Harju Elekter
AS Harju Elekter notice of the annual general meeting

DGAP-News: Harju Elekter

2015-04-14 / 12:01

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Estonia, 2015-04-14 12:01 CEST (GLOBE NEWSWIRE) -- Annual general meeting of
Harju Elekter shareholders will be held on Thursday, 14 May 2015, beginning at
10 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 2014.

To approve the annual report of AS Harju Elekter of 2014, prepared by the
management board and approved by the supervisory board, according to which the
consolidated balance sheet total of AS Harju Elekter was 69,792 thousand euros
as of 31.12.2014, while the sales revenue of the financial year was 50,606
thousand euros and net profit 9,697 thousand euros. 

2. Approval to profit distribution.

To approve the profit distribution proposal of AS Harju Elekter of 2014 as
presented by the management board and as approved by the supervisory board as
follows: 

retained profit from previous periods on 31.12.2014  16,967 thousand euros
total net profit of the financial year               9,697 thousand euros 
total retained profit on 31.12.2014                  26,664 thousand euros

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

dividends (0,15 euros per share*)                  2,610 thousand euros 
balance carried forward after profit distribution  24,054 thousand euros

The dividends will be paid to the shareholders on 3 June 2015 by a transfer to
the bank account of the shareholder. * The shareholders registered in the
shareholders' registry on 28 May 2015 at 23.59 shall be entitled to dividend. 

3. Appointment and remuneration of auditors
To appoint KPMG Baltics OÜ, register code 10096082 to perform the audit of AS
Harju Elekter on the years 2015-2017. Consent obtained. The auditor will be
remunerated according to the agreement. 

4. Increasing the share capital
According to the AGM decision No. 6 from 3 May 2012, to realize the targeted
share issue (share option) program, and to increase the share capital by
420,000 (four hundred twenty thousand) euros up to 12,600,000 (twelve million
six hundred thousand) euros, by issuing 600,000 (six hundred thousand) new
ordinary shares through monetary contributions. 

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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 7.05.2015.
Registration of the participants starts on 14 May 2015 at 9 AM. Please submit
the following documents to register the participants of the general meeting: a
shareholder that is a natural person - personal identification document; a
representative of a shareholder that is a natural person - personal
identification document and a written letter of authorisation; a legal
representative of a shareholder that is a legal person - an extract of the
relevant (commercial) register in which the legal person is registered, and the
personal identification document of the representative; a transactional
representative of a shareholder that is a legal person is also required to
submit a written authorisation issued by the legal representative of the legal
person in addition to the above listed documents. We ask the documents of a
legal person registered in a foreign country to be legalised or having an
apostil attached to the documents beforehand, unless specified otherwise in an
international agreement. AS Harju Elekter may register a shareholder that is a
legal person from a foreign country to the general meeting also in case all
required information on the legal person and its representative are included in
a notarised letter of authorisation issued in the foreign country and the
respective letter of authorisation is accepted in Estonia. We ask you to
present a passport or an ID-card as a personal identification document. 

A shareholder may inform of the appointment of a representative or withdrawal
of an authorisation given to a representative before the general meeting by
e-mail on yldkoosolek@he.ee or by submitting the mentioned document(s) on
business days from 8.30 AM to 4 PM no later than by 13 May 2015 to the
secretariat of AS Harju Elekter at Paldiski Str 31 (3nd floor) in Keila. 

The annual report of 2014, 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 Str. 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. 

The shareholders whose shares represent at least 1/20 of the share capital may
request the inclusion of additional issues to the agenda of the general
meeting, provided that the respective request has been submitted in writing no
later than by 29 April 2015. The shareholders whose shares represent at least
1/20 of the share capital may submit a written draft of the resolution in
respect to each item on the agenda no later than by 11 May 2015. More detailed
information available on §287 of the Commercial Code (right of shareholder to
information), §293 (2) (right to demand the inclusion of additional issues in
the agenda) and §2931 (3) (obligation to submit simultaneously with the request
on the modification of the agenda a draft of the resolution or substantiation)
and §2931 (4) (right to submit a draft of the resolution in respect to each
item on the agenda) about the rules and term of exercising these rights have
been published on the homepage of AS Harju Elekter at www.harjuelekter.ee. The
drafts of the resolutions and substantiations submitted by the shareholders
will be published on the same homepage, if any are received. After the items on
the agenda of the general meeting, including additional issues, have been
discussed, the shareholders can ask for information from the management board
about the activity of the public limited company. 

Andres Allikmäe
Managing Director/CEO
+372 6747 400



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



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2015-04-14 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English        
Company:     Harju Elekter  
 
 
             Estonia        
ISIN:        EE3100004250   
 
 
End of News    DGAP News-Service  
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