Tallinn, Estonia, 2015-08-14 10:00 CEST (GLOBE NEWSWIRE) --
On 14 August 2015, the decrease of share capital of AS Merko Ehitus was registered in the Commercial Register based on the resolutions adopted by the general meeting of shareholders held on 29 April 2015.
Based on the resolution of the general meeting of the shareholders, share capital will be reduced by EUR 4,071,000 (EUR 0.23 per share), from the amount EUR 12,0000,000 to EUR 7,929,000. Share capital is reduced by way of reducing the book value of the shares and as a result of the reduction the book value of one share will be reduced from EUR 0.677966 to EUR 0.447966; the number of shares will remain the same – 17,700,000 shares.
The monetary payments to the shareholders in the amount of EUR 4,071,000 (EUR 0.23 per share) related to the reduction of share capital will be made on 16 November 2015.
The list of shareholders entitled for the payments from the reduction of share capital was fixed on 22 May 2015, at 23:59.
Signe Kukin
Group CFO
AS Merko Ehitus
Phone: +372 650 1250
E-mail: signe.kukin@merko.ee
AS Merko Ehitus (group.merko.ee) consists of Estonia’s leading construction company AS Merko Ehitus Eesti, the Latvian-market-oriented SIA Merks, UAB Merko Statyba that is operating on the Lithuanian market and the real estate development business unit along with real estate holding companies. As at the end of the year 2014, the group employed 765 people and the company’s revenue for 2014 was EUR 252.3 million.