Market announcement
Nordecon AS
LEI code
48510000D8HSLK854I81
Size of the entity
Large group
Economic activities
Construction
Country of registered office
Estonia
General information
Categories
Dividends
Unique data record identifier
7913
Submission date and time
01.04.2020 16:00:00
Content of announcement in Estonian
Title
COVID-19 viiruse levikuga seotud piirangute mõju Nordecon AS dividendide ja aktsiakapitali vähendamise otsustele
Message
Nordecon AS on 06.02.2020. a börsiteates (https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=920401&me ssageId=1159847) muuhulgas avalikustanud juhatuse ettepaneku dividendideks 2019. a majandusaasta eest ja tuumikaktsionäri kavatsuse aktsiakapitali vähendamiseks 2020. aastal. Arvestades COVID-19 viiruse kiire leviku piiramiseks Eestis kehtestatud eriolukorda, millel on lähitulevikus eeldatav negatiivne mõju ka ehitussektorile, teeb juhatus kooskõlastatult nõukoguga ettepaneku 2020. a korralisele aktsionäride üldkoosolekule dividendide maksmise ettepanekut mitte esitada. Samuti on nõukogu informeerinud juhatust kavatsusest aktsiakapitali vähendamise makse ettepanekut aktsionäride korralise üldkoosoleku päevakorda mitte lülitada. Kuivõrd praeguse riikliku eriolukorra ja sellega kaasnev tegelik mõju Eesti majandusele, ehitussektorile ja kontserni majandustegevusele on hetkel raskesti hinnatav ja teadmata, plaanivad Nordecon ASi kontserni juhatus ja nõukogu uuesti arutada 2019. a majandusaasta eest dividendide maksmise küsimust pärast 2020. a III kvartali ja üheksa kuu majandustulemuste avaldamist. Nordeconi kontsern (www.nordecon.com (http://www.nordecon.com)) hõlmab ettevõtteid, mis on keskendunud hoonete ja rajatiste ehitamise projektijuhtimisele ja peatöövõtule. Geograafiliselt tegutsevad kontserni ettevõtted Eestis, Rootsis, Soomes ja Ukrainas. Kontserni emaettevõte Nordecon AS on registreeritud ja asub Tallinnas, Eestis. Kontserni 2019. aasta konsolideeritud auditeerimata müügitulu oli 234 miljonit eurot. Nordeconi kontsern annab hetkel tööd ligi 690 inimesele. Alates 18.05.2006 on emaettevõtte aktsiad noteeritud NASDAQ Tallinna Börsi põhinimekirjas. Andri Hõbemägi Nordecon AS Investorsuhete juht Tel: +372 6272 022 Email: [email protected] (mailto:[email protected]) www.nordecon.com (http://www.nordecon.com)
Content of announcement in English
Title
Impact of restrictions resulting from the spread of COVID-19 virus on Nordecon AS’s decisions on dividend and share capital reduction payments
Message
Nordecon AS has in the announcement (https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=920401&me ssageId=1159846) made on 06 February 2020 disclosed inter alia the board's proposal for the distribution of dividends for the fiscal year of 2019 as well as the Group's ultimate controlling party's intention for reducing the share capital in 2020. Considering the emergency situation declared in Estonia to restrict the fast spread of COVID-19 virus, which will assumingly have a negative impact on the economy and construction sector, the board, having consulted it with the council, proposes not to present the dividend distribution proposal to the 2020 annual general meeting of shareholders. Also, the council has notified the board on its intention not to include the share capital reduction motion in the agenda of the annual general meeting. As the actual effect of the state emergency situation on the economy, construction sector and Group's future business results is currently difficult to estimate, Nordecon AS board and council plan to discuss the issue regarding the dividend distribution for the fiscal year of 2019 after disclosing financial results of the third quarter and nine months of 2020. Nordecon (www.nordecon.com (http://www.nordecon.com)) 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 unaudited revenue of the Group in 2019 was 234 million euros. Currently Nordecon Group employs close to 690 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: [email protected] (mailto:[email protected]) www.nordecon.com (http://www.nordecon.com)