AS HANSAPANK

ANNOUNCEMENT

15.12.98

 

 

DECISIONS OF THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

 

 

The extraordinary general meeting of shareholders of AS Hansapank convened today, on 

December 15th, resolved:

 

1. To increase the share capital by 52,199,840 (fifty two million one hundred and 

ninety nine thousand eight hundred and forty) kroons through the issuance of 

5,219,984 (five million two hundred and nineteen thousand nine hundred and eighty 

four) new registered common shares – class B with the par value of 10 (ten) kroons. 

The issue of the new shares shall be directed to the European Bank for Reconstruction 

and Development (“EBRD”)

 

The issue price of a share shall be 53.64 kroons (fifty three kroons and sixty four 

cents), thus including a premium of 43.64 kroons (forty three kroons and sixty four 

cents). The new amount of the share capital shall be 787,644,340 (seven hundred and 

eighty seven million six hundred and forty four thousand three hundred and forty) 

kroons.

 

To waive the pre-emptive right of shareholders to subscribe for shares issued 

pursuant to this resolution.

The subscription period shall be from 16 December through 17 December 1998.

The subscription shall be made at the registered address of AS Hansapank, Liivalaia 

8, Tallinn.

The new shares shall be fully paid upon subscription by cash transfer to account no. 

227000000016 with Hansapank.

The new shares shall entitle EBRD to dividends for the financial year of 1998 and 

onwards.

To authorise the Board of Directors to extend the subscription period by 15 (fifteen) 

days from the end of the subscription period.

 

2. To accept the resignation of Mr Bengt Dennis and to recall Mr Bengt Dennis from 

the Council. The Council shall have 9 (nine) members.

 

 

AS HANSAPANK

 

 

 

Mart Toevere

Analyst

Tel. +372 6131 569