OREANDA-NEWS. Extension of the powers of the Members of the Supervisory Board of a group’s subsidiary entity.

On 17 March 2015, the Management Board of AS Merko Ehitus decided to extend the powers of the Members of the Supervisory Board of UAB Merko Statyba, Mr. Andres Trink, Mr. T?nu Toomik and Mrs. Signe Kukin for three years, i.e. from 13 April 2015 until 12 April 2018. The Supervisory Board of UAB Merko Statyba will continue with three members: Mr. Andres Trink (The Chairman), Mr. T?nu Toomik and Mrs. Signe Kukin.

According to the Articles of association of UAB Merko Statyba, the Member of the Supervisory Board is appointed for three years.

AS Merko Ehitus 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.