AS PENNU COMPUTER TECHNOLOGY GROUP

ANNOUNCEMENT

29.10.99

 

 

PUBLIC ISSUE OF AS PENNU COMPUTER TECHNOLOGY GROUP ORDINARY SHARES

 

On 28.10.1999 the Securities Inspectorate of the Republic of Estonia 

registered the public issue of 400 000 ordinary shares of AS PCTG.

In the course of the issue, AS PCTG will issue 400 000 ordinary shares 

at nominal value of EEK 10. 

100 000 shares to be issued will be directed to the owners of OÜ XXL 

Internetivärav for purchase of 100% capital stock in OÜ XXL 

Internetivärav. The issue directed to the owners of OÜ XXL 

Internetivärav will be paid for in non-monetary form. AS PCTG 

shareholders are granted pre-emptive right for subscription of 

300 000 shares.

 

The shares are to be sold at EEK 20.

The initial offering of the shares will take place from 12.11.1999 to 

25.11.1999 through the Estonian Central Depository for Securities. 

The issue will be organized by Balti Cresco Investeerimisgrupi AS.

The subscription rights holders have pre-emptive right for subscription 

of shares to be issued. The list of shareholders with pre-emptive right 

to subscribe for AS PCTG shares will be fixed on 12.11.1999 at 8:00 a.m.

 On 12.11.1999 AS PCTG will issue to AS PCTG shareholders one subscription 

right per share held. One subscription right entitles the shareholder to 

subscribe for 0.1875 PCTG shares. The subscription rights are freely 

disposable.

 

During the period of initial offering, the issue prospectus is available 

at the bank offices, which accept purchase offerings for shares. The 

issue prospectus is also available at the issuer's Internet homepage at 

<a href='http://group.xxl.ee/prospekt/99/,' target='_blank'>http://group.xxl.ee/prospekt/99/,</a> or at the issuer's headquarters at 

Tartu Rd. 87D, Tallinn, or at the offices of the issue organizer at Tartu 

Rd. 14, Tallinn.

 

 

Arho Anttila

Chief Executive

AS Pennu Computer Technology Group

Telefon: +372 650 5402

arho@pct.ee