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.

 

 

TSE