Market announcement

AS BALTIKA

LEI code

48510000I3W254YEMG75

General information

Categories

Other price sensitive information

Unique data record identifier

3741

Submission date and time

21.06.2012 18:40:53

Content of announcement in Estonian

Title

AS-i Baltika ühinemine 100%-lise tütarettevõtjaga AS Virulane

Message

2012. aasta mais ostis AS Baltika 2 595 ehk 6,2% AS Virulane aktsiatest,
misjärel omab 
AS Baltika 100% tütarettevõtte aktsiatest.

21. juunil 2012. aastal sõlmisid AS Baltika ja AS Virulane ühinemislepingu,
mille kohaselt 
AS Baltika on ühendavaks ja AS Virulane on ühendatavaks ühinguks.
Ühinemislepingu kohaselt annab AS Virulane kogu oma vara (õigused ja
kohustused) üle AS-ile Baltika. 
AS Virulane kui ühendatav ühing loetakse äriseadustiku § 403 lg 2 kohaselt
lõppenuks ühinemise kandmisega äriregistrisse. 

AS Virulane on Baltika tütarettevõte, mille tootmisüksused müüdi 2010. aasta
esimeses kvartalis. Sellest perioodist alates ei ole AS-is Virulane aktiivset
majandustegevust toimunud ning ühendamise eesmärgiks on AS Virulane
administratiivjuhtimisega seotud kulude minimeerimine. 

Kavandatav ühinemine on kontserni sisene ning selle käigus ei muutu Baltika
Grupi varade, õiguste ja kohustuste maht, sisu ja olemus. Samuti ei avalda
ühinemine majanduslikku mõju kontserni teistele tütarettevõtetele ning selle
tagajärjel ei suurendata ega asendata AS Baltika aktsiakapitali. 

Ühinemislepingu osapooled on Tallinna Börsi reglemendi mõistes seotud isikud.

AS Baltika 2009-2011. aasta majandusaasta auditeeritud aruanded on
kättesaadavad NASDAQ OMX Tallinna Börsi ja AS Baltika kodulehel. AS Virulane
2009.–2011. aasta majandusaasta auditeeritud aruanded on kättesaadavad AS
Baltika kodulehel. 



Maigi Pärnik
Juhatuse liige
[email protected]

Content of announcement in English

Title

Merger of AS Baltika with its wholly-owned subsidiary AS Virulane

Message

AS Baltika acquired in May 2012 2,595 AS Virulane shares (6.2% of shares) and
now owns 100% of subsidiary’s shares. 

On 21 June 2012, AS Baltika and AS Virulane executed a merger agreement
according to which AS Baltika is the acquiring company and AS Virulane the
company being merged. Pursuant to the merger agreement AS Virulane, transfers
all its assets (rights and obligations) to AS Baltika. AS Virulane as the
company being merged is considered to be ended in accordance with Section
403(2) of the Commercial Code upon registration of the merger in the Commercial
Registry. 

AS Virulane is subsidiary of Baltika whose production operations were divested
in the first quarter of 2010. Since then the entity has been dormant. The goal
of the merger is to minimise the administrative management costs of the company
being acquired. 

Proposed merger is within the Group and therefore results in no changes to the
Baltika Group assets, rights and obligations amount, content and nature. The
merger will have no economic effect on the other subsidiaries of the Group and
the share capital of AS Baltika will neither be increased nor exchanged. 

The parties to the merger agreement are considered as related parties under the
rules and regulations of the Tallinn Stock Exchange. 

The audited annual reports of AS Baltika for 2009-2011 are available on the
websites of NASDAQ OMX Tallinn Stock Exchange and AS Baltika. The annual
reports of AS Virulane for 2009-2011 are available on the website of AS
Baltika. 


Maigi Pärnik
Member of the Management Board
[email protected]