2022: Draft resolutions of AS Tallinna Vesi’s Annual General Meeting of Shareholders
Draft resolutions of AS Tallinna Vesi’s Annual General Meeting of Shareholders on 3 June 2022
- Approval of the 2021 Annual Report
RESOLUTION: To approve the consolidated 2021 Annual Report of the Company as submitted to the General Meeting.
- Distribution of profit
RESOLUTION: The net profit of the Company in 2021 is €16,165,000 (sixteen million one hundred and sixty five thousand). To distribute €13,000,000 (thirteen million) of the Company’s retained earnings of €77,408,000 (seventy seven million four hundred and eight thousand) as of 31/12/2021, incl. from the net profit of €16,165,000 (sixteen million one hundred and sixty five thousand) for the year 2021, as dividends, of which €0.65(zero point sixty-five) per share shall be paid to the shareholders. The rest of retained earnings will remain undistributed and no allocations will be made from the net profit to the reserve capital.
Based on the dividend proposal made by the Management Board, the Supervisory Council proposes to the General Meeting to decide to pay the dividends out to the shareholders on 29 June 2022. The list of shareholders entitled to receive dividends will be established as at 21 June 2022 at the closure of business day of the settlement system. Consequently, the day of change of the rights related to the shares (ex-dividend date) is set to 20 June 2022.
A person acquiring the shares from 20 June 2022 onwards shall not be entitled to receive the dividends determined by this decision.
- Approval of Remuneration Principles of the Management Board
RESOLUTION: To approve the Remuneration Principles for the Management Board of the Company as submitted to the General Meeting.