AS PENNU COMPUTER TECHNOLOGY GROUP

ANNOUNCEMENT

25.08.1999

 

EXTRAORDINARY MEETING OF SHAREHOLDERS

 

In accordance with the resolution of the Supervisory Board, Pennu 

Computer Technology Group AS (located at Järvevana Rd. 9, Tallinn) will 

hereby convene the extraordinary meeting of shareholders. The EGM will 

be held at 14:00 on 06.09.1999 at Järvevana Rd. 9, Tallinn. 

Registration of meeting attendants will take place from 13.00-14.00. 

The attendants should bring identification documents and/or proxies. 

The meeting agenda includes the following:

- cancellation of resolution No. 5 of the 23.08.1999 extraordinary 

meeting of Pennu Computer Technology Group AS shareholders; adoption of 

the resolution with the following wording:

 

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 

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

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

nominal value of 40 000 EEK). 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.

 

Amendment of resolution No. 5 of the 23.08.1999 extraordinary meeting 

of Pennu Computer Technology Group AS shareholders is necessary in 

order to conform it with the provisions of the Securities Market Act, 

the Order of Registration and Announcement of the Public Issue of 

Securities, and Rules and Regulations of the Tallinn Stock Exchange. 

The terms for the issue shall be provided in the public announcement of 

the issue.

 

 

 

Arho Anttila

AS Pennu Computer Technology

Tel: + 372 650 5402

arho@pct.ee