Extraordinary General Meeting of Ericsson Nikola Tesla d.d. held

In the conditions caused by the COVID-19 pandemic and with the observance of all epidemiological measures, on December 9, 2020, in the Company's premises in Zagreb, the Extraordinary General Meeting of Ericsson Nikola Tesla d.d. was held.

For the participation in the work of the General Meeting, HRK 85,957,100 of the equity capital was registered, corresponding to 64.55 % of the total Company’s equity. This was sufficient for the General Meeting to male valid decisions.

The General Meeting was presided by Snježana Bahtijari, the Chairperson of the General Meeting, while the work of the General Meeting was supervised by the notary public, Vladimir Marčinko.

In her address to the gathered shareholders, the Company's President, Gordana Kovačević, MSc, highlighted that even in this particularly challenging year, Ericsson Nikola Tesla Group has focused on achieving quality business results and caring about all its stakeholders, and she is therefore particularly pleased that the decisions of this Extraordinary General Meeting are focused on the benefit of the employees, as well as shareholders.

In line with the published Agenda, the Extraordinary General Meeting of Ericsson Nikola Tesla reached the following Decisions:

Item 2

“The Company’s shareholders will be paid a dividend amounting to HRK 49 per share from retained earnings from 2018 and 2019. The dividend payment will be effected on December 21, 2020 (payment date) to all the Company’s shareholders who had the Company’s shares registered on their securities account in the Central Depository & Clearing Company on December 14, 2020 (record date). The date from which the Company’s shares will be traded without dividend payment right is December 11, 2020 (ex-date).”

Item 3

“Taking into account the Company’s business results during the preceding period, the Company’s Management Board is given consent to award the Company’s employees up to 11,000 treasury shares.”

Item 4

“The decision on amending Article 12 and 13 of the Company’s Articles of Association:

Article 12 is amended and now reads as follows:

“General Meeting of the Company shall be convened at a venue defined by the Management Board.

Shareholders participate in the work of General Meeting in person or by proxy, or through electronic communication by audio and video streaming.

The manner of holding and participation of shareholders in the work of General Meeting will be determined by the Management Board.

The Management Board is entitled to make a decision whereby the shareholders would be enabled to exercise all or some of their rights entirely or partially by electronic means  (e.g. voting right, right to propose decisions, right to submit questions etc.) in cases where they do not participate in General Meeting, neither in person nor by proxy, at the location where it is held.“

In Article 13, after paragraph 1, a new paragraph 2 is added. Former paragraphs 2 and 3 become paragraphs 3 and 4. The new paragraph 2 reads as follows:

“The Company may deliver information to the shareholders by electronic means.”

Communications Ericsson Nikola Tesla