Market announcement
AS BALTIKA
LEI code
48510000I3W254YEMG75
General information
Categories
Other price sensitive information
Unique data record identifier
3534
Submission date and time
16.12.2011 20:57:20
Content of announcement in Estonian
Title
Informatsioon AS Baltika netovara seisust ja nõukogu koosoleku otsused
Message
AS Baltika netovara seis AS Baltika juhatus teatab, et novembri lõpu seisuga on ettevõtte netovara seis taastunud ja vastab Äriseadustiku nõuetele ehk on üle poole aktsiakapitali mahust. AS Baltika netovara on 30. novembri seisuga summas 12 667 tuhat eurot, mis ületab 0,5% võrra poole aktsiakapitalist nõudest. AS Baltika netovara seis on paranenud tänu senini ootuspärastele neljanda kvartali tulemustele. Efektiivsuse kasvatamine ja tugev kulude kontroll koos heade oktoobri ja novembri müügitulemustega andsid oktoobri ja novembri puhaskasumiks kokku 1,1 miljonit eurot. Samuti paranes finantspositsioon seoses KJK Fund SICAV-SIF nõuete konverteerimisega omakapitaliinstrumendiks summas 250 tuhat eurot. Nõukogu koosoleku otsused 14. detsembril 2011 toimunud koosolekul otsustas AS Baltika Nõukogu teha ettepaneku 2012. aasta kevadel toimuvale aktsionäride korralisele üldkoosolekule vähendada aktsia nimiväärtust ning väljastada kahe-aastaseid konverteeritavaid võlakirju orienteeruvas mahus 1,5 miljonit eurot, aktsia väljalaskehinnaga 0,3 eurot. Võlakirjaemissiooni täpsemate tingimuste ettepaneku teeb Nõukogu aktsionäride üldkoosolekule esitatavates otsuste projektides. Nõukogu nõustus, et AS Baltika juhatus sõlmib AS Baltika suurimate aktsionäride hulka kuuluva KJK Fund SICAV-SIF-iga laenulepingu summas 1 miljon eurot. Vastavalt 16. detsembril allkirjastatud lepingule on KJK Fund SICAV-SIF võtnud endale kohustuse antud laenuleping aktsionäride üldkoosoleku võlakirjade emiteerimist kinnitava otsuse korral vahetada konverteeritavateks võlakirjadeks. Kuni võlakirjade konverteerimiseni on laen tagamata ja kannab intressi 10% aastas. Lisaks võttis Baltika nõukogu teadmiseks nõukogu liikme Edoardo Miroglio soovi nõukogust tagasi astuda. Baltika nõukogu tänab Edoardo Mirogliot väärtusliku panuse eest nõukogu töösse. Maigi Pärnik Juhatuse liige [email protected]
Content of announcement in English
Title
Information regarding AS Baltika net asset position and Supervisory Council decisions
Message
AS Baltika net asset position AS Baltika Management Board is announcing that the net asset position has been restored as at the end of November and the company is compliant with the Commercial Code requirements e.g. net assets are above half of the share capital. AS Baltika net assets as at 30 November 2011 are 12 667 thousand euros, which exceeds by 0,5% half of the share capital requirement. The net asset position of AS Baltika has improved due to expected positive fourth quarter results to date. The increase in efficiency and strong control over costs with good October to November sales results resulted in total net profit of 1.1 million euros for October and November. In addition the financial position improved due to the conversion of claims of KJK Fund SICAV-SIF into equity instrument in the amount of 250 thousand euros. AS Baltika Supervisory Council decisions Supervisory Council decided on the 14th December 2011 meeting to propose to the ordinary general meeting of shareholders to be held in spring 2012 to reduce the nominal value of the share and to issue convertible bonds with 2 years maturity for approximately 1.5 million euros, with the issue price of 0.3 euros per share. The more detailed terms and conditions will be proposed by the Supervisory Council in the project of decisions of the annual general meeting. Supervisory Council has authorized the Management Board to sign a loan contract with one of its large shareholders KJK Fund SICAV-SIF in the amount of 1.0 million euros. Based on the agreement signed on 16th December KJK Fund SICAV-SIF has taken the obligation to convert in case of annual general meeting approval the loan obligation to convertible bonds. Until the exchange for convertible bonds the loan is unsecured and carries 10% interest. At the December 14th meeting, the Supervisory Council of AS Baltika acknowledged Edoardo Miroglio´s letter of resignation. Baltika Supervisory Council is very grateful for Edoardo Miroglio´s valuable contribution to the company. Maigi Pärnik Member of the Management Board [email protected]