Harju Elekter
Invitation, agenda and proposals to the AGM of shareholders

DGAP-News: Harju Elekter /

16.04.2014 / 15:00

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Annual general meeting of Harju Elekter shareholders will be held on Thursday,
8 May 2014, beginning at 10:00 a.m., at venue of Keila Kultuurikeskus (address:
Keskväljak 12, Keila). 

The Supervisory Board of the Joint Stock Company Harju Elekter determined the
following agenda of the general meeting: 

1. Approval to AS Harju Elekter annual report of the year 2013.
To approve the annual report of AS Harju Elekter of 2013, prepared by the
management board and approved by the supervisory board, according to which the
consolidated balance sheet total of AS Harju Elekter was 71,071 thousand euros
as of 31.12.2013, while the turnover of the financial year was 48,288 thousand
euros and net profit 5,162 thousand euros. 

2. Approval to profit distribution.
To approve the profit distribution proposal of AS Harju Elekter of 2013 as
presented by the management board and as approved by the supervisory board as
follows: 

retained profit from previous periods on 31.12.2013  13,473 thousand euros
total net profit of the financial year               5,162 thousand euros 
total retained profit on 31.12.2013                  18,635 thousand euros

Management board's proposal for the distribution of profit as follows:

dividends (0,10 euros per share*)                  1,740 thousand euros 
balance carried forward after profit distribution  16,895 thousand euros

The dividends will be paid to the shareholders on 27 May 2014 by a transfer to
the bank account of the shareholder. * The shareholders registered in the
shareholders' registry on 22 May 2014 at 23.59 shall be entitled to dividend. 

3. Election of the new supervisory board member to replace the resigned member
3.1. To acknowledge the letter of resignation of Mr Madis Talgre from the
supervisory board from 8th of May 2014, dated 16.04.2014; 
3.2. To elect Mr Aare Kirsme as the new supervisory board member of AS Harju
Elekter. Mandate enters into force date of this decision. Mr Kirsme has
submitted his written acceptance on becoming the new supervisory board member
of AS Harju Elekter. 

Information concerning the procedure for and term of exercising the rights
specified in § 287 of the Commercial Code, § 293 (2), § 293 (3) and § 2931 (4)
is available on the website of AS Harju Elekter: www.harjuelekter.ee 

Since 17.4.2014 the annual report of 2013, agenda and proposals to the AGM of
shareholders are available for preliminary examination in the Internet,
company's home page or in Keila, 31 Paldiski Road. Questions about agenda items
can be sent to the address yldkoosolek@he.ee. Questions, answers and the
positions of the meeting will be published on the website. 

According to § 297 (5) of the Commercial Code, the list of shareholders
entitled to vote at the meeting will be fixed at 23.59 on 1.05.2014.
Registration of the participants starts on 8 May 2014 at 9 a.m. For the
registration we ask you to take with you an identification document. A
representative of shareholder is requested to take with him/her a document
certifying their right of representation or a valid copy of the commercial
register card. 

Andres Allikmäe
Managing Director/CEO
+372 6747 400

Prepared by:
Moonika Vetevool
Corporate communication and investor relations manager
Tel: +372 671 2761
News Source: NASDAQ OMX


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Language:    English        
Company:     Harju Elekter  
 
 
             Estonia        
ISIN:        EE3100004250   
 
 
End of News    DGAP News-Service  
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263596 16.04.2014