EESTI NÄITUSTE AS

ANNOUNCEMENT

22.03.99 

 

RESOLUTIONS OF THE GENERAL MEETING OF EESTI NÄITUSTE AS SHAREHOLDERS

 

The 20.03.99 general meeting of Eesti Näituste AS shareholders made the 

following resolutions:

 

1. To approve the 1998 annual report and the activities of Eesti 

Näituste AS Management Board and Supervisory Board in 1998.

 

2. To distribute the 1998 financial year’s net profit (totaling 

9,539,802 EEK) as follows: to transfer 476,990 EEK to the account of 

reserve capital, and pay dividends 1.5 EEK per share, i.e. 4,800,000 

EEK. The remaining share of profit, i.e. 4,262,812 EEK, shall be 

transferred to the account of retained earnings. According to the 

proposal, the shareholders registered in the Eesti Näituste AS 

shareholders’ registry as of 01.04.1999, 8:00 AM, are entitled for 

dividends. Dividends shall be transferred via the Estonian Central 

Depository for Securities to the shareholders’ current accounts 

connected with their securities’ accounts within two weeks period.

 

3. To appoint Kari Björk of Ernst & Young Eesti AS the auditor of Eesti 

Näituste AS for years 1999-2001. 

 

 

Helle Kallas

Financial director