AGM 2004
Resolutions of the annual general meeting 2004
Minutes of the annual general meeting of shareholders (excerpt) in Tallinn, on 07.04.2004.
1. Approval of the annual report of the year 20003
Having reviewed the annual accounts and activity report (“Annual Report”), auditor’s report and profit distribution proposal of AS Merko Ehitus for 2003, to resolve to approve the Annual Report of 2003 prepared by the board of AS Merko Ehitus and approved by the council.
2. Decision on distribution of profits
It was resolved to distribute the profit of AS Merko Ehitus on the basis of the approved annual accounts pursuant to the profit distribution proposal submitted to the general meeting as follows:
- to approve the net profit of the financial year of 2003 in the amount of 184 472 685 (one hundred and eighty-four million four hundred and seventy-two thousand six hundred and eighty-five) Estonian kroons (EUR 11 789 923);
- to pay dividends to shareholders from the net profit of 2003 in the total amount of 37 170 000 (thirty-seven million one hundred and seventy thousand) Estonian kroons (EUR 2 375 590), which makes 4 kroons and 20 sents (EUR 0,27) per share;
all shareholders entered in the share ledger of AS Merko Ehitus as of 22 April 2004 at 8:00 hours a.m. are entitled to dividends;
dividends shall be paid to shareholders not later than on 23 April 2004 by remitting the respective amount to the current account tied to the shareholder’s securities account; - to maintain the rest of the net profit undivided.
3. Appointment of auditor for the financial year of 2004
It was resolved to appoint auditing company “Audit EA”, as auditor of AS Merko Ehitus for the financial year of 2004 and to pay to them pursuant to the contract to be concluded.