Skip to main content

Resolutions adopted by shareholders without convening a general meeting

Written by Customer Service on . Posted in Public Companies.

The Management board of AS Tallinna Vesi (hereinafter the Company) submitted to the shareholders the proposal for the resolutions set out below to be adopted by shareholders without convening a general meeting. The notice about the adoption of resolutions without convening a general meeting was published in the stock exchange information system and on the Company’s website: https://tallinnavesi.ee/en/investor/adoption-of-resolutions-by-shareholders/ on 9 March 2021 and in the daily newspaper Eesti Päevaleht on 10 March 2021.

Votes were submitted by a total of 18 shareholders of the Company, whose votes represented 14 193 020 votes of the 20 million votes represented by A shares of the Company, i.e. 70,97 % of all votes represented by A shares and 1 vote represented by the B share of the Company, and who submitted their votes in time, i.e. by 9:00 Estonian time, 1 April 2021. If a shareholder did not give notice of whether the shareholder was in favour of or opposed to a resolution, by the due date specified above, it shall be deemed that the shareholder voted against the resolution (§ 2991 (2) of the Commercial Code), and such votes shall be recorded as votes given against a resolution in the Record of Voting.

On 1 April 2021, the shareholders of the Company adopted the following resolutions:

Resolution no 1.1.      To recall Mr Simon Roger Gardiner from the Supervisory Council of the Company. The term of Mr Simon Roger Gardiner shall expire on 31 March 2021.

The resolution was adopted by a majority vote of 70,15 %

Resolution no 1.2.      To recall Mr Martin Padley from the Supervisory Council of the Company. The term of Mr Martin Padley shall expire on 31 March 2021.

The resolution was adopted by a majority vote of 70,15 %

Resolution no 2.1.       To elect Mr Mart Mägi as a member of the Supervisory Council of the Company from 1 April 2021 for the term set out in the Articles of Association of the Company.

The resolution was adopted by a majority vote of 70,15 %

Resolution no 2.2.       To elect Mr Robert Kitt as a member of the Supervisory Council of the Company from 1 April 2021 for the term set out in the Articles of Association of the Company.

The resolution was adopted by a majority vote of 70,15 %

Resolution no 3.          To amend the Articles of Association of the Company and approve the new wording of the Articles of Association as presented to the shareholders.

                                    The resolution was adopted by a majority vote of 70,96 % represented by A shares and one vote represented by the B share (i.e. 100% of the votes represented by B shares)

Resolution no 4.          To give consent to the Company for the acquisition of one B share with the nominal value of 60 (sixty) euros from the City of Tallinn and to pay the City of Tallinn 60 (sixty) euros for the B share. The acquisition shall be completed by 1 May 2021 at the latest.

The resolution was adopted by a majority vote of 70,97 %

The Record of Voting of the resolutions of shareholders is available on the Company’s website https://tallinnavesi.ee/en/investor/adoption-of-resolutions-by-shareholders/.

Laura Korjus
AS Tallinna Vesi
Head of Communications
(+372) 62 62 271
laura.korjus@tvesi.ee

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.