AS HANSAPANK

ANNOUNCEMENT

07.12.98

 

EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS OF AS EESTI 

KINDLUSTUS

 

 

On December 4, 1998 the Board of AS Eesti Kindlustus decided to 

convene an extraordinary shareholders' meeting to decide on the 

increase of the share capital of the company. The shareholders' 

meeting will be held on December 14, 1998 at 9:00 a.m. to 

decide on the increase of the share capital at the following 

terms and conditions:

 

1. To increase the share capital of the company by issuing new 

registered shares through a directed issue to the 

shareholders of the company as at December 4, 1998;

2. The new size of the share capital of the company will be 

EEK 

 107 280 000;

3. The par value of each new share is EEK 10;

4. The number of new shares is 7 500 000;

5. The new shares will be paid for in cash by transfer to 

Eesti Kindlustus bank account, no 1120094380, Hansabank;

6. The new shares shall be issued at their par value;

7. Each shareholder as at December 4, 1998 has the pre-emptive 

right to subscribe for new shares in proportion to the sum 

of par value of shares already owned by it;

8. The shareholders have the pre-emptive right to subscribe 

for new shares until December 28, 1998, whereas according 

to paragraph 346 of the Commercial Code the council has the 

right to decide to terminate the subscription of new shares 

before the ending date specified in the decision of the 

share capital increase, if all new shares have been 

subscribed for;

9. The subscription period of the new shares is December 14 - 

28, 1998;

10. The place of subscription is Valli 4, Tallinn;

11. The subscriber has to pay for the new shares within 3 days 

after subscription;

12. According to paragraph 345, section 1 of the Commercial 

Code, a shareholder may transfer the title of the pre-

emptive right on the same conditions as the title of the 

shares.

 

 

Additional information:

 

Mart Einpalu

AS Eesti Kindlustus

Chairman of the Board

Phone: +372 6207 800

 

 

 

HANSABANK Ltd.

 

 

 

Mart Toevere

Analyst

Tel. +372 6131 569