Market announcement
Järvevana
Category
Other price sensitive information
Date
15.04.2008 15:04:44
Title
AS Merko Ehitus ettevõtte restruktureerimiskava
Message
14.03.2008 teatas AS Merko Ehitus juhatuse ja nõukogu otsusest restruktureerida ettevõte ja eraldada majandustegevus ja maadevahetuse kriminaalasi. Restruktureerimise eesmärk on tagada ettevõtte jätkusuutlik areng ning kaitsta aktsionäride ja töötajate huve pikaleveninud maadevahetuse kriminaalasja tingimustes. Käesolevaga esitab AS Merko Ehitus juhtkond restruktureerimiskavast üksikasjalikuma ülevaate. Kavas on AS Merko Ehitus jagada selliselt, et AS Merko Ehitus ettevõte, s.t kõik varad, kohustused ja lepingud, sh osalused teistes äriühingutes, samuti ärinimi “Merko Ehitus” eraldatakse, v.a 300 miljoni krooni ulatuses likviidseid varasid ning maadevahetuse kriminaalasjaga seotud võimalikud kohustused ja antakse üle asutatavale äriühingule (edaspidi „Uus Merko“), mis hakkab tegutsema Merko Ehituse ärinime all. Iga AS Merko Ehitus aktsionär saab jagunemise tulemusel ühe AS Merko Ehitus aktsia kohta ühe Uus Merko aktsia ning säilitab samuti osaluse AS-s Merko Ehitus. Uus Merko taotleb oma aktsiate noteerimist Tallinna Börsil nii kiiresti kui võimalik pärast jagunemise toimumist. Uus Merko juhatuse liikmeteks saavad Tõnu Toomik, Veljo Viitmann, Alar Lagus, Andres Agukas ja Tõnu Korts ning nõukogu liikmeteks Teet Roopalu ja Jaan Mäe. Senise AS Merko Ehitus juhatuse ainsaks liikmeks saab jagunemise järgselt Toomas Annus, nõukogu liikmetena jätkavad Teet Roopalu ja Jaan Mäe ning ühing lõpetab Merko Ehituse nime kasutamise. Uus Merko kolmas nõukogu liige nimetatakse jagunemiskavas ja senise AS Merko Ehitus kolmas nõukogu liige valitakse aktsionäride üldkoosolekul. Ümbernimetatava AS Merko Ehitus aktsiad jäävad samuti Tallinna Börsil kaubeldavaks. Jagunemine on äriseadustikus ette nähtud protseduur, mille ühe versiooni kohaselt annab üks äriühing (jagunev ühing) osa oma varast üle uuele asutatavale äriühingule (omandav ühing) ning jaguneva ühingu aktsionärid saavad osaluse omandavas ühingus. Jagunemiseks ülalkirjeldatud viisil koostab AS Merko Ehitus juhatus jagunemiskava, mis tuleb notariaalselt tõestada. Jagunemiskavas nähakse ette jagunemise üksikasjad, sh Uus Merko aktsiakapitali suurus, juhatuse ja nõukogu liikmed, AS Merko Ehitus aktsionäridele üleantavate Uus Merko aktsiate jaotus ja asendussuhe, aktsiate üleandmise tingimused, õigused, mis Uus Merko annab AS Merko Ehitus aktsionäridele, Uus Merkole üleantava vara nimekiri ja vara hulka kuuluvate kohustuste jaotus jagunemisel osalevate ühingute vahel, jagunemise tagajärjed töötajatele ning jagunemisel osalevate ühingute juhatuse ja nõukogu liikmetele antavad soodustused (kava põhitingimusi on kirjeldatud eespool). Jagunemise käigus lähevad üle kõigi AS Merko Ehitus töötajate töölepingud ja säilivad senised töötingimused. Kõik klientide ees võetud kohustused kanduvad jagunemisel üle Uus Merkole, mis jätkab ehitusteenuste osutamist. Lisaks koostab AS Merko Ehitus juhatus jagunemisaruande, milles selgitatakse ja põhjendatakse õiguslikult ja majanduslikult jagunemist ja jagunemislepingut, samuti aktsiate asendussuhet. Jagunemiskava kontrollib audiitor ning koostab selle kohta kirjaliku aruande. AS Merko Ehitus kavatseb taotleda erandit Tallinna Börsi reglemendis sätestatud jagunemisprospekti nõudest kuivõrd Uus Merko aktsiate noteerimiseks koostatakse noteerimisprospekt (vt allpool). Jagunemiskava jõustub selle heakskiitmisel AS Merko Ehitus aktsionäride üldkoosoleku poolt. Otsuse vastuvõtmiseks peab poolt olema vähemalt 2/3 üldkoosolekul esindatud häältest. Üks kuu enne üldkoosolekut tehakse kõigile aktsionäridele kättesaadavaks jagunemiskava, jagunemisaruanne, audiitori aruanne ning AS Merko Ehitus viimase 3 majandusaasta aruanded ja tegevusaruanded. Üldkoosolekul selgitab AS Merko Ehitus juhatus jagunemise õiguslikke ja majanduslikke tagajärgi. Jagunemine jõuab lõpule vastavate kannete tegemisega äriregistris. Avalduse kande tegemiseks võib esitada ühe kuu möödumisel jagunemisotsuse vastuvõtmisest. Esmalt tehakse kanne Uus Merko asutamise kohta ning seejärel AS Merko Ehitus jagunemise kohta. Viimase kande tegemisel läheb AS Merko Ehitus eraldatud vara vastavalt jagunemiskavas ettenähtud jaotusele üle Uus Merkole ning AS Merko Ehitus aktsionärid eelnevalt avalikustatud päeva seisuga saavad vastavalt jagunemiskavale Uus Merko aktsionärideks. Uus Merko aktsiate noteerimiseks Tallinna Börsil koostatakse noteerimisprospekt. Prospekti registreerib Finantsinspektsioon ning noteerimise kohta langetab otsuse Tallinna Börsi noteerimis- ja järelevalvekomisjon. Registreerimis- ja noteerimistaotlused saab esitada alles pärast jagunemise lõpuleviimist. Finantsinspektsioonil on noteerimisprospekti registreerimiseks aega 10 tööpäeva. Tallinna Börsi noteerimis- ja järelevalvekomisjonil on noteerimisotsuse langetamiseks aega kuni 3 kuud. Noteerimisprospekt avalikustatakse Tallinna Börsi veebilehel 2 börsipäeva enne kauplemise algust. AS Merko Ehitus soovib noteerimisprospekti Finantsinspektsiooni ja Tallinna Börsiga eelnevalt sisuliselt kooskõlastada ning varasemale turupraktikale tuginedes eeldab, et Uus Merko aktsiate noteerimine otsustatakse umbes ühe nädala jooksul jagunemise lõpuleviimisest. Vastavalt restruktureerimiskavale toimub jagunemiskava allkirjastamine ning jagunemisaruande ja audiitori aruande koostamine käesoleva aasta aprilli lõpus. Jagunemiskava esitatakse heakskiitmiseks AS Merko Ehitus korralisele üldkoosolekule, mis toimub eeldatavalt 3. juunil 2008. Heakskiitmise järel jõustub jagunemine eeldatavalt 21. juuliga algaval nädalal ning kavade kohaselt algab Uus Merko aktsiatega kauplemine Tallinna Börsil hiljemalt 4. augustiga algaval nädalal. AS-i Merko Ehitus nõustab jagunemisel investeerimispank GILD Bankers koos advokaadibürooga Tark & Co. Täiendav informatsioon: Tõnu Toomik Juhatuse esimees 6 805 105 merko@merko.ee Alar Lagus Juhatuse liige 6 805 109 merko@merko.ee
Title
Restructuring plan for AS Merko Ehitus
Message
On 14 March 2008, AS Merko Ehitus gave a notice of their management and supervisory board decision to restructure the company and separate the business and criminal proceedings initiated in the land swap case. The aim of the restructuring is to ensure sustainable development of the company and protect the interests of shareholders and employees in the drawn-out criminal proceedings in the land swap case. The management of AS Merko Ehitus hereby gives a detailed overview of the restructuring plan. AS Merko Ehitus is planned to be divided, such that AS Merko Ehitus business, i.e. all assets, liabilities and contracts, including shareholdings in other companies, as well as the trade name of “Merko Ehitus” will be separated, except for the liquid assets to the amount of EEK 300 million, and contingent liabilities related to the criminal proceedings in the land swap case, and will be transferred to a new company to be founded (hereinafter the “New Merko”), which will be operating under the business name of Merko Ehitus. As a result of the division, the shareholders of AS Merko Ehitus will receive one share in the New Merko per share in AS Merko Ehitus and retain their shareholding also in AS Merko Ehitus. The New Merko will apply for listing its shares on the Tallinn Stock Exchange as soon as the division has been completed. The management board of the New Merko will consist of Tõnu Toomik, Veljo Viitmann, Alar Lagus, Andres Agukas and Tõnu Korts and the supervisory board of Teet Roopalu and Jaan Mäe. Following the division, Toomas Annus will continue as the sole management board member with Teet Roopalu and Jaan Mäe as the members of the supervisory board of the current AS Merko Ehitus. The current AS Merko Ehitus will discontinue operating under the business name of Merko Ehitus. The third supervisory board member of the New Merko will be named in the division plan and the third supervisory board member of the current AS Merko Ehitus will be elected at the general meeting of shareholders. The shares of the current AS Merko Ehitus will also remain listed on the Tallinn Stock Exchange. Division is a procedure described by the Commercial Code, where one company company being divided) transfers a portion of its assets to a new company to be founded (acquiring company) and the shareholders of the company being divided will acquire a shareholding in the acquiring company. To carry out division in the manner described above, AS Merko Ehitus will draw up a division plan, which is to be attested by a notary. The division plan provides for the details of the division, including the amount of share capital of the New Merko, members of the management and supervisory board, the division and exchange rate of the New Merko shares to be assigned to the shareholders of AS Merko Ehitus, terms and conditions of the share assignment, rights to be vested by the New Merko in the shareholders of AS Merko Ehitus, the list of assets to be transferred to the New Merko along with the division of the liabilities comprised in the assets between the parties to the division, the benefits to be granted to the employees and members of the management and supervisory board of the parties to the division (the key terms and conditions of the plan have been described above). In the course of the division all current employment contracts with the employees of AS Merko Ehitus will be transferred and the present terms of employment will be maintained. All liabilities to clients will be transferred to the New Merko that will continue supplying building services. In addition, the management board of AS Merko Ehitus will prepare a division report, in which the division and division plan as well as the share exchange ratio will be explained and justified legally and economically. The division plan will be audited by an auditor who will prepare a written report of the audit. AS Merko Ehitus is going to apply for an exception from the requirement concerning the preparation of a division prospectus stipulated in the Tallinn Stock Exchange Rules, for a listing prospectus will be prepared for listing the shares of the New Merko (see below). The division plan will enter into force upon its approval by the general meeting of the shareholders of AS Merko Ehitus. For passing the resolution, at least two-thirds of the votes represented at the general meeting must be in favour. One month before the general meeting, the division plan, the division report, the auditor's report and the three preceding annual reports and activity reports of AS Merko Ehitus will be made available to all shareholders. At the general meeting, the management board of AS Merko Ehitus will explain the legal and economic consequences of the division. The division will be completed by the making of relevant entries in the commercial register. An application for making an entry may be filed after one month has passed from the adoption of the division resolution. First, an entry on the founding of the New Merko and, thereafter, an entry on the division of AS Merko Ehitus will be made. After the last entry has been made, the separated assets of AS Merko Ehitus will transfer to the New Merko pursuant to the division prescribed in the division plan, and the shareholders of AS Merko Ehitus as at a date specified earlier will become the shareholders of the New Merko in accordance with the division plan. A listing prospectus will be prepared for listing of the shares on the Tallinn Stock Exchange. The prospectus will be registered by the Financial Supervision Authority, and the Listing and Supervision Committee of the Tallinn Stock Exchange will make a decision on listing. Registration and listing applications can be filed only after the division has been completed. The Financial Supervision Authority must register the listing prospectus within 10 business days. The Listing and Supervision Committee of the Tallinn Stock Exchange must make a decision on listing within three months. The listing prospectus will be published on the website of the Tallinn Stock Exchange two trading days before commencement of trading. AS Merko Ehitus wishes to seek the prior approval of the Financial Supervision Authority and Tallinn Stock Exchange regarding the contents of the listing prospectus and, based on established market practice, presumes that the listing of the shares of the New Merko will be decided on within one week from the completion of the division. According to the restructuring plan, the division plan should be signed and the division report and auditor's report should be prepared at the end of April this year. The division plan will be submitted for approval to the annual general meeting of AS Merko Ehitus, which should be held on 3 June 2008 according to current plans. After approval, the division will presumably enter into force in the week starting 21st July, and according current plans the trading in the shares of the New Merko on the Tallinn Stock Exchange should commence in the week starting 4th August. The advisors of AS Merko Ehitus in the division procedure are the investment bank GILD Bankers and Law Office Tark & Co. For further information, please contact: Tõnu Toomik Chairman of Management Board +372 6 805 105 merko@merko.ee Alar Lagus Member of the Management Board +372 6 805 109 merko@merko.ee