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
4150
Submission date and time
07.08.2013 16:30:00
Content of announcement in Estonian
Title
AS Tallinna Kaubamaja mittetegutsevate Läti kingaäride restruktureerimine
Message
AS Tallinna Kaubamaja tütarettevõttel, AS-il TKM King, on kaks mittetegutsevat
Läti tütarettevõtet – SIA ABC King ja SIA Suurtuki. Täna müüs AS TKM King oma
osalused nimetatud Läti tütarettevõtetes SIA-le TKM Latvija, mis on samuti AS
Tallinna Kaubamaja kontserni ettevõte. Müügi põhjuseks on Läti tütarettevõtete
kulude optimeerimine. Järgmise sammuna on kavas augustikuu jooksul sõlmida SIA
TKM Latvija (ühendav ühing), SIA ABC King (ühendatav ühing) ja SIA Suurtuki
(ühendatav ühing) vahel ühinemisleping.
Aktsiate võõrandamise tehing ei ole käsitletav olulise osaluse omandamisena ega
tehinguna seotud isikuga NASDAQ OMX Tallinna Börsi reglemendi osa "Nõuded
Emitentidele" tähenduses ega avalda olulist mõju AS Tallinna Kaubamaja
kontserni tegevusele. AS Tallinna Kaubamaja nõukogu ja juhatuse liikmed ei ole
tehingutest muul viisil isiklikult huvitatud.
Raul Puusepp
Juhatuse esimees
Tel 731 5000
Content of announcement in English
Title
Restructuring of the dormant Latvian shoe businesses of AS Tallinna Kaubamaja
Message
The subsidiary of AS Tallinna Kaubamaja, AS TKM King, has two dormant
subsidiaries in Latvia – SIA ABC King and SIA Suurtuki. Today AS TKM King sold
its shareholdings in the above mentioned Latvian subsidiaries to SIA TKM
Latvija, which is also a part of the AS Tallinna Kaubamaja group. The reason
for selling the shares is optimizing of costs of Latvian subsidiaries. As a
next step in August a merger agreement shall be concluded between SIA TKM
Latvija (acquiring company), SIA ABC King (company being acquired) and SIA
Suurtuki (company being acquired).
This transaction is neither an acquisition of a qualifying holding nor a
transaction with a connected person within the meaning of section “Requirements
for Issuers” of the NASDAQ OMX Tallinn Stock Exchange rules, and it does not
have a significant effect on the activity of AS Tallinna Kaubamaja. The members
of the supervisory and management boards at AS Tallinna Kaubamaja have no other
personal interest in the transactions.
Raul Puusepp
Chairman of the Board
Phone: +372 731 5000