TALLINN STOCK EXCHANGE

ANNOUNCEMENT

01.12.98

 

 

TSE LISTING COMMITTEE’S DECISION ABOUT AS ESS

 

TSE Listing Committee discussed on its 01.12.98 meeting AS ESS 

application to the terminate the contract based on which the 

shares of AS ESS are listed on the secondary list of Tallinn 

Stock Exchange.

 

The Listing Committee found that in a present justice 

environment, AS ESS and its major shareholders have acted in a 

way which can be considered as protective on an acceptable level 

toward the small shareholders’ interests. The Listing Committee 

decided to conditionally delist AS ESS shares, whereas the 

decision will come into force after meeting the following terms:

 

1. The majority shareholder (or shareholders) will make an at 

least 3-week period offer to small shareholders with at least 

equivalent conditions to those of an initial offer;

2. The shareholders’ structure will be disclosed as after the 

transition of a controlling share to Falck Group.

 

 

TSE