TALLINN STOCK EXCHANGE 

ANNOUNCEMENT

 

CHANGES IN TSE COMMITTEES 

 

The Supervisory Board of Tallinn Stock Exchange approved on January 

17 the following changes in TSE's committees: 

 

1. The Board recalled the member of the Surveillance Committee, 

Andres Kurgpõld, based on his application due to his election to 

the Board of Financial Inspectorate. 

 

2. The Board recalled the member of the Listing Committee, Toomas 

Luman, based on his application. 

 

3. The Board nominated the following members to the Takeover 

Committee: Erkki Raasuke (Hansabank), Gert Tiivas (Tallinn Stock 

Exchange) and Annely Ahse (Tallinn Stock Exchange). 

 

According to the Securities Market Act, which came into force from 

2002, the Takeover Committee has five members, out of which 3 are 

nominated by the Exchange and 2 by the Financial Inspectorate. The 

new Committee will work until September 1, 2002, upon which time 

the responsibility for supervising takeovers will shift to the 

Financial Inspectorate. 

 

TSE