Annual General Meeting of Shareholders of the Public Limited Company Tallinna Vesi was held on Thursday,
AGENDA OF THE ANNUAL GENERAL MEETING
1. Approval of the 2020 Annual Report
RESOLUTION: To approve the 2020 Annual Report including the balance sheet total in the amount of €255,665,000 (two hundred and fifty-five million six hundred and sixty-five thousand) and net profit in the amount of €16,732,000 (sixteen million seven hundred and thirty-two thousand) was adopted with 15,454,948 votes in favor (ie. 100 % of all votes represented at the meeting).
2. Distribution of profit
RESOLUTION: Was approved with 15,454,348 votes in favor (ie 100% of all votes represented at the meeting.
The net profit of the Company in 2020 is €16,732,000 (sixteen million seven hundred and thirty-two thousand). To distribute €13,000,000 (thirteen million) of AS Tallinna Vesi’s retained earnings of €74,243,000 (seventy-four million two hundred and forty-three thousand) as of 31/12/2020, incl. from the net profit of €16,732,000 (sixteen million seven hundred and thirty-two thousand) for the year 2020, as dividends, of which €0.65 (zero point sixty-five) per share shall be paid to the owners of A-shares.
The rest of retained earnings will remain undistributed and no allocations will made from the net profit to the reserve capital.
Based on the dividend proposal made by the Management Board, the
3. Amendment to the Articles of Association
The Articles of Association shall be amended in connection with the cancellation of the B share and the Company shall have only one type of shares.
RESOLUTION: To amend the Articles of
The resolution was approved with15,454,808 votes in favor (ie 100% of all votes represented at the meeting)
4. Reduction of the share capital by cancelling the B share owned by the Company
The share capital shall be reduced due to the cancellation of one B share owned by the Company.
RESOLUTION: To cancel the one B share owned by the Company and reduce the share capital of the Company accordingly. To reduce the share capital of the Company by €60 (
The resolution was approved with15,454,948 votes in favor (ie 100% of all votes represented at the meeting)
5. Extension of the terms of office of
RESOLUTION 1: Approved with15,119,808 votes in favor (ie 97,83% of all votes represented at the meeting), to extend Mr Allar Jõks’ term as a member of the
RESOLUTION 2: Approved with15,119,808 votes in favor (ie 97,83% of all votes represented at the meeting), to extend Mr Priit Rohumaa’s term as a member of the
6. Election of the Auditor
RESOLUTION: To appoint AS PricewaterhouseCoopers as the auditor for the financial years 2021 and 2022. To pay the fee to the auditor as per the contract to be entered into with the auditor, approved with15,454,948 votes in favor (ie 100% of all votes represented at the meeting).
The presentation of the Annual General Meeting is available here.
Head of Communication
AS Tallinna Vesi
(+372) 626 2271
laura.korjus@tvesi.ee
© OMX, source