The supervisory board of AS Ekspress Grupp has in accordance with clause 5.9 of
the articles of association and the resolutions of the general meeting of
shareholders from 04.03.2024
(https://view.news.eu.nasdaq.com/view?id=bd6b357a4bb612ad11452f6b3408b9c58&lang=
en) decided to increase the share capital of the company by 97,500.60 euros from
EUR 18,478,104.60 to EUR 18,575,605.20, by issuing 162,501 new common shares
with the nominal value of EUR 0.6 per share.
The increase of the share capital and issue of new shares will be carried out
for the realisation of the option programme approved by the general meeting of
shareholders from 29.09.2020. In accordance with point 1 of the shareholders'
decision from 04.03.2024, the exercise of the options and issuance of the shares
shall be performed both by transferring Ekspress Grupp's own shares to the
option holder and by an increasing of the share capital of Ekspress Grupp and
issuing of new shares. The amount of shares to be issued, i.e. 162,501 shares,
corresponds to the number of shares required for the realisation of the option
programme. Therefore, no further shares will be issued by AS Ekspress Grupp in
relation to that programme.
The increase of the share capital and issue of new shares is directed to the
option holders of the option programme, approved on 29.09.2020. Option holders
will acquire shares for a price equal to their nominal value 0.6 Euros per share
in accordance with the option program and shareholders' decision from
04.03.2024.
The preferential right of existing shareholders to subscribe for new shares has
been excluded by the resolutions of the general meeting of shareholders from
04.03.2024. The shares to be issued in connection with the share capital
increase will grant a right to dividends as of the registration of the share
capital increase in the Commercial Register.
Option holders will pay for the new shares by a monetary payment of EUR
97,500.60 in aggregate, i.e. 0.6 euros per share. A share premium will not be
applied. Option holders will pay the subscription price by 07.05.2024 at the
latest.
Mari-Liis Rüütsalu
Chairman of the Management Board
+372 512 2591
mariliis.ryytsalu@egrupp.ee (mailto:mariliis.ryytsalu@egrupp.ee)
AS Ekspress Grupp is the leading Baltic media group whose key activities include
web media content production as well as publishing of newspapers, magazines and
books. The Group also operates an electronic ticket sales platform and ticket
offices and provides an outdoor screen service in Estonia and Latvia. Ekspress
Grupp launched its operations in 1989 and it employs almost 1100 people.
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