EESTI TELEKOM

ANNOUNCEMENT

20.05.99

 

 

ESTONIAN TELECOM LISTED EURO-DENOMINATED DEPOSITORY RECEIPT FACILITY 

ON THE LONDON STOCK EXCHANGE

 

 

Estonian Telecom has fulfilled all the requirements for listing of an 

euro-denominated Depository Receipt (euro DR) facility on the London 

Stock Exchange. The euro-denominated DR-s are listed on the London 

Stock Exchange from today.

 

The euro DR facility supplements Estonian Telecom’s existing US 

dollar GDR facility, which was established in February 1999. 

 

Estonian Telecom is the first Estonian company that listed dual 

currency euro/US dollar DR facility.

 

Euro DR facility shall open up a new and more convenient way for 

investors throughout the euro zone to purchase and trade emerging 

market securities in their own base currency. Euro DR structure was 

introduced late last year. Estonian Telecom’s DR facility was the 

fourth international euro-denominated DR facility that was set up. 

 

The depository receipts are eligible for settlement through Cedel and 

Euroclear.

 

 

Raul Kalev

Manger /Public Relations

Tel: +372 6460 220