Tallinna Börs                 NEWS RELEASE	30.06.2003



DECISIONS OF AGM OF TSE



Annual general meeting of Tallinn Stock Exchange (TSE) was held on June 27, 2003.

AGM decided the following.



1. AGM resolved to approve the activities of TSE, and to approve the 2002 financial reports, and proposal for profit allocation. According to the proposal for profit allocation, net profit earned by TSE in 2002 in the amount EEK 2.078 million (EUR 0.1328 million) will be assigned as follows: EEK 0.104 million (EUR 0.0066 million) to the account of mandatory legal reserve and EEK 100,000 (EUR 6,391.16 million) to guarantee fund. AGM decided to leave the remaining EEK 1.874 million (EUR 0.1198 million) undistributed and to assign the sum to the account of retained earnings.



2. AGM resolved to appoint Urmas Kaarlep and Tiit Raimla of PriceWaterhouseCoopers to audit the financial reports of TSE in year 2003.

 

3. AGM appointed current members of the Council of the TSE Arbitration Court Raino Paron, Sten Luiga and Võteli Maran for next tenure of two years.



4. AGM resolved to recall Rain Lõhmus prematurely from the Supervisory Board on his own initiative and appointed Joel Aasmäe new member of the Supervisory Board. 





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