Tallinna Börs                 NEWS RELEASE                      09/25/2002



LISTING COMMITTEE’S DECISION ABOUT KLEMENTI



TSE Listing Committee discussed on its 24.09.2002 meeting the possible 

violation of the provisions of the TSE Rules and Regulations by AS Klementi.

 

On 31.07.2002 the extraordinary general meeting of AS Klementi resolved to 

increase the share capital by issuing 440 625 new A-shares at the price of 

EEK 11.48. Subscription period started on 12.08.2002 and ended on 30.08.2002.



The application for listing new share issue and listing prospectus were 

submitted to the Exchange on 13.08.2002.

 

Pursuant to article 4.8.1 of section "Listing Requirements" of the TSE Rules 

and Regulations, all similar shares of the Issuer must be listed on the 

Exchange, whereas the application for listing the shares must be submitted 

to the Exchange not later than 9 stock exchange days prior to the beginning 

date of the subscription period of the shares.

 

The TSE Listing Committee found that the present situation can be treated 

as a violation of section "Listing Requirements" of the TSE Rules and 

Regulations, and thus decided to issue a warning to AS Klementi.





Tallinn Stock Exchange

+372 640 8800

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