TALLINN STOCK EXCHANGE

ANNOUNCEMENT

 

LISTING COMMITTEE'S DECISION ABOUT THE APPLICATION OF RAKVERE 

LIHAKOMBINAAT 

 

The Tallinn Stock Exchange (TSE) Listing Committee discussed on its 

23.05.2000 meeting the application of AS Rakvere Lihakombinaat 

(RLK) to delist the shares of RLK from the Secondary List of TSE. 

 

According to article 11.1. of chapter "Requirements for Issuers" of 

the TSE Rules and Regulations, the issuer's securities can be 

delisted with the respective decision of TSE Listing Committee, 

which is made based on the issuer's written application. TSE 

Listing Committee has a right to refuse to satisfy such application 

if delisting of these securities would substantially harm the 

interests of investors.

 

As of 17.05.2000 RLK had 504 shareholders. HK Ruokatalo Oyj owned 

91.43% holding in RLK, thus 503 shareholders held altogether 8.57% 

of RLK shares. 

 

After delisting its shares, RLK will not have an obligation to 

fulfill the requirements stipulated in chapter "Requirements for 

Issuers" of the TSE Rules and Regulations, thus equal and 

simultaneous access to information necessary for making investment 

decisions would not be guaranteed to all shareholders. Hence the 

interests of all shareholders would not be sufficiently protected.

 

TSE Listing Committee found that delisting of RLK shares would 

substantially harm the interests of investors. 

 

Based on this information and in accordance with article 11.1. of 

chapter "Requirements for Issuers" of the TSE Rules and 

Regulations, TSE Listing Committee decided not to satisfy RLK's 

application for delisting its shares from the Tallinn Stock 

Exchange.

 

 

TSE