Resolutions of the annual general meeting of Hepsor AS
The annual general meeting of shareholders of Hepsor AS (registry code
12099216, address Järvevana 7b, 10112 Tallinn) was held on Wednesday, 21 May
2025 at 14:00 in the conference centre of Ibis Styles Tallinn located at
Toompuiestee 19, Tallinn.
The notice of convening the ordinary general meeting of shareholders was
published on 29 April 2025 in the newspaper Postimees and on 28 April 2025 as a
stock exchange news through the information system of Nasdaq Tallinn Stock
Exchange. Therefore, the meeting was duly convened.
The list of shareholders eligible to participate at the ordinary general meeting
of shareholders was fixed 7 days before holding the meeting, i.e. on 14 May
2025 at the end of the working day of the settlement system of Nasdaq CSD SE.
As at the date of fixing the list of shareholders, Hepsor AS has altogether
9192 shareholders who hold altogether 3,854,701 shares.
The ordinary general meeting of shareholders was eligible to adopt resolutions
due to the fact that 35 shareholders participated at the meeting whose shares
represent 2 962 118 votes, i.e. 76,84% of all the votes represented by the
shares of Hepsor AS, including 5 shareholders who chose to use the opportunity
to vote before the meeting and whose shares represent 507 385 votes.
The general meeting of shareholder of Hepsor AS adopted the following
resolutions:
1. Approval of the 2024 annual report
It was decided to approve the 2024 annual report of Hepsor AS in the form as
submitted to the general meeting.
2. Distribution of profit
Retained earnings from previous periods amount to 7,836 thousand euros. The net
profit for the 2024 financial year is 423 thousand euros. Therefore, the total
distributable profit is 8,259 thousand euros. It was decided to distribute the
profit as follows:
* to pay a dividend in the amount of EUR 0.26 per share, i.e., to distribute a
total of 1,002 thousand euros as dividends to shareholders,
* not to distribute the retained earnings in the amount of 7,257 thousand
euros.
The list of shareholders entitled to receive the dividend will be fixed on 1
July 2025 (record date), as at the end of the business day of Nasdaq CSD's
Estonian settlement system. Consequently, the day of change of the rights
related to the shares (ex-date) is set to 30 June 2025. The dividend will be
paid to shareholders by 31 August 2025 at the latest.
3. Electing new member of the supervisory board
Note was taken of the intention of Lauri Meidla, supervisory board member of
Hepsor AS, to resign from his position as a member of the supervisory board,
effective 31.07.2025. Due to the resignation of the supervisory board member
Lauri Meidla at his own request, he has been recalled from the supervisory board
of Hepsor AS as of 31.07.2025. Henri Laks was elected as a member of the
supervisory board of Hepsor AS. The powers of Henri Laks as a member of the
supervisory board of Hepsor AS will commence upon the expiry of his powers as a
member of the management board of Hepsor AS, i.e., from 01.08.2025.
4. The procedure for and amount of remuneration for the members of the
supervisory board
The new remuneration of the members of the supervisory board was approved in
such a way that the total cost of the payroll fund remains unchanged compared to
the previous amount. It was decided to pay each member of the supervisory board
of Hepsor AS a remuneration of EUR 1,000 gross per calendar month starting from
01.08.2025, and to pay the chairman of the supervisory board of Hepsor AS a
remuneration of EUR 8,000 gross per calendar month starting from 01.08.2025.
Henri Laks
Member of the Management Board
Phone: +372 5693 9114
e-mail: [email protected] (mailto:[email protected])
Hepsor AS (www.hepsor.ee (http://www.hepsor.ee)) is a developer of residential
and commercial real estate. The Group operates in Estonia, Latvia and Canada.
During our fourteen years of operation, we have created 2,076 homes and nearly
36,300 m(2) of commercial space. As the first developer in the Baltic countries,
Hepsor has implemented several innovative engineering and technical solutions
that make the buildings built by the company more energy-efficient and thus more
environmentally friendly. The company's portfolio includes a total of 25
development projects with a total area of 172,800 m(2).