LEKS KINDLUSTUSE AS

ANNOUNCEMENT

19.08.1999

 

PRELIMINARY SUBSCRIPTION RESULTS

 

During the course of the issue of Leks Kindlustuse AS shares (11.08 

– 

16.08), the company’s majority shareholders Eesti Ühispank, Swiss 

reinsurance group Swiss Re and OÜ Slinkerit subscribed for majority 

of 

the shares issued, thus indicating their confidence in development 

of 

the company and the whole insurance market.

 

Eesti Ühispank subscribed for Leks Kindlustus shares worth of 7 

million 

EEK, Swiss Re 4 million EEK and OÜ Slinkerit 2 million EEK. The 

shareholders of Leks Kindlustus invested in the company total of 

13.4 

million EEK. Altogether 53 shareholders exercised the alternative 

to 

subscribe for Leks Kindlustus warrants, subscribing for total of 

605 436 warrants.

 

The volume of Leks Kindlustuse AS share capital after the current 

issue 

of shares and warrants is 39.7 million EEK. After the additional 

investment, AS Eesti Ühispank controls 47.6%, Swiss Re 20.7% and OÜ 

Slinkerit 16.1% of Leks Kindlustus share capital.

The final subscription results will be approved by the Management 

Board 

of Leks Kindlustuse AS.

 

 

Pille Eikner

Public Relations Manager

+372 66 58 200