Published: 2015-05-27 10:11:55 CEST
Tallinna Vesi
Minutes of annual general meeting

Decisions of the Annual General Meeting of Shareholders of AS Tallinna Vesi

AS Tallinna Vesi's (hereinafter also the Company) Annual General Meeting of Shareholders was held on Wednesday, 27th of May 2015, from 09:00-09:50 at the Euroopa Hotel second floor conference room "Lääne-Euroopa". 15 073 779 votes, i.e 75.37% of the Company's 20 million votes were represented at the meeting.

AGENDA OF THE ANNUAL GENERAL MEETING:

1. Approval of 2014 Annual Report

RESOLUTION: With 15 072 839, i.e 99.99% votes in favour, to approve the 2014 Annual Report.

2. Distribution of profit

RESOLUTION: With 15 072 839, i.e 99.99% votes in favour, to approve the profit distribution proposal. The net profit of the Company in 2014 is 17 943 000 (seventeen million nine hundred forty three thousand) euros. To distribute 18 000 600 (eighteen million six hundred) euros of AS Tallinna Vesi's retained earnings of 49 138 000 (forty nine million one hundred thirty eight thousand) euros as of 31.12.2014, incl. from the net profit of 17 943 000 (seventeen million nine hundred forty three thousand) euros for the year 2014, as dividends, of which 0,90 euros (zero point ninety) per share shall be paid to the owners of the A-shares and 600 (six hundred) euros per share shall be paid to the owner of the B-share. To pay the dividends out to the shareholders on 19.06.2015 and to determine the list of shareholders entitled to receive dividends on the basis of the share ledger as at 23:59 on 10.06.2015.

3. Election of members of the Supervisory Council

RESOLUTION: With 15 038 666, i.e 99.77% votes in favour, to elect Mr. Allar Jõks as a Supervisory Council member of AS Tallinna Vesi from 28.05.2015.

4. Election of auditor

RESOLUTION: With 15 038 629, i.e 99.77% votes in favour, to appoint AS PricewaterhouseCoopers as the auditor and Mr. Ago Vilu as the lead auditor for the financial year of 2015. To pay the fee to the auditor as per contract to be entered into.

5. CEO update

The CEO update is available here.

         Mariliis Mia Topp
         AS Tallinna Vesi
         Head of Communications
         Tel: (+372) 62 62 275
         mariliismia.topp@tvesi.ee