OREANDA-NEWS. May 05, 2010. The annual general meeting of the shareholders of AS Harju Elekter was held at Keskvaljak 12,  Keila. The AGM was attended by 75 shareholders and their authorised representatives who represented the total of 9,817,158 votes accounting for 58.44 % of the total votes, reported the press-centre of Harju Elekter.

The agenda of the general meeting was as follows:

1. Approval to AS Harju Elekter annual report of 2009;

2. Approval to profit distribution;

3. About planned placing of 2007

1. Approval to AS Harju Elekter annual report of the year 2009.

The general meeting resolved:
To approve the annual report of AS Harju Elekter of 2009, prepared by the management board and approved by the supervisory board, according to which the consolidated balance sheet total of AS Harju Elekter was 618,148 thousand kroons as of 31.12.2009, while the turnover of the financial year was 632,675 thousand kroons and net profit 19,226 thousand kroons.

The number of the votes given in favor of the resolution was 9,817,110 which accounted for 100.0 % of the voted participants.

2. Approval to profit distribution

The general meeting resolved:

To approve the profit distribution proposal of AS Harju Elekter of 2009 as presented by the management board and as approved by the supervisory board as follows:

retained profit from previous periods on 31.12.2009 137,544 thousand kroons

net profit of the financial year                                  19,226 thousand kroons

total retained profit on 31.12.2009                          156,770 thousand kroons

Management board's proposal for the distribution of profit as follows:

dividends 0,80 kroons per share*                             13,440 thousand kroons

Balance carried forward after profit distribution        143,330 thousand kroons

The dividends will be paid to the shareholders on 26 May 2010 by a transfer to the bank account of the shareholder.
* the shareholders registered in the shareholders' registry on 13 May 2010 at 23.59 shall be entitled to dividend.

The number of the votes given in favor of the resolution was 9,764,766 which
accounted for 99.47 % of the voted participants.

3. About planned placing of 2007

The general meeting resolved:

To deem the decision adopted on the basis of item 4 of the General Meeting of the Shareholders of AS Harju Elekter on 26.04.2007 to carry out planned placing in 2010 inexpedient and to declare the decisions made under this item invalid.

The number of the votes given in favor of the resolution was 9,731,703 which
accounted for 99.13 % of the voted participants.