ASA KINDLUSTUS AS

ANNOUNCEMENT

25.11.98

 

 

AB KINDLUSTUSE GRUPP SELLS ALL THE ASA KINDLUSTUS SHARES IN ITS 

OWNERSHIP TO A FOREIGN INVESTOR

 

AB Kindlustuse Grupp sells 50.6% of the shares of ASA 

Kindlustus, or all the shares in its ownership, to an 

international investment company listed on the free market of 

the London Stock Exchange, which is represented by British 

investment company First Western Limited.

 

According to the preliminary agreements, a future majority 

shareholder does not intend to make changes in the future 

strategies of ASA Kindlustus as a public company. A concrete 

development strategy should be discussed at the end of 

December, when an extraordinary general meeting of ASA 

Kindlustus shareholders is planned to be convened. One other 

issue which is planned to be discussed on the general meeting 

is the increase of the share capital via the issuance of new 

shares.

 

 

 

Nadja Tarmak

AB Kindlustuse Grupp

Manager of the Financial Division

Tel. +372 644 0542