Tallinn, 2012-06-07 12:55 CEST (GLOBE NEWSWIRE) -- Resolutions of the Annual General Meeting of 7 June 2012
There were shareholders having 470 285 207 votes registered at the Annual General Meeting, constituting 70,20 % of total of the votes represented by shares of AS Tallink Grupp.
Resolutions adopted at the meeting:
1. Approval of the Annual Report of 01.09.2010 - 31.12.2011 of AS Tallink Grupp
To approve the Annual Report of 01.09.2010 - 31.12.2011 of AS Tallink Grupp presented by the Management Board.
Tabulation of votes:
In favor: 470 280 373 votes (100 % of the represented votes)
Against: 0 votes (0 % of the represented votes)
Impartial: 3 530 votes (0 % of the represented votes)
Did not vote:1 304 votes
2. Distribution of profits
The net profit for the financial year 01 September 2010 – 31 December 2011 of 37,476,000 euros to be allocated as follows:
- 1,873,800 euros to be transferred to the mandatory legal reserve;
- 35,602,200 euros to be transferred to the retained earnings.
No dividends shall be distributed to the shareholders.
Tabulation of votes:
In favor: 470 055 643 votes (99,95% of the represented votes)
Against: 223 764 votes (0,05 % of the represented votes)
Impartial: 4 496 votes (0 % of the represented votes)
Did not vote: 1 304 votes
3. Nomination of an auditor and determination of the procedure of remuneration of an auditor.
To nominate the company of auditors KPMG Baltics OÜ to conduct the audit of the financial year 01.01.2012 - 31.12.2012.
The auditors shall be remunerated according to the audit contract to be concluded.
Tabulation of votes:
In favor: 468 192 783 votes (99,56 % of the represented votes)
Against: 1 674 620 votes (0,36 % of the represented votes)
Impartial: 416 500 votes (0,09 % of the represented votes)
Did not vote: 1 304 votes
4. Election of the member of the Supervisory Board
Due to the expiry of the term of authority of the member of the Supervisory Board Mr Ashwin Roy on 26.01.2012 to elect Mr Ashwin Roy retroactively as from 27.01.2012 for the next term of authority as the member of the Supervisory Board of AS Tallink Grupp.
Tabulation of votes:
In favor: 469 984 539 votes (99,94 % of the represented votes)
Against: 23 390 votes (0 % of the represented votes)
Impartial: 275 974 votes (0,06 % of the represented votes)
Did not vote: 1 304 votes
5. Remuneration for work of the member of Supervisory Board
5.1. The voting was conducted about which of the two draft resolutions presented to the General Meeting have the support of the majority, whether
I The draft resolution presented by the Management Board and the Supervisory Board of AS Tallink Grupp:
“To remunerate the work of the member of the Supervisory Board pursuant to the resolution no 9 of 8.02.2011 of the Annual General Meeting of shareholders of AS Tallink Grupp.
The Supervisory Board member Mr Ashwin Roy shall not be remunerated for his work as a member of the Supervisory Board with reference to his personal application about renouncing the payment. “
Tabulation of votes:
In favor: 181 742 708 votes (38,65 % of the represented votes)
Against: 288 068 675 vote (61,25 % of the represented votes)
Impartial: 472 520 votes (0,10 % of the represented votes)
Did not vote: 1 304 votes
II The draft resolution presented by AS Infortar:
“ 1. To remunerate the work of the member of the Supervisory Board of AS Tallink Grupp as from 01 July 2012 as follows:
Chairman of the Supervisory Board - 2500 Euros per month;
Member of the Supervisory Board - 2000 Euros per month.
2. The Supervisory Board member Mr Ashwin Roy shall not be remunerated for his work as a member of the Supervisory Board with reference to his personal application about renouncing the payment. “
Tabulation of votes:
In favor: 356 871 953 votes (75,88 % of the represented votes)
Against: 1 809 792 votes (0,38 % of the represented votes)
Impartial: 29 836 375 votes (6,34 % of the represented votes)
Did not vote: 81 767 087 votes
5.2. As the draft resolution of AS Infortar received the majority support, it was presented to the General Meeting for voting:
“ 1. To remunerate the work of the member of the Supervisory Board of AS Tallink Grupp as from 01 July 2012 as follows:
Chairman of the Supervisory Board - 2500 Euros per month;
Member of the Supervisory Board - 2000 Euros per month.
2. The Supervisory Board member Mr Ashwin Roy shall not be remunerated for his work as a member of the Supervisory Board with reference to his personal application about renouncing the payment. “
Tabulation of votes:
In favor: 356 964 245 votes (75,90 % of the represented votes)
Against: 1 686 822 votes (0,36 % of the represented votes)
Impartial: 29 865 965 votes (6,35 % of the represented votes)
Did not vote: 81 768 175 votes
Harri Hanschmidt
Head of Investor Relations
AS Tallink Grupp
Sadama 5/7. 10111 Tallinn
Tel +372 640 8981
E-mail harri.hanschmidt@tallink.ee
