Andmed seisuga: 02.07.2024 14:07 (GMT+3)

Eesti Ühispank: Commentary to 27.05.99 article of Äripäev

28.05.1999, Eesti Ühispank, TLN
EESTI ÜHISPANK 
ANNOUNCEMENT
28.05.1999

COMMENTARY TO 27.05.99 ARTICLE OF "ÄRIPÄEV"
"IFC WILL NOT WAIVE ITS OPTION ON ÜHISPANK SHARES"

On 29.01.1999, AS Eesti Ühispank and International Finance Corporation
(IFC) concluded loan contract for EEK 259 million, and option contract,
according to which IFC is entitled to subscribe for up to 7 million
shares of AS Eesti Ühispank. AS Eesti Ühispank and IFC agreed that in
case IFC chooses to realize the respective option, the aforementioned
loan contract will be ended.

On 26.11.1998, the extraordinary general meeting of AS Eesti Ühispank
shareholders decided to issue 7 million shares to IFC.

Pursuant to §343 section 4 of the Commercial Code, the Management Board
is obligated to submit an application to register the increase of share
capital in the Commercial Regicter within 6 months after the respective
resolution is made.
Duration of the option period as settled in the option contract, proceeds
from the respective provision of the Commercial Code. IFC did not inform
the counterparty about its decision to realize the option, hence AS Eesti
Ühispank did not register and announce the issue of 7 million shares.

As of today, the option contract is ended. AS Eesti Ühispank and IFC
have not discussed concluding of new option contract.

Additional information:

Margus Schults
Asepresident
Tel.: +372 6656 600

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