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Annual General Meeting held in Ericsson Nikola Tesla Joint Stock Company
The Annual General Meeting of Ericsson Nikola Tesla Joint Stock Company was held on the company premises on Tuesday, 27 May 2014. The equity capital represented at the AGM was HRK 89,379,100 which corresponds to 67.12 % of the total company's equity, thus satisfying the legal conditions for the meeting to proceed and for its decisions to be legally valid. The AGM proceedings were conducted in the presence of a notary public by Snježana Bahtijari, the AGM chairperson appointed by the Supervisory Board.
The AGM proceedings were followed by the attending shareholders and members of the company’s management as well as the Supervisory Board representatives: Roland Nordgren, the chairman and Carita Jönsson, Ignac Lovrek, Dubravko Radošević and Zvonimir Jelić, members. LM Ericsson, the major individual shareholder, was represented by Tomas Malm.
The company’s 2013 business results, strategy and prospects for 2014 were presented by Gordana Kovačević, Ericsson Nikola Tesla President.
Rafal Rybkowski, Finance Director, presented the company’s financial results and indicators for the past year. The positive findings of the PricewaterhouseCoopers audit report were referred by John Gašparac, the representative of auditors, whereas Zvonimir Jelić, the Supervisory Board employee representative member read the Supervisory Board’s Report for 2013.
The AGM adopted the decision for the Company to pay its shareholders regular dividend of HRK 20 per share and an extraordinary dividend of HRK 300 per share, that is, the total of HRK 320 per share from reserves representing an excess above the prescribed 5% of the share capital, retained earnings realized in 2004, 2010, 2011, 2012 and part of net income realized in the financial year 2013. The dividend will be paid on 17 June 2014 to all the Company shareholders who have the Company shares registered on their securities accounts in the Central Depository & Clearing Company on 3 June 2014 ( record date).
The decision was adopted to allocate the 2013 profit in the amount of HRK 143,859,131.22 into dividend payment (to the amount lacking after having used the not allocated retained earnings), treasury shares reserves amounting to HRK 10,000,000.00 and the rest will be allocated to retained earnings.
The shareholders have adopted the decision to re-appoint for the second 4-year term the Supervisory Board member Dubravko Radošević. The decisions to discharge from liability the Managing Director Gordana Kovačević and the Supervisory Board Chairman and members for the management of the company in 2013 were also adopted, as well as the decision to re-appoint PricewaterhouseCoopers the company auditors for 2014.
Ericsson Nikola Tesla Company Communications
The company’s 2013 business results, strategy and prospects for 2014 were presented by Gordana Kovačević, Ericsson Nikola Tesla President.Rafal Rybkowski, Finance Director, presented the company’s financial results and indicators for the past year. The positive findings of the PricewaterhouseCoopers audit report were referred by John Gašparac, the representative of auditors, whereas Zvonimir Jelić, the Supervisory Board employee representative member read the Supervisory Board’s Report for 2013.
The AGM adopted the decision for the Company to pay its shareholders regular dividend of HRK 20 per share and an extraordinary dividend of HRK 300 per share, that is, the total of HRK 320 per share from reserves representing an excess above the prescribed 5% of the share capital, retained earnings realized in 2004, 2010, 2011, 2012 and part of net income realized in the financial year 2013. The dividend will be paid on 17 June 2014 to all the Company shareholders who have the Company shares registered on their securities accounts in the Central Depository & Clearing Company on 3 June 2014 ( record date).The decision was adopted to allocate the 2013 profit in the amount of HRK 143,859,131.22 into dividend payment (to the amount lacking after having used the not allocated retained earnings), treasury shares reserves amounting to HRK 10,000,000.00 and the rest will be allocated to retained earnings. The shareholders have adopted the decision to re-appoint for the second 4-year term the Supervisory Board member Dubravko Radošević. The decisions to discharge from liability the Managing Director Gordana Kovačević and the Supervisory Board Chairman and members for the management of the company in 2013 were also adopted, as well as the decision to re-appoint PricewaterhouseCoopers the company auditors for 2014.
Ericsson Nikola Tesla Company Communications
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