AS HANSAPANK

ANNOUNCEMENT

27.11.98

 

 

PROPOSAL TO THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

 

Hansabank's board has decided to make the following proposal to 

the extraordinary general meeting of shareholders under the 

first point on the agenda (increase of the share capital):

To increase the share capital by 52,199,840 (fifty two million 

one hundred and ninety nine thousand eight hundred and forty) 

EEK through the issuance of 5,219,984 (five million two hundred 

and nineteen thousand nine hundred and eighty four) new 

registered common shares – class B with the par value of 10 

(ten) EEK. The issue of the new shares shall be directed to the 

European Bank for Reconstruction and Development (“EBRD”)

 

The issue price of a share shall be 53.64 EEK (fifty three EEK 

and sixty four sents), thus including a premium of 43.64 EEK 

(forty three EEK and sixty four sents). The new amount of the 

share capital shall be 787,644,340 (seven hundred and eighty 

seven million six hundred and forty four thousand three hundred 

and forty) EEK.

 

To waive the pre-emptive right of shareholders to subscribe for 

shares issued pursuant to this resolution.

The subscription period shall be from 16 December through 17 

December 1998.

The subscription shall be made at the registered address of AS 

Hansapank, Liivalaia 8, Tallinn.

The new shares shall be fully paid upon subscription by cash 

transfer to account no. 227000000016 with Hansapank.

The new shares shall entitle EBRD to dividends for the 

financial year of 1998 and onwards.

To authorise the Board of Directors to extend the subscription 

period by 15 (fifteen) days from the end of the subscription 

period.

 

 

HANSABANK Ltd.

 

 

 

Mart Toevere

Analyst

Tel. +372 6131 569