AS Tallinna Vesi notice to convene the Annual General Meeting of Shareholders

The Management Board of AS TALLINNA VESI (registry code 10257326, Ädala 10, 10614 Tallinn) (hereinafter also “the Company”) announces that the Annual General Meeting of Shareholders of the Company will be held on Thursday, 1 June 2023 at 10:00 (UTC+3) in the Blue Auditorium at the Water Treatment Plant at Ülemiste (Address: Järvevana Road 3, Tallinn, Estonia). Registration of the shareholders wishing to participate in the Annual General Meeting in person, will start at 09:00 (UTC+3) on 1 June 2023 at the place of the General Meeting. Registration will end at 09:50 (UTC+3). We kindly ask shareholders and their representatives to arrive as early as possible, considering the time required to register participants. The organizers of the meeting have the right not to take into account late requests for participation and registration in the meeting.

The list of shareholders having the right to vote will be established 7 days prior to the Annual General Meeting, i.e., at the end of business day of the settlement system of Nasdaq CSD Eesti on 25 May 2023.

The Supervisory Council has approved the agenda of the Annual General Meeting of Shareholders with the following proposals:

1. Approval of 2022 Annual Report

Supervisory Council’s proposal:
To approve the consolidated 2022 Annual Report of the Company as submitted to the General Meeting.

2. Distribution of profit

Supervisory Council’s proposal:
The net profit of the Company in 2022 is €8,406 thousand. To distribute €6,600 thousand of the Company’s retained earnings of €72,814 thousand as of 31/12/2022, incl. from the net profit of €8,406 thousand for the year 2022, as dividends of which €0.33 per share will be paid to the shareholders.

The rest of retained earnings shall remain undistributed.

No allocations shall be made from the net profit to the reserve capital.

Based on the dividend proposal made by the Management Board, the Supervisory Council proposes to decide to pay the dividends out to the shareholders on 28 June 2023. The list of shareholders entitled to receive dividends will be established as at 20 June 2023 at the closure of business day of the settlement system. Consequently, the day of change of the rights related to the shares (ex-dividend date) is set to 19 June 2023. A person acquiring the shares from 19 June 2023 onwards shall not be entitled to receive the dividends determined by this decision.