| POLISH FINANCIAL SUPERVISION AUTHORITY | |||||||||||
| UNI - EN REPORT No | 12 | / | 2020 | ||||||||
| Date of issue: | 2020-04-08 | ||||||||||
| Short name of the issuer | |||||||||||
| NOVATURAS AB | |||||||||||
| Subject | |||||||||||
| Regarding the General Meeting of Shareholders | |||||||||||
| Official market - legal basis | |||||||||||
| art. 17. 1 MAR. | |||||||||||
| Unofficial market - legal basis | |||||||||||
| Contents of the report: | |||||||||||
| The company informs that the date of the General Meeting of Shareholders is postponed. The General Meeting of Shareholders approves the audited financial statements, which are delayed this year due to the impact of COVID-19. The notice of the General Meeting of Shareholders was planned to be announced today while the Shareholders' Meeting itself was scheduled for April 30. The new date of the General Meeting of Shareholders will be announced on a separate note. About Novaturas Group Novaturas Group is the leading tour operator in the Baltics states. Since 21 March 2018, Novaturas shares have been dual-listed on the Warsaw Stock Exchange and on Nasdaq Vilnius. Novaturas was established in 1999, became the market leader in the Baltics in 2004. Aside from the Baltics, Novaturas has begun offering its products in Belarus, where they are retailed through local partners. Novaturas continues to attract new clients thanks to its attractive and diverse offering and the high quality of its services. The Group offers both summer and winter package holidays as well as sightseeing tours by coach or plane to more than 30 destinations worldwide, including the most popular holiday resorts in Southern Europe as well as select locations in North Africa, the Middle East, Asia and Latin America. The Group's strategy also aims to retain diverse and complementary distribution channels. Novaturas works with over 400 travel agencies, including all of the major agencies in the Baltics. It also operates retail offices of its own in main cities of Lithuania, Latvia and Estonia, and is investing in further development of its e-commerce channel. The Company’s asset-light business model, which is characterized by strong cash flows from operating activities and low capital expenditures, allows it to pay out a large part of its earnings to shareholders. Paying regular dividends is one of the key elements of the Company's strategy. Every year the Management Board expects to propose for distribution 70-80% of the Company’s net profit. Finance director, Tomas Staškūnas [email protected], +370 687 10426 | |||||||||||
| Annexes | |||||||||||
| File | Description | ||||||||||
| NOVATURAS AB | |||||||||||||
| (fullname of the issuer) | |||||||||||||
| NOVATURAS AB | Usługi inne (uin) | ||||||||||||
| (short name of the issuer) | (sector according to clasification of the WSE in Warsow) | ||||||||||||
| LT-44245 | Kowno | ||||||||||||
| (post code) | (city) | ||||||||||||
| A.Mickeviciaus | 27 | ||||||||||||
| (street) | (number) | ||||||||||||
| +370 37 321 264 | +370 37 321 130 | ||||||||||||
| (phone number) | (fax) | ||||||||||||
| (e-mail) | (web site) | ||||||||||||
| (NIP) | (REGON) | ||||||||||||
| SIGNATURE OF PERSONS REPRESENTING THE COMPANY | |||||
| Date | Name | Position / Function | Signature | ||
| 2020-04-08 | Tomas Staskunas | CFO | |||
