AS FAKTO

ANNOUNCEMENT

06.04.99

 

RESOLUTIONS OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS 

 

22 shareholders participated on the annual general meeting, 

representing 1,630,109 votes, which account for 98.79% of total 

votes.

 

Resolution 1.

 

Approve the 1998 annual report (balance sheet volume EEK  78,107,819 

and net profit EEK 5,289,559), management report and auditor’s 

report.

 

Resolution 2.

 

Approve the following principles of profit distribution:

To distribute the 1998 net profit of AS Fakto in total amount of EEK 

5,289,559 as follows: to transfer EEK 264,478 to the mandatory 

reserve account, and pay dividends in total amount of EEK 

2,310,088.20 (i.e. EEK 1.40 per share). The remaining share of 

profit, including retained earnings, totalling to EEK 9,166,742.80, 

will not be distributed.

AS Fakto shareholders registered in the shareholders’ list as of 

16.04.1999, 8:00 AM, are entitled for dividends. Dividends will be 

transferred to the shareholders’ current accounts connected with 

their securities accounts on 21.04.99, based on the respective order 

by AS Fakto.

 

Resolution 3.

 

The 1999 financial reports will be audited by T.VILLEMSI 

Audiitorbüroo. The auditor shall be remunerated on hourly basis, 

according to the official price list. 

 

All resolutions were made unanimously.

 

 

 

Toivo Urva

Chairman of the Management Board

Tel. +372 638 9222