Nordecon AS (registry code 10099962, address Pärnu mnt 158/1, 11317 Tallinn) extraordinary general meeting of shareholders was held on 09 July 2014 at 09.30 a.m. in the conference centre of Radisson Blu Hotel Olümpia, room Beta (Liivalaia 33, 10118 Tallinn).
The shareholders of Nordecon AS made the following decision according to the proposed agenda:
Item 1. Amendment of resolution no. 6 of the Company’s annual general meeting of 27 May 2014
To change the first two subsections of resolution no. 6 of the Company’s annual general meeting of 27 May 2014 and to adopt them in the following wording:
- To increase the Company’s share capital for execution of the Company’s Option Plan by issuing 1,618,755 new shares without par value by 1,034,573.01 euros, i.e. from 19,657,131.90 euros to the new amount of share capital of 20,691,704.91 euros.
- To issue the new shares with share premium of 0.338 euros per share (the total share premium will amount to 546,950.63 euros).
In addition to that, Nordecon AS announces that according to the key terms and conditions of the share option plan, adopted on the annual general meeting on 27 May 2014, Nordecon AS, arranger of the option plan Raidla Lejins & Norcous Advokaadibüroo OÜ and its subsidiary established for the implementation of the option plan, Veratrum OÜ have signed the service performance and option agreement, whereby Veratrum OÜ subscribes and acquires the option shares for the performance of the option plan and transfers these shares to Nordecon AS according to the terms and conditions of the agreement.
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.
Andri Hõbemägi
Nordecon AS
Head of Investor Relations, Member of the Council
Tel: +372 6272 022
Email: andri.hobemagi@nordecon.com
www.nordecon.com