AS PENNU COMPUTER TECHNOLOGY GROUP

ANNOUNCEMENT

05.08.1999

 

EXTRAORDINARY GENERAL MEETING OF AS PENNU COMPUTER TECHNOLOGY GROUP 

SHAREHOLDERS

 

The Management Board of AS Pennu Computer Technology Group (PCTG) 

shall 

convene the extraordinary general meeting of shareholders on 

23.08.99, 

beginning at 14:00, at location of Pennu Computer Technology Group 

(Järvevana Rd. 9, Tallinn 11314):

 

Agenda of the EGM:

1. Review of PCTG unaudited financial results of the second half of 

1998-1999 financial year 

2. Review of PCTG new business strategies

3. Amendments to the Articles of Association

 

2.1. Draft resolution: The Supervisory Board of AS PCTG shall make 

a 

proposal to the shareholders to make the following changes to the 

Articles of Association: 1998/1999 financial year shall end on 

31.12.1999; henceforth the financial year of AS PCTG shall last 

from 

01.01 until 31.12.

 

The Supervisory Board of AS PCTG shall make a proposal to the 

shareholders to make the following changes to the Articles of 

Association: The new business name of AS Pennu Computer Technology 

Group shall be AS XXL.EE.

 

2.2. Draft resolution: The Supervisory Board of AS PCTG shall make 

a 

proposal to the shareholders:

- To increase the share capital of AS PCTG by 4 million EEK via 

issuance of 400 000 new shares at 10 EEK par value and 10 EEK 

premium; 

- For acquisition of holding in OÜ Internetivärav XXL, to direct 

100% 

of the issue of 100 000 new shares to the owners of OÜ 

Internetivärav XXL, who will pay for the shares to be issued via 

non-monetary payments;

- the current shareholders of AS PCTG shall be granted the purchase 

right for 300 000 shares;

- Subscription and payment for the shares shall take place from 

25.8.1999 until 8.9.1999. Payment for shares shall take place in 

monetary form for 300 000 shares to be issued, and non-monetary 

form 

for 100 000 shares to be issued directly to the owners of OÜ 

Internetivärav XXL. Subscription and payment for the shares shall 

take place concurrently. 

 

The representatives of legal persons shall present a document 

certifying the representation right or Commercial Register’s 

B-card. 

Representative of a private person shareholder shall present a 

written 

power of attorney, identifying the scope of powers granted to this 

person. The shareholders and representatives also need to bring 

identification documents.

 

Registration of the EGM participants shall begin 1 hour before the 

beginning of the meeting at the location of the meeting.

 

 

 

Arho Anttila

AS Pennu Computer Technology

Telefon: + 372 650 5402

arho@pct.ee