Notice of adoption of resolutions of shareholders of AS Ekspress Grupp without convening a general meeting

The Management Board of AS Ekspress Grupp (registry code 10004677, official address Parda 6, 10151 Tallinn) proposes to the shareholders to adopt resolutions without convening a meeting in accordance to § 299 1  of the Commercial Code. The Management Board is making this proposal in order to avoid physical gatherings during the corona pandemic.The shareholders have the possibility to vote by e-mail using a voting ballot, which is added this notice on the website of Nasdaq Baltic stock...

Tallinn, 20/05/2021 (informazione.news - comunicati stampa - editoria e media)

The Management Board of AS Ekspress Grupp (registry code 10004677, official address Parda 6, 10151 Tallinn) proposes to the shareholders to adopt resolutions without convening a meeting in accordance to § 299  of the Commercial Code. The Management Board is making this proposal in order to avoid physical gatherings during the corona pandemic.

The shareholders have the possibility to vote by e-mail using a voting ballot, which is added this notice on the website of Nasdaq Baltic stock exchange ( https://nasdaqbaltic.com/ ) as well as of Ekspress Grupp homepage ( http://egrupp.ee/en ). The filled in and signed ballot and the documents enabling identification of the shareholder and proof the right of representation shall be sent by e-mail at  egrupp@egrupp.ee by no later than 15 June 2021 at 9:00 (Estonian time) in accordance with the procedure specified below.  If a shareholder does not give notice of whether he is in favour of or opposed to the resolution during this term, it shall be deemed that the shareholder has voted against the resolution.

The circle of shareholders entitled to adopt the resolutions will be determined seven days prior the term by which shareholders must present their position, i.e. on 8 June, 2021 at the end of the working day of the settlement system. Ekspress Grupp shall disclose the resolutions with a stock exchange announcement and on the company's homepage no later than on 22 June 2021 in accordance with § 299  (6) of the Commercial Code.

As at 20 May, 2021, the share capital of AS Ekspress Grupp is 18,878,104.60 euros. The total number of shares is 30,796,841, with each share granting one vote. The right to vote is not granted to AS Ekspress Grupp's 513,972 own shares.

The management board of AS Ekspress Grupp submits the following draft resolutions to the shareholders.

To approve the 2020 annual report of AS Ekspress Grupp for the financial year from 1 of January 2020 to 31 of December 2020.

To approve the Profit Distribution Proposal for 2020. To distribute total 2,509,578 euros as follows: to increase statutory reserve by 125,479 euros; the remaining 2,384,099 euros to be allocated to the retained earnings.

To extend the mandate of Aleksandras Česnavičius as the Member of the Supervisory Board until 16.06.2025.

Forwarding of the voting ballot and accompanying documents
The filled in and signed voting ballot and accompanying documents must be sent by e-mail to egrupp@egrupp.ee no later than 15 June 2021 at 9.00.

In order to assign a representative, the shareholder may use the template for power of attorney, which is published on the homepage of AS Ekspress Grupp at www.egrupp.ee and on the website of Nasdaq Baltic stock exchange ( https://nasdaqbaltic.com/ ).

The draft resolutions and related documents are available on the websites of AS Ekspress Grupp ( www.egrupp.ee ) and Nasdaq Baltic ( https://nasdaqbaltic.com/ ).

Questions related to the resolutions and adoption procedure
Questions related to the resolutions and the adoption procedure may be submitted to e-mail egrupp@egrupp.ee  until the deadline given to the shareholders to present their position. The questions and answers will be disclosed on Ekspress Grupp homepage www.egrupp.ee .

Mari-Liis Rüütsalu
AS Ekspress Grupp
Chairman of the Management Board
+372 512 2591
mariliis.ryytsalu@egrupp.ee

Attachments