Airobot Technologies : Decisions of the shareholders - adoption of resolutions of the General Meeting without calling a meeting

Airobot Technologies
Resolutions of annual general meeting Decisions of the shareholders - adoption of resolutions of the General Meeting without calling a meeting

The management board of Airobot Technologies AS, registry code 16405978, address Suur-Sõjamäe tn 37a, 75322, Rae rural municipality, Estonia (hereinafter the Company) published on 25 April 2024 pursuant to § 299¹subsections 1, 2 and 3 of the Commercial Code the draft resolutions for the adoption of shareholders' resolutions without calling a meeting.

The list of shareholders entitled to vote was determined as at seven days before the voting term, i.e. on 26 April 2024 at the end of the business day of the settlement system of Nasdaq CSD Estonia. The Company has a total of 2,444 shareholders, who own a total of 2,511,067 shares.

The deadline for shareholders to submit their positions was on 3 May 2024 at 23:59 Estonian time. One shareholder of the Company submitted its vote, whose shares represent in total 2,037,731 votes, that forms 81.15% of all votes determined by shares.

The shareholders of the Company adopted the following resolutions:

1. Approval of the consolidated financial statements of the Company for the financial year 2023.

To approve the consolidated financial statements of the Company for the financial year 2023 as submitted to the General Meeting.

2,037,731 votes were in favour of the resolution i.e. 81.15% of all votes represented by shares, 473,336 votes opposed or did not vote i.e. 18.85% of all votes represented by shares, no one remained impartial. Thus, the resolution has been adopted in the wording above.

2. Allocation of the profit of the Company for the financial year 2023 and coverage of losses of previous reporting periods

The result of the financial year 2023 of the Company was a profit of EUR 52 619,00 and the undistributed losses of previous periods amount to EUR 851 911,00. Based on the above:

2.1 To allocate 1/20 of the profit of the Company for the financial year 2023, i.e. EUR 2,630.95, to the mandatory reserve capital of the Company.

2.2 To cover the Company's losses of previous periods in the amount of EUR 49 988.05 from the Company's profit for the financial year, i.e. to the extent that no reserve was created from the profit for the financial year.

2.3 To cover the Company's losses of the previous periods to the amount of EUR 230 751,00 from other reserves, so that the Company's voluntary reserve will be EUR 0 after covering the losses.

2.4 To cover the Company's losses of the previous periods in the amount of EUR 171 171,95 from the surplus, so that the Company's surplus after covering the losses is EUR 593 136,05.

2.5 After the aforementioned loss cover, the Company's loss from previous periods will amount to EUR 400 000.00, which will be covered by the profit of future periods.

2,037,731 votes were in favour of the resolution i.e. 81.15% of all votes represented by shares, 473,336 votes opposed or did not vote i.e. 18.85% of all votes represented by shares, no-one remained impartial. Thus, the resolution has been adopted in the wording above.

For additional information please contact:

Heiki Aulik
Airobot Technologies AS
Management Board Member
Ph: [phone]
E-mail: [e-mail]