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Ettevõte AS Ekspress Grupp
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Kategooria Muud korporatiivtoimingud
Avaldamise aeg 11 märts 2019 09:00:00 +0200
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Pealkiri AS Ekspress Grupp acquires Linna Ekraanid OÜ
8th March  2019 AS  Ekspress  Grupp  acquired  100% holding in the company Linna
Ekraanid  OÜ, which  is engaged  in the  sale of  digital outdoor advertising in
Estonia. So far, AS Ekpress Grupp owned 50% of the company.

July  2016 group acquired  50% stake of  OÜ Linna  Ekraanid. The  purpose of the
acquisition  was to create preconditions for AS  Ekspress Grupp to set off a new
business  line and  thereby enlarge  the group's  business areas  portfolio. The
group   is   continiously  focusing  long-term  on  developing  digital  outdoor
advertising  business  line  and  take  the  leading  role in the named business
market.  Accoring  to  the  agreement  signed  in  2016, Ekspress  Grupp  had an
obligation to acquire remaining 50% shares of the company in 2019.

The  transaction is not to be treated as a significant transfer for the purposes
of  the "Requirements  for Issuers"  section of  the NASDAQ Tallinn Stock Market
rules. AS Ekspress Grupp confirms that neither OÜ Linna Ekraanid nor AS Ekspress
Grupp's management board and supervisory board members are in any way personally
interested in the transaction. The parties have agreed not to disclose the price
or other conditions of the transaction.  Acquisition is financed with a loan.

OÜ  Linna  Ekraanid  is  a  fast-growing  outdoor  media company that builds and
operates digital outdoor screens. The company started installing digital screens
since 2010. Currently Linna Ekraanid has 29 digtal screens across Estonia.

Signe Kukin
Group CFO
AS Ekspress Grupp
Phone: +372 669 8381
E-mail: signe.kukin@egrupp.ee (mailto:signe.kukin@egrupp.ee)

AS  Ekspress Grupp  is the  leading media  group in  the Baltic States whose key
activities  include web media  content production, publishing  of newspapers and
magazines  and provision of printing services  in Estonia, Latvia and Lithuania.
Ekspress  Grupp that launched  its operations in  1989 employs 1700 people, owns
leading  web media portals in  the Baltic States and  publishes the most popular
daily  and  weekly  newspapers  as  well  as  the  majority  of the most popular
magazines in Estonia.