Day: April 29, 2024

The net asset value (NAV) of EfTEN United Property Fund unit was 10.62 euros at the end of March, decreasing by 0.1% over the month. The decrease in NAV was related to the investment in the shares of the listed fund EfTEN Real Estate Fund AS, which closed by 1,3% down on the Tallinn stock market in March. In April, the share price of EfTEN Real Estate Fund AS has increased by 3,9%. If the fund’s investment in the EfTEN Real Estate Fund AS shares is reflected on the basis of net value, the NAV of EfTEN United Property Fund would be 10.72 euros, increasing by 0,2% in March. At the end of March and in April, the fund received dividends from investments in the shares of EfTEN Real Estate Fund AS and EfTEN Kinnisvarafond II AS as well as the distribution from EfTEN Residential Fund. EfTEN United Property Fund will distribute these proceeds...

Belships has entered into an agreement to divest its stake of 50 per cent in Lighthouse Navigation Pte Ltd against a cash consideration which will be paid to Belships over the next 15 months. As part of the transaction, Belships has acquired 33 per cent of the shares in Lighthouse Navigation Management AS, increasing Belships’ ownership to 67 per cent. Closing of the transaction has been completed. “Ever since incorporation Lighthouse Navigation has been a success story, and this ownership change is to focus and simplify Belships’ involvement within dry bulk operating businesses. This is a transaction conducted in good spirit, and the commercial management of the Belships fleet will continue to be handled in the same manner as today, in co-operation between the offices in Bangkok and Oslo”, said Lars Christian Skarsgård, CEO of Belships...

The management board of Hepsor AS (registry code 12099216, address Järvevana 7b, 10112 Tallinn) calls the annual general meeting of the shareholders to be held on Thursday, 23 May 2024 at 11:00 in hotel Mövenpick conference center, Lembitu 12, Tallinn. The registration of participants of the general meeting shall begin on 23 May 2024 at 10:30 at the location of the meeting. We kindly ask the shareholders to arrive ahead of time, considering the time it takes to register the participants of the meeting. The list of shareholders entitled to vote in the annual general meeting shall be determined as at 7 days before the general meeting is held, i.e. on 16 May 2024 at the end of the business day of the settlement system of Nasdaq CSD Estonia. Procedure and term of electronic voting The shareholders who do not wish to participate at the physical...