News Column

Resolutions of the annual general meeting

June 11, 2014

Tallinn, Estonia, 2014-06-11 13:30 CEST (GLOBE NEWSWIRE) -- The general meeting of shareholders of AS JÄrvevana were held on June 11th 2014 and the following decisions were made: 1. Approval of the annual report of the year 2013 The general meeting of shareholders decided to approve the annual report of AS JÄrvevana for 2013. 2. Decide to cover the loss / distribute the profit The general meeting of shareholders decided to: (i) approve the net loss for the year 2013 as EUR 43,897; (ii) cover the net loss for the year of 2013 from the retained earnings of previous periods; (iii) not to pay dividends to shareholders. 3. Extension of the powers of members of the Supervisory Board The general meeting of shareholders decided to extend the terms of office of members of the Supervisory Board TÕnu Toomik, Teet Roopalu and Jaan MÄe until June 11th 2017, i.e. for a period of three years from the moment of deciding the extension. The general meeting of shareholders decided to elect Lauri MÕisja and Mihkel Mugur an additional members of the Supervisory Board, whose term of office endures until June 11th 2017. The general meeting of shareholders decided to continue remuneration of members of the Supervisory Board based on terms and conditions approved at general meeting of shareholders of AS JÄrvevana, held on 03.06.2008. Brief description of new members of the Supervisory Board: Lauri MÕisja Lauri MÕisja works in AS Merko Ehitus Eesti since 2001 as site manager. Lauri MÕisja does not belong to any Management and Supervisory Boards. Lauri MÕisja has 10 009 AS JÄrvevana shares. Mihkel Mugur Mihkel Mugur works in AS Merko Ehitus Eesti since 2004 as lawyer and later as Head of Legal Affairs. Mihkel Mugur is the Supervisory Board member of AS Merko Infra and AS Riverito and Management Board member of OÜ Cismed and OÜ Sarmander. Mihkel Mugur has through OÜ Cismed 77 090 AS JÄrvevana shares. 4. Appointment of auditor for the financial year of 2014 The general meeting of shareholders decided to appoint AS PricewaterhouseCoopers the auditor of AS JÄrvevana for the financial year of 2014 and to pay to the auditing company for auditing the financial year of 2014 as per contract to be entered into with AS PricewaterhouseCoopers. Toomas Annus Member of the Management Board +372 680 5400 toomas.annus@merko.ee Copyright 2014 OMX AB (publ).


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Source: OMX


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