Annual general meeting of shareholders of EPTAN Real Estate Fund held on 8 April 2025 at Radisson Collection Hotel Conference Center (Second Manzil, Tallin, Rawla 3).
A total of 130 shareholders attended a meeting representing 8,496,764 votes, ie 74.49% of the total votes were represented. Among the participants, 10 shareholders representing 25,527 votes, ie 0.22%of all the votes, declared their votes electronically before the meeting as per the electronic voting process announced for the meeting. So there was a quorum in the meeting.
The annual general meeting of the fund shareholders adopted the following proposals:
Approve the annual report of funds for 2024
In favor of 8,522,281 IE 100% votes, shareholders decided to approve the annual report of the Eften Real Estate Fund for the financial year 2024, as presented in the general meeting. No shareholder voted against the verdict. 10 votes, ie 0% did not participate in voting.
Distribution of profit
In favor of 8,522,166 IE 100% votes, shareholders decided to approve the proposal of profit distribution proposal: Fund's 2024 financial year consolidated net profit is 13,564 thousand euros. 25 565 thousand euros to distribute undivided benefits by 31 December 2024 in total amount of euro:
Transfer to Reserve Capital: 1,357 thousand euros.
Benefits to be distributed among shareholders (net dividends): 12 699 thousand euros (1,11 euro per share).
Other reserves will not be transferred and benefits will not be used for any other purposes.
The quantity of undeclared benefits after transfer is 11 509 thousand euros.
The list of shareholders entitled to dividends will be set on 22.04.2025 (Write date) At the end of the working day of the registrar of the disposal system of funds of funds. Therefore, the date of change in rights associated with shares (Pre -date) 21.04.2025. A person who has acquired shares as this date is not entitled to dividend for the 2024 financial year. Dividers will be distributed to shareholders on 30.04.2025 through bank transfer to shareholder's bank account.
No shareholder voted against the verdict. No shareholders were neutral. 125 votes, ie 0% did not participate in voting.
Extension of authorities of supervisory board members
6,552,551 IE 76.89% of the votes, in favor of votes, shareholders decided to expand the authorities of members of the Supervisory Board Aarti Aarti Arkas, Sander Reben, Siyive Penu and Olav Mile by 18.06.2030, ie for a period of five years from the moment of expansion.
1,287,306 votes against IE 15.11%, and 6,839 votes IE 0.08% were neutral. 675,595 votes, ie 7.93% did not participate in voting.
Increase in share capital and new shares list in NASDAQ Telin Stock Exchange's main list
In favor of 7,127,778 IE 83.64% votes, shareholders decided to decide to increase the capacity of the Supervisory Board for the increase of share capital for a period of one year, which after this general meeting by public and/or private offering, except and keeping in mind except for the pre-staunch rights of the existing shareholders, except and in mind:
(i) Additionally the number of shares to be issued would not exceed 10% of the number of shares at the time of adopting this resolution;
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And to apply for listing and admission for trading of all newly released stocks in the main list of Nasdaq Telin Stock Exchange.
To accomplish all activities, to authorize the supervisory board and fund management board and end all agreements required for this purpose.
1,316,587 votes against IE 15.45%, and 77,066 votes were 0.90% neutral. 860 votes, ie 0,01% did not participate in voting.
The minutes of the general meeting will be made available on the website of the fund (not 7 days after the meeting.
Viljar Arkas
Member of the management board
Phone 655 9515
E-mail: viljar.arakas@eften.ee
