Last update: 08.07.2024 06:04 (GMT+3)

TSE: Exception to mandatory public take-over bid requirement to shareholders of Optiva Pank

08.12.2000, Sampo Pank, TLN
TALLINN STOCK EXCHANGE
ANNOUNCEMENT

EXCEPTION TO MANDATORY PUBLIC TAKE-OVER BID REQUIREMENT

On 07.12.2000 Tallinn Stock Exchange (TSE) Take-over Committee
reviewed the application of Sampo Insurance Company Plc for
exception to mandatory public take-over bid requirement. The
aforementioned application was submitted by Sampo Insurance Company
Plc to TSE on 29.11.2000.

Based on the information presented in the application, the
Take-over Committee found that Sampo Insurance Company Plc gained
controlling interest in the target company in terms of Commercial
Code §6 from a business enterprise that belongs to the same concern
with Sampo Insurance Company Plc. On the basis of this information
the Take-over Committee decided to make an exception to mandatory
public take-over bid requirement to Sampo Insurance Company Plc
with regard to all outstanding shares of Optiva Pank.


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