ANNOUNCEMENT

 

SAMPO FINANCE LTD. TAKE-OVER BID TO SHAREHOLDERS OF AS OPTIVA PANK

 

Sampo Finance Ltd. (Finanssi-Sampo Oy, registry code: 373.377; 

address: Aleksanterikatu 11, Helsinki, Finland) hereby announces 

the offering for purchase of shares of Optiva Pank (registry code: 

10040839, address: Narva St. 11, Tallinn 10151), held by minority 

shareholders of Optiva Pank, under the following terms and 

conditions:

· the current offering is valid for all issued and outstanding 

shares of Optiva Pank, which are held by minority shareholders of 

Optiva Pank (altogether 7,776,895 shares, accounting for 18.9% of 

Optiva Pank share capital)

· price of the offering is EEK 7.80 per share

· the offering is valid from 24.07.2000 until 25.08.2000 

· value date is 29.08.2000

· Sampo Finance will compensate the transaction fees to 

shareholders who own less than 50 shares of Optiva Pank. A 

shareholder must register the transaction order for sale of shares 

at his account operator bank in order to conclude a transaction. 

The transaction order must be submitted not later than on 

25.08.2000 at 17:00. 

On the value date the proceeds from sale of shares will be 

transferred to the shareholder's cash account connected with his 

securities account.

The take-over offering prospectus in Estonian language is available 

at Sampo Eesti Kindlustus head office (address Pronksi 19, 

Tallinn).

The current take-over offering is made in accordance with Tallinn 

Stock Exchange Rules for Take-over Bids, and harmonized with the 

Tallinn Stock Exchange Take-over Committee on 21.07.2000. 

Sampo Finance intends to apply for delisting of Optiva Pank shares 

from Tallinn Stock Exchange after the end of the take-over 

offering.

The takeover offering is managed by Hansabank Markets.

 

 

Hansabank Markets

Helen Poolake

Tel. +372 61 33 515