AS PENNU COMPUTER TECHNOLOGY GROUP 

ANNOUNCEMENT

06.09.99

 

RESOLUTION OF THE EXTRAORDINARY MEETING OF SHAREHOLDERS: INCREASE OF 

SHARE CAPITAL

 

AS Pennu Computer Technology Group hereby announces that the 06.09.1999 

extraordinary general meeting of shareholders resolved the following:

 

To grant the purchase right for 300 000 shares to the current 

shareholders of AS PCTG. Payment for shares shall take place in 

monetary form for 300 000 shares to be issued, and in non-monetary form 

(100% of stock capital of OÜ XXL Internetivärav at nominal value of 

40 000 EEK) for 100 000 shares to be issued directly to the owners of OÜ 

Internetivärav XXL. Subscription and payment for the shares 

shall take place concurrently. Payment for the shares subscribed for 

shall take place through the account operators of the Estonian Central 

Depository for Securities. The period for subscription and payment for 

shares and exercising of pre-emptive rights is 2 (two) weeks, whereas 

the period for subscription and payment for shares and exercising of 

pre-emptive rights shall begin 2 (two) weeks after public announcement 

of the issue. 

 

The issue shall be announced immediately after the company has received 

the registration certificate from the Securities Inspectorate. 

The pre-emptive right for 300 000 shares of PCTG can be exercised by 

all persons entered to the PCTG shareholders list at the 

Estonian Central Depository for Securities as of 8:00 a.m. on the 

beginning date of the period for subscription and payment for shares 

and exercising of pre-emptive rights.

 

 

Arho Kalevi Anttila

AS PCT Group

+372 6053 760

arho@pst.ee