LEKS KINDLUSTUS

ANNOUNCEMENT

01.04.99

 

SALE OF SHAREHOLDING IN LEKS ELUKINDLUSTUSE AS

 

On its 31.03.1999, the Supervisory Board of Leks Kindlustuse AS 

decided to give its consent on principles to sell the 

shareholding in Leks Elukindlustuse AS to Ühispanga 

Elukindlustuse AS. 

Ühispanga Elukindlustuse AS has made to Leks Kindlustuse AS a 

purchase offer for 2 000 000 shares in Leks Elukindlustuse AS 

(nominal value 10.- EEK). In accordance with the purchase offer 

and the respective contract prepared, the agreed sales price is 

24 000 000 EEK.

Since the aforementioned transaction to be concluded can be 

treated as transaction with related party, then according to § 

6.10 of the TSE Rules and Regulations, the transaction must be 

approved by the general meeting of Leks Kindlustuse AS 

shareholders, which will be convened on 28.04.1999. 

The shares of Leks Elukindlustus will be sold to Ühispanga 

Elukindlustus in order to create intra-group synergy, which 

allows to replace competition between the companies with cross-

sales and support.

Ühispanga Elukindlustuse AS is 100% owned by AS Eesti Ühispank.

AS Eesti Ühispank holds 44.7% shareholding in Leks Kindlustuse 

AS.

 

Pille Kaselo

Public Relations Manager

Tel. +372 626 7210

 

 

Ivo Viires

Legal director

Leks Kindlustuse AS 

Tel. +372 626 7270