Market announcement

TKM Grupp AS

LEI code

529900785KF1K0EEW940

Size of the entity

Large group

Economic activities

Financial and Insurance Activities

Country of registered office

Estonia

General information

Categories

Other price sensitive information

Unique data record identifier

3968

Submission date and time

27.03.2013 16:58:48

Content of announcement in Estonian

Title

Tütarettevõtjate jagunemine

Message

Eesmärgiga korrastada Tallinna Kaubamaja kontserni ettevõtete struktuuri ja
muuta juhtimist läbipaistvamaks viiakse läbi kontserni tütarühingute
jagunemine. 

AS Viking Motors tegeleb Opelite, Cadillacide ja KIAde müügi ja teenindusega
ning Saabide, Corvette’ide ja Hummerite teenindusega Tallinnas. KIA Auto AS
tegeleb KIAde maaletoomisega ja läbi oma tütarühingu OÜ Ülemiste Autokeskus ka
KIAde müügiga. Kontserni struktureerimise raames plaanitakse kogu kontserni
autode müügitegevus Eestis koondada AS Viking Motors alla. Selleks on kavas
AS-ile Viking Motors jagunemise teel eraldada ja üle anda KIA Auto AS poolt
osalus OÜ-s Ülemiste Autokeskus. 

Teiseks soovitakse Läti tütarühingu SIA KIA Automobiles ja Leedu tütarühingu
UAB KIA Auto osalused KIA Auto AS-is viia otse TKM Auto OÜ alla, et KIA Auto AS
tegevuseks jääks ainult autode maaletoomine. Selleks viiakse paralleelselt läbi
teine KIA Auto AS jagunemine, kus omandavaks ühinguks saab jagunemise käigus
asutatav uus äriühing OÜ Opti Auto. OÜ-s Opti Auto saab TKM Auto OÜ omama
100%-list osalust ning selle osakapitaliks saab 2500 eurot. OÜ Opti Auto
juhatuse liikmeks saab Jüri Kuusk, kes on ühtlasi TKM Auto OÜ ja AS Viking
Motors juhatuse liige. 

Täna allkirjastati KIA Auto AS jagunemiskava ja KIA Auto AS ning AS Viking
Motors vaheline jagunemisleping. Ülalkirjeldatud jagunemiste orienteeruv
äriregistris registreerimine leiab aset juunis 2013. Tütarühingu loomine ja
kontserni struktuuri korrastamine jagunemiste läbi ei oma mõju kontserni
konsolideeritud majandustulemusele. Tütarühingu loomine ei ole käsitletav
olulise osaluse omandamisena NASDAQ OMX Tallinna Börsi reglemendi osa "Nõuded
Emitentidele" tähenduses. Ülalkirjeldatud struktureerimine ei avalda olulist
mõju Tallinna Kaubamaja AS kontserni tegevusele. Tallinna Kaubamaja AS nõukogu
ja juhatuse liikmed ei ole tehingutest muul viisil isiklikult huvitatud. 


         Raul Puusepp
         Juhatuse esimees
         Tel 731 5000

Content of announcement in English

Title

Division of subsidiaries

Message

With the intention of improving the structure and making the administration of
Tallinna Kaubamaja group more transparent, division of its subsidiaries shall
take place. 

The field of activity of AS Viking Motors includes sale and service of Opel,
Cadillac and KIA vehicles, and service of Saab, Corvette and Hummer in Tallinn.
KIA Auto AS imports KIAs and is also active in the sales via its subsidiary OÜ
Ülemiste Autokeskus. The sales activity of the group in Estonia shall be
focused to AS Viking Motors. For this purpose KIA Auto AS plans to separate and
transfer via division the shareholding in OÜ Ülemiste Autokeskus to AS Viking
Motors. 

Secondly, with the purpose of making the sole activity of KIA Auto AS importing
of cars, the shareholding of KIA Auto AS in Latvian subsidiary SIA KIA
Automobiles and Lithuanian subsidiary UAB KIA Auto shall be transferred
directly to TKM Auto OÜ. For this purpose another division of KIA Auto AS shall
take place simultaneously, where the recipient company shall be OÜ Opti Auto,
which shall be established in the course of division with a share capital of
EUR 2,500 whereas TKM Auto OÜ shall get 100% shareholding in the company. Jüri
Kuusk who is also the member of the management board of TKM Auto OÜ and AS
Viking Motors shall become the member of the management board of OÜ Opti Auto. 

Today the division plan of KIA Auto AS and the division agreement of KIA Auto
AS and AS Viking Motors were concluded. The abovementioned divisions shall be
registered with the Commercial Registry approximately in June 2013.
Establishing the subsidiary and reorganizing the structure of the group has no
impact on the consolidated financial results. Establishment of the subsidiary
does not constitute an acquisition of a significant holding in the meaning of
the section “Requirements for Issuers” in the NASDAQ OMX Tallinn rules. The
abovementioned restructuring does not have substantial influence on the
operations of the Tallinna Kaubamaja AS group. The supervisory and management
board members of Tallinna Kaubamaja AS have no personal interests in these
transactions. 


         Raul Puusepp
         Chairman of the Board
         Phone: +372 731 5000