AS Harju Elekter Group: The Big Meeting You Can't Miss!

Ladies and gentlemen, buckle up! The Annual General Meeting of shareholders of AS Harju Elekter Group is just around the corner, and it's going to be a game-changer! Mark your calendars for April 24, 2025, at 10:00 a.m. at the Nordic Hotel Forum in Tallinn. This is the event of the year, and you don't want to miss it!



The agenda is packed with crucial decisions that will shape the future of this powerhouse company. Let's dive into the highlights:

1. Approval of the 2024 Annual Report: The Management Board and Supervisory Board have prepared a stellar report for 2024. The total consolidated balance sheet as of December 31, 2024, stands at a whopping 153.7 million euros! Revenue soared to 174.7 million euros, with an operating profit of 6.4 million euros and a net profit of 3.2 million euros. This is a company on the rise, folks! You need to be part of this growth story!

2. Profit Distribution: The Management Board proposes a dividend of EUR 0.15 per share, totaling EUR 2,774,816. This is a 15% increase from the previous year's dividend of EUR 0.13 per share. The total distributable profit as of December 31, 2024, is EUR 52,937,012. This is a clear sign of financial strength and growth potential. Don't miss out on this opportunity to cash in on the profits!

3. Amendment of the Articles of Association: The company is proposing to change its business address to Tallinn. This move could have significant implications for operational efficiency, strategic positioning, and cost structure. Tallinn is a major business hub with better infrastructure and a larger talent pool. This could be a game-changer for AS Harju Elekter Group!

4. Remuneration Principles for the Management Board: The company is seeking approval for remuneration principles for its Management Board members. This is a crucial decision that will impact the company's ability to attract and retain top talent. Stay tuned for more details on this!



Now, let's talk about the organizational issues. Shareholders whose shares represent at least 1/20 of the share capital can request additional items to be included in the agenda. This is your chance to have your voice heard! Submit your requests in writing by April 9, 2025. You can also submit draft resolutions on each item on the agenda by April 21, 2025. Don't be a silent partner; make your opinions count!

The documents of the annual general meeting, including the annual report, the sworn auditor’s report, the profit distribution proposal, the report of the Supervisory Board, Articles of Association, remuneration principles, and the draft resolutions of the items on the agenda, are available on the company’s website at www.harjuelekter.com or at the website of Nasdaq Baltic https://nasdaqbaltic.com/. Questions regarding the items on the agenda can be submitted to the e-mail address yldkoosolek@harjuelekter.com. Questions, answers, and positions of the meeting are published on the company’s Internet website.

So, mark your calendars, get your questions ready, and be part of this historic event! This is your chance to shape the future of AS Harju Elekter Group. Don't miss out on this opportunity to be part of something big!