Published: 2013-03-28 14:30:00 CET
Tallinna Kaubamaja Grupp
Minutes of annual general meeting

Decisions of the annual general meeting of shareholders of Tallinna Kaubamaja AS 28.03.2013

The Annual General Meeting of Shareholders of Tallinna Kaubamaja AS was held on 28 March 2013 in the Conference centre of Nordic Hotel Forum, Viru väljak 3, Tallinn. 30,311,346 votes, i.e. 74.42% of the Company`s 40,729,200 votes were represented at the meeting.

The decisions of the General Meeting were as follows: 

1. Approval of the annual report of Tallinna Kaubamaja AS for 2012

With 30,310,746, i.e. 100.00% votes in favour, to approve the annual report of Tallinna Kaubamaja AS for 2012, according to which the consolidated balance sheet of Tallinna Kaubamaja AS as at 31.12.2012 is 287,840 thousand euros, the sales revenue for the accounting year is 467,800 thousand euros and the net profit 20,870 thousand euros.

2. Profit distribution

With 30,310,746 i.e. 100.00% votes in favour, to approve the profit distribution proposal of 2012 of Tallinna Kaubamaja AS as follows:

Retained profits of previous years 47,196 thousand euros
Net profit of 2012 20,870 thousand euros
Total distributable profit as at 31.12.2012 68,066 thousand euros
To pay dividends 0.35 euros per share 14,255 thousand euros
Retained profits after distribution of profits 53,811 thousand euros

The list of shareholders with a right to receive dividends shall be fixed as at 14 April 2013 at 23.59. Dividends shall be paid to the shareholders via transfer on 15 April 2013 to a bank account of a shareholder.

         Raul Puusepp
         Chairman of the Board
         Phone +372 731 5000