Eesti Energia Updates Articles of Association

On 16 September 2026, the Minister of Finance of Estonia approved the new wording of Eesti Energia AS's Articles of Association, marking a significant update to the company's governance structure. This change was necessitated by the implementation of mandatory requirements introduced by the amended State Assets Act, which took effect in June 2026.

The amendments to Eesti Energia AS's Articles of Association include several key changes. Firstly, the Articles now include a new clause 9.4, which grants shareholders the right to review documents related to the activities of the company's Supervisory Board and internal audit. This provision aims to enhance transparency and accountability within the company.

Additionally, clauses 10.2 and 10.4(d) have been amended and clarified. These changes pertain to the presentation and disclosure of the annual report and the Supervisory Board's overview of its activities. The modifications are designed to ensure that the company's financial and operational performance is more transparent and accessible to stakeholders.

Furthermore, the company has revised clause 10.4(b) to include a requirement for the disclosure of quarterly financial data. A new stipulation mandates that a quarterly overview of business activities must be disclosed within two months of the end of each quarter. This enhanced transparency is intended to provide investors and other stakeholders with timely and relevant information.

Lastly, the title of Chapter 11 has been clarified to include a reference to the financial plan. This change is part of the broader effort to align the company's governance structure with the updated legal requirements.

These amendments to Eesti Energia AS's Articles of Association reflect the company's commitment to maintaining high standards of corporate governance and transparency. The changes are expected to enhance the company's operational efficiency and strengthen its relationship with shareholders and other stakeholders.