Market announcement
Olympic Entertainment Group AS
LEI code
097900BHBZ0000064366
General information
Categories
Other price sensitive information
Unique data record identifier
4471
Submission date and time
27.05.2014 21:00:00
Content of announcement in Estonian
Title
OEG otsustas restruktureerida Läti tütarühingud
Message
OLYMPIC ENTERTAINMENT GROUP AS (OEG) otsustas restruktureerida Läti tütarühingud. Seoses sellega otsustas OEG konverteerida Olympic Casino Latvia SIA aktsiakapitali eurodesse ning suurendada aktsiakapitali kuni 4 564 620 euroni. Aktsiakapitali suurendamine viiakse lõpuni 2014 aasta mai lõpus. OEG otsustas ka ühendada Lätis asuvad tütarettevõtted Olympic Casino Latvia SIA ja 2013 suvel omandatud kasiinooperaatori Altea SIA. Ühinemise käigus ühendab Olympic Casino Latvia SIA endaga Altea SIA. Ühinemisprotsess kestab kümme kuud ning selle lõppedes jätkab kontsern Läti turul kasiinode opereerimist vaid Olympic Casino Latvia SIA kaudu. Ühinemise eesmärgiks on kontserni struktuuri korrastamine. Ülaltoodud tehingud ei oma otsest mõju OEG kontserni majandustegevusele. OEG juhatuse ja nõukogu liikmed ei ole tehingust muul viisil isiklikult huvitatud. Madis Jääger Juhatuse esimees Olympic Entertainment Group AS Tel + 372 667 1250 E-post [email protected] http://www.olympic-casino.com
Content of announcement in English
Title
OEG to restructure its Latvian subsidiaries
Message
OLYMPIC ENTERTAINMENT GROUP AS (OEG) has adopted a decision to restructure its Latvian subsidiaries. In connection with the decision, the share capital of Olympic Casino Latvia SIA shall be converted into euros and increased up to EUR 4,564,620. The increase of share capital will be completed at the end of May 2014. OEG has also made a decision to merge its Latvian subsidiaries Olympic Casino Latvia SIA and Altea SIA, a casino operator acquired in summer 2013. Olympic Casino Latvia SIA shall merge Altea SIA. The merger process shall take 10 months and after its completion the group shall continue operating casinos in the Latvian market only through Olympic Casino Latvia SIA. The purpose of the merger is adjustment of the group’s structure. The abovementioned transactions have no direct influence on the economic activities of OEG Group. The members of the management and supervisory board of OEG have otherwise no personal interest in the transaction. Madis Jääger CEO Olympic Entertainment Group AS Tel + 372 667 1250 E-mail [email protected] http://www.olympic-casino.com