Resolutions of the Annual General Meeting of AS Tallinna Sadam

The annual general meeting of AS Tallinna Sadam (hereinafter: Tallinna Sadam) was held on 25 April 2024 at 14.00 in the cruise terminal at Old City Harbour (Logi street 4/2, Tallinn).

The notice on calling the annual general meeting was published on 4 April 2024 in the stock exchange information system, on Tallinna Sadam website https://www.ts.ee/en/investor/agm/ and in the daily newspaper “Postimees”. The list of shareholders entitled to participate at the annual general meeting was fixed as of 18 April 2024 at the end of the business day of the Nasdaq CSD settlement system.

A total of 67 shareholders participated and were represented at the meeting, with their corresponding shares representing a total of 183 308 771 votes. This means 69,70% of the votes determined by shares were represented at the meeting. Shareholders who voted before the general meeting are considered to be participating in the general meeting, and the votes represented by the shares owned by the shareholder are included in the quorum of the general meeting.

The annual general meeting of the shareholders of AS Tallinna Sadam resolved:

1. Approval of the Annual Report 2023

With 183,283,678 i.e. 99.99% votes in favour, to approve the Annual Report 2023 of AS Tallinna Sadam, as presented to the general meeting.

2. Profit allocation
With 183,300,926, i.e. 99.996% votes in favour, to approve the profit distribution proposal of 2023 of AS Tallinna Sadam as follows:
2.1.   To approve the net profit of the financial year of 2023 in the amount of 15,882,328 euros and the retained earnings (including 2023 profit) of 47,323,521 euros.
2.2.   Transfer to statutory capital reserve 446,084 euros.
2.3.   To pay dividends to the shareholders 0.073 euros per share, in the total amount of 19,199,000 euros.

The list of shareholders entitled to receive dividends will be established as at 10.05.2024 at the end of the business day of the settlement system. Consequently, the day of change of the rights related to the shares (ex-dividend date) is set to 09.05.2024. From that day the person acquiring the shares will not have the right to receive dividends for the financial year 2023. Dividends shall be disbursed to the shareholders on 17.05.2024.