The general meeting of shareholders of EfTEN Real Estate Fund III AS (registry
code 12864036, address A. Lauteri 5, 10114 Tallinn) adopted a resolution on
April 15, 2021 to increase the share capital of EfTEN Real Estate Fund III AS by
issuing up to 850,000 new ordinary shares of the fund. The subscription period
for EfTEN Real Estate Fund III AS shares started on May 14, 2021 and ended on
May 31, 2021. In total 4,564 investors, including 2,332 existing shareholders
of the fund, participated in the offering.
Today the Supervisory Board of EfTEN Real Estate Fund III AS decided the
distribution of the subscribed shares to the investors. First of
all, 726,864 new shares were distributed to the existing shareholders, in
accordance with the pre-emptive subscription rights specified in the prospectus.
For the remaining 123,136 shares, the subscription order limit was set
at 698 shares, and to all investors were allocated shares according to their
subscription proportion of the adjusted subscription volume after the
preferential allocation. Rounding to the nearest whole number was used to
determine the exact number of shares. In the part exceeding the offer,
2,217,897 oversubscribed shares were annulled.
Viljar Arakas
Member of the management board
Phone 655 9515
E-mail: viljar.arakas@eften.ee
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