On 16 September 2016 the decrease of the share capital of Nordecon AS was registered in the Commercial Register based on the resolution adopted by the general meeting of shareholders held on 25 May 2016.
Pursuant to the resolution of the general meeting of shareholders the share capital will be decreased by 971,264.49 euros from 20,691,704.91 euros to 19,720,440.42 euros. The share capital will be decreased by reducing the book value of the shares by 0.03 euro. The total number of the shares of the company will not change and the book value of shares shall be reduced proportionately to the reduction of the share capital. As a result of the decrease of the share capital, the share capital of Nordecon AS will be 19,720,440.42 euros that is divided into 32,375,483 shares with book value.
The share capital reduction in the amount of 922,701.84 euros (0.03 euro per share) will be paid out to the shareholders on 19 December 2016. For the own shares owned by Nordecon AS no payments shall be made to the company.
The list of shareholders entitled to receive the payments from the reduction of the share capital was fixed on 8 June 2016 at 11:59 p.m.
Nordecon (www.nordecon.com) 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, Finland and Sweden. 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 2015 was 145.5 million euros. Currently Nordecon Group employs close to 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
Tel: +372 6272 022
E-mail: andri.hobemagi@nordecon.com
www.nordecon.com