Three shareholders and company executives attended the Ekspress Group’s shareholders’ meeting. The shareholder with the largest shareholding, whose votes were the weight of the vote, had already submitted his decisions. Photo: Liis Treimann
At the shareholders’ meeting of Ekspress, it felt as if they had attended the weekly meeting of the department, and not at the biggest gathering of the listed company with several thousand shareholders. There was not even a sovereign sole shareholder, which owns 73.23% of the company, only a few minority shareholders and the company’s own directors.
The results of the shareholders’ meeting of Ekspress Grupp held on 2 May were already known before it took place. 84.14% of the votes, or almost 25.5 million votes, participated in the meeting. Hans Luige, the largest owner of Ekspress Grupp, had 22.55 million votes. Thus, even before the meeting began, the question remained that, as Luik says, so it is.
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