Energy, Estonia

Retained profits from the previous periods as of December 31, 2008, totalled 114.9 million kroons, writes LETA.

Harju Elekter decided to plan and carry out the issue of shares in 2012 by way of direct placement.

The objective of the planned issue of shares is to involve the members of the directing bodies and employees of companies within the same group with Harju Elekter and members of the management board of affiliated companies of Harju Elekter as the shareholders of Harju Elekter in order to motivate these persons to make efforts towards achieving better financial results for Harju Elekter, thereby ensuring the economic development of the company and involvement of additional funds in the equity capital of Harju Elekter and increasing the value of the shares in Harju Elekter.