The annual shareholders meeting (hereinafter referred to as the Meeting) of AS Pro Kapital Grupp (hereinafter referred to as the Company) took place on 26 June, 2018 starting at 13.00 at the office of the Company located at Sõjakooli 11 Tallinn. As per the registration list of the meeting 4 shareholders were present at the meeting, who represented in total 33 801 723 votes, which form 59,63% of all votes attached to the shares.
The agenda and decisions adopted at the Meeting were as follows:
1. Election of the Chairman and Secretary of the annual general meeting of shareholders
Decision adopted was as follows:
Elect Ilona Nurmela as the Chairman of the annual general meeting of the shareholders. Elect Liisa Kirss as the Secretary of the meeting.
100% of the votes were in favour of the decision.
2. Approval of the audited annual report of the Company for the financial year of 2017
Decision adopted was as follows:
Approve the annual report of the Company for the financial year 2017.
100% of the votes were in favour of the decision.
3. Resolution of covering the loss
Decision adopted was as follows:
Cover the net loss for the financial year which ended at 31 December 2017 in amount of 419 thousand Euros with retained earnings of previous periods.
100% of the votes were in favour of the decision.
4. Discussion regarding payment of dividend
Decision adopted was as follows:
Not to distribute profit to the shareholders at this point in time when the Company’s capital need is at its highest sensitivity and the Council will reconsider the capacity of the Company to pay dividend after the opening of the T1 Mall of Tallinn in Q4’2018 when the Company will have a better view how much dividend it can pay out.
100% of the votes were in favour of the decision.
5. Election of the auditor
Decision adopted was as follows:
Elect AS Deloitte Audit Eesti as the auditor of the Company for the financial year of 2018.
To approve the principles for remuneration of the auditor as per the agreement to be signed with the auditor. Approve the fee payable to the auditor for the audit of the Company and its subsidiaries for the financial year of 2018 in amount of 45 700 Euros (net of VAT).
100% of the votes were in favour of the decision.
Minutes of the annual shareholders meeting will be published on AS Pro Kapital Grupp web page www.prokapital.com not later than 27 June, 2018.
Allan Remmelkoor
Member of the Management Board
Tel.: +372 6144 920
Email: prokapital@prokapital.ee