EfTEN Kinnisvarafond II news
Notice of the Annual General Meeting of Shareholders of EfTEN Kinnisvarafond II AS
The Management Board of EfTEN Kinnisvarafond II AS (registry code 12781528; hereinafter the
“Fund”) announces, that the Annual General Meeting of Shareholders shall be held on April 11th 2017
at 10:00 AM at the Radisson Blu Sky Hotel Conference Center (2nd floor, Tallinn, Rävala pst 3).
Pursuant to the Decision of the Supervisory Board of the Fund, the agenda of the Annual General
Meeting of Shareholders shall be as follows:
1. Overview of the activities of the Fund
2. Approval of 2016 Annual Report
3. Distribution of profit
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The Supervisory Board and the Management Board of the Fund present the following proposals to the
shareholders regarding the agenda items:
1. Overview of the activities of the Fund:
The Management Board shall provide overview of the activities of the Fund. This item is informative.
2. Approval of 2016 Annual Report:
The Annual Report has been audited by PricewaterhouseCoopers. The Supervisory Board approved
the Annual Report and prepared the Supervisory Board report.
Draft of resolution: To approve the 2016 Annual Report.
3. Distribution of profit:
The Supervisory Board approved the profit distribution proposal of 2016 of the Fund, presented by the Management Board.
Draft of resolution: Distributable profit as at 31.12.2016 in amount of 11 249 231 euros distribute as follows:
Transfers to the legal reserve in amount of 525 424 euros;
A part of the profit of the Fund shall be paid out as (net) dividends in amount of 4 000 000 euros.
The profit of the Fund in amount 6 723 807 euros shall be included in retained earnings of previous
period. The list of shareholders with a right to receive dividends shall be fixed as at 11 April 2017 at 23.59.
Dividends shall be paid to the bank accounts of shareholders via bank transfer on 17 April 2017.
Additional information:
The list of shareholders entitled to participate at the annual general meetings shall be determined at
the end (23.59) of the fifth working day prior to the general meeting.
All documents concerning the Annual General Meeting of the Shareholders, including draft
resolutions, the 2016 Annual Report, the auditor’s report, the profit distribution proposal, and the report
of the Supervisory Board will be made available to the shareholders at the office of the Fund in Tallinn,
at A. Lauteri 5 (III floor), on workdays from 9:00AM till 4:00PM until the day of the General Meeting.
At the General Meeting, the shareholders are entitled to receive information on the activities of the
Fund from the Management Board. If the Management Board of the Fund refuses to provide
information, the shareholders may demand that the General Meeting decide on the legitimacy of their
demand, or submit, within two weeks, an application to court in proceedings on petition to require the
Management Board to provide the information.
Shareholders, whose shareholding represents at least 1/10 of the share capital, may request for
additional items to be added to the agenda of the General Meeting, if the respective request is
submitted in writing at least 15 days prior to the General Meeting. Shareholders, whose shareholding
represents at least 1/10 of the share capital, may submit their draft resolutions to each agenda item,
incl. additional agenda items in writing up to 3 days before the General Meeting. Registering to participate in the General Meeting will start at 09.30AM on April 11th 2017. To register,
we kindly ask shareholders to present an ID document and the representative of the shareholder
additionally to present a signed Power of Attorney or other documents validating representation. In
case Fund’s shareholder is a legal person registered in a foreign country, then the valid excerpt of the
registry card must be either legalized or authenticated with a document certificate apostille and
translated to Estonian.
We kindly ask you to send a confirmation of receipt of the Annual General Meeting invitation without
delay on your choice in writing (at the address Tallinn, A. Lauteri 5) or electronically
([email protected]).