On 13 April 2021, the majority shareholders of AS Tallinna Vesi - City of
Tallinn and OÜ Utilitas hereinafter jointly referred to as the Offerors) -
notified of the mandatory takeover offer for the acquisition of all A-shares in
AS Tallinna Vesi, which are not owned by the Offerors, for a purchase price of
14.20 euros (fourteen euros and twenty eurocents) per share (?Purchase Price")
on the terms and conditions set out in the takeover offer. At the moment of
publishing this notice, the City of Tallinn holds 10,469,565 A-shares (i.e.
approximately 52.35% of the A-shares) in AS Tallinna Vesi and OÜ Utilitas holds
3,530,435 A-shares (i.e. approximately 17.65% of the A-shares) in AS Tallinna
Vesi.
The time allowed for the acceptance of an offer shall start on 13/04/2021 at
10:00 and shall end on 17/05/2021 at 15:00, Estonian time (Eastern European
Summer Time) - (?Acceptance Period").
The shareholders willing to accept the takeover offer, shall forward their
transaction order to their securities account administrator no later than
17/05/2021, by the time to be specified by their securities account
administrator, so that it allows the securities account administrator to
register the transaction orders in Nasdaq CSD SE, with the registrar of the
Estonian Register of Securities, no later than 17/05/2021 at 15:00 Estonian time
(Eastern European Summer Time). The payment of purchase price shall be in cash
and the shares shall be transferred to the Offerors on 25/05/2021.
The specific conditions of the takeover offer are set out in the prospectus and
notice of the takeover offer
(https://view.news.eu.nasdaq.com/view?id=b80b9b4e3d2952dc7ad90478f6c76749e&lang=
en).
Laura Korjus
AS Tallinna Vesi
Head of Communications
(+372) 62 62 271
laura.korjus@tvesi.ee
|