TALLINN STOCK EXCHANGE

ANNOUNCEMENT

 

EXCEPTION TO MANDATORY TAKE-OVER BID REQUIREMENT TO SHAREHOLDERS OF 

AS VIISNURK

 

Tallinn Stock Exchange (TSE) Take-over Committee reviewed the application 

of Baltic Republics Fund for exception to mandatory public take-over bid 

requirement. The aforementioned application was submitted by Baltic Republics 

Fund to TSE on 19.11.2001.

 

Based on the information presented in the application, the Take-over 

Committee found that Baltic Republics Fund is willing to gain controlling 

interest in the target company in terms of Commercial Code §6 from a business 

enterprise that belongs to the same concern with Baltic Republics Fund. 

On the basis of this information the Take-over Committee decided on 27.11.2001 

to make an exception to mandatory public take-over bid requirement to Baltic 

Republics Fund with regard to all outstanding shares of AS Viisnurk.

 

 

TSE