Proposal to increase share capital for execution of the option plan

| Source: Nordecon

Tallinn, Estonia, 2014-05-02 08:30 CEST (GLOBE NEWSWIRE) -- The council of Nordecon AS has made a proposal to the annual general meeting of the shareholders to increase Nordecon AS’ share capital for execution of the option plan by issuing 1,618,755 new shares without par value.

The information related to the proposed increase of share capital is published within the notice of annual general meeting of shareholders (company announcement published on 2 May 2014).


Nordecon is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in Estonia, Ukraine and Finland. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. In addition to the parent company, there are more than 10 subsidiaries in the Group. The consolidated revenue of the Group in 2013 was 174 million euros and net profit 4.6 million euros. Currently Nordecon Group employs more than 700 people. Since 18 May 2006 the company's shares have been quoted in the main list of the NASDAQ OMX Tallinn Stock Exchange.

         Raimo Talviste
         Nordecon AS
         Head of Finance and Investor Relations
         Tel: +372 615 4445