TALLINN STOCK EXCHANGE

ANNOUNCEMENT

 

EXCEPTION TO MANDATORY TAKE-OVER BID REQUIREMENT TO SHAREHOLDERS OF 

TALLINNA KAUBAMAJA

 

On 07.09.2001 Tallinn Stock Exchange (TSE) Take-over Committee reviewed 

the application of AS NG Investeeringud for exception to mandatory 

public take-over bid requirement. The aforementioned application was 

submitted by AS NG Investeeringud to TSE on 05.09.2001.

 

Based on the information presented in the application, the Take-over 

Committee found that AS NG Investeeringud gained controlling interest 

in the target company in terms of Commercial Code §6 from a business 

enterprise that belongs to the same concern with AS NG Investeeringud. 

On the basis of this information the Take-over Committee decided to 

make an exception to mandatory public take-over bid requirement to AS 

NG Investeeringud with regard to all outstanding shares of Tallinna 

Kaubamaja AS.

 

 

TSE