6mtxy2Sy4yNU08VqI9IEZquoh7J8jm6nUZGvRjhVqKIHL9ZFbXs_8zvXGXlbyVZCAVF8 r31nm7EWYU6ctiBmraL6ZDn5R3zD7HizU7svfPUGo7yOFT5gavFNT5_1YYYnNfAJkcQ48SCAHhb5fxXs 4bbY8RF_ph8rCjGHIKvXfWiM6KWmVmyJU8GOwT8Rld3O7Qky9t7HqSNOsgf5ba8I2EOiJA7jw3jnoAiA Zj9AY2P9J93-gUw5I5hPloAUd0C6vxwKrZskBHNXv7N3FIG7X2Vv91JZfjNyPP8jkC1i4buS6wiLzSl- YdyyJEqVk4EasC5TFm2Fg8kLt5NDdQ6aEerNFEPcQuDZmDNXx0wFAM2rAsqkjW)) is a developer of residential and commercial real estate. The Group operates in Estonia, Latvia, and Canada. In fourteen years of operation, we have created over 2000 homes and nearly 44,000 m(2) of commercial space. Hepsor is the first developer in the Baltic states to implement a number of innovative engineering solutions that make the buildings it constructs more energy efficient, and thus more environmentally friendly. The company's portfolio includes 28 development projects with a total area of 196,650 m(2). In addition, the Group is active in five projects in Canada, where the main activity is the preparation of detailed spatial plans for land, thereby achieving greater building rights.