Name: AS Tallinna Vesi (Tallinn Water Ltd.) Core business: Water supply and wastewater collection and treatment services Date of establishment: 1967 (Tallinn Water Works & Sewerage Management) Date of registration: 1997 registered as stock company AS Tallinna Vesi Auditor: PricewaterhouseCoopers AS Date of listing: 1 June 2005 (Main List) Market: Nasdaq Tallinn Other listings: -
Management Board: Karl Heino Brookes (Chairman), Riina Käi, Aleksandr Timofejev
Supervisory Board: Simon Gardiner (Chairman), Allar Jõks, Toivo Tootsen, Priit Rohumaa, Katrin Kendra, Priit Lello, Brendan Francis Murphy, Martin Padley, Keith Haslett
Background Information Tallinna Vesi is the largest water utility in Estonia, providing drinking water and wastewater disposal services to over 460,000 people in Tallinn and in several of the neighboring municipalities. The Company operates a 2,000 km2 catchment area to collect raw water, and owns and operates the full range of assets required to treat and supply water and collect and dispose of wastewater and stormwater. The Company is certified to IS0 9001, ISO 14001, ISO 17025, OHSAS 18001 and is EMAS accredited.
Tallinna Vesi is a classic example of a company transforming itself from a 100% municipally owned water company, through a privatisation in 2001, to a listing on the Tallinn Stock Exchange in June 2005. Currently, 35.3% of the Company is owned by UU Tallinn B.V., 34.7% by the City of Tallinn and 30% of shares are freely floated.
The Company is providing high quality service to its customers with a low operating risk. Tallinna Vesi’s services comply with all applicable requirements and the Company has an exclusive right to operate as a water and wastewater undertaking in the area until 2025. The Company owns all its assets and is not operating based on a concession contract. The Company has years of comprehensive experience in the field and is therefore able to extend its service area if needed.
Nasdaq Baltic is a common name for the companies and exchanges/regulated markets operated by Nasdaq companies in the Baltic States, including Nasdaq Tallinn AS, Nasdaq Riga, AS and AB Nasdaq Vilnius among them and information provided by them hereto.