Pēd. atjaunots: 05.07.2024 18:07 (GMT+3)
XXL.EE
ANNOUNCEMENT
SIGNING OF PRELIMINARY AGREEMENT
On April 14 Scandinavian Baltic Development Limited and CC Computers OÜ
(XXL.EE core investor) made a preliminary agreement, pursuant to which a
proposal will be made to the annual general meeting of AS XXL.EE shareholders
to increase the company's share capital through directed issue of 1,000,000
shares at issue price of EEK 34, whereas 897,060 shares to be issued will be
directed to the European Bank of Reconstruction and Development (EBRD) and
102,940 to AS Cresco Ventures.
Scandinavian Baltic Development Limited is the fund manager for EBRD's Baltic
Post Privatisation Fund.
The agreement will come to force after the annual general meeting of AS
XXL.EE shareholders has agreed to issue shares, and it is approved by Baltic
Post Privatisation Fund's investment committee.
If necessary, XXL.EE will submit an application to the stock exchange listing
committee to make an exception to the provisions of article 6.4.4 of chapter
"Requirements to Issuers" of Tallinn Stock Exchange Rules and Regulations,
whereby XXL.EE is obligated to guarantee that the sale price of directly
issued shares does not differ substantially from the market price of the
shares.
Arho Anttila arho@xxl.ee
CEO
+372 6 507 500