Market announcement
AS BALTIKA
LEI code
48510000I3W254YEMG75
General information
Categories
Other price sensitive information
Unique data record identifier
5152
Submission date and time
10.09.2015 10:14:10
Content of announcement in Estonian
Title
AS Baltika nõukogu otsused
Message
AS Baltika nõukogu otsustas 08.09.2015 toimunud koosolekul pikendada juhatuse esimehe Meelis Milderi ja juhatuse liikme Kati Kusmini lepinguid uueks 3-aastaseks ametiajaks. Juhatus jätkab kolmeliikmelisena koosseisus Meelis Milder, Kati Kusmin ja Maigi Pärnik-Pernik. Maire Milder jätkab oma senisel positsioonil Grupi juhtkonnas Brändingu ja jaekontseptsioonide direktorina. Samuti kiitis AS Baltika nõukogu heaks plaanitavad muudatused grupi struktuuris. Efektiivsema finantsjuhtimise eesmärgil muudetakse AS Baltika tütarettevõtte Baltika Retail OÜ struktuuri: tugeva finantspositsiooniga Baltika Retail OÜ tütarettevõte OÜ Baltman ostab Baltika Retail OÜ tütarettevõtted SIA Baltika Latvija ja UAB Baltika Lietuva. Ümberstruktureerimise tulemusel Baltikumi jaeturu ettevõtteid juhtima hakkava OÜ Baltmani ärinimi plaanitakse muuta Baltika Baltic Retail OÜ-ks. Tehingute vormistamine toimub eeldatavasti 2015. aasta jooksul. Kuna ettevõtete tegevus jätkub endises mahus, siis nimetatud tehingud ei oma mõju AS Baltika kontserni konsolideeritud kasumile, varadele ega kohustustele. AS Baltika kinnitab, et tehingud ei ole käsitletavad tehinguna seotud isikuga ning AS Baltika juhatuse ja nõukogu liikmed ei ole tehingust muul viisil isiklikult huvitatud. Meelis Milder Juhatuse esimees [email protected]
Content of announcement in English
Title
Decisions of AS Baltika Supervisory Board
Message
At the 8th of September 2015 meeting the Supervisory Board of AS Baltika decided to extend the contracts of the Chairman of the Management Board Meelis Milder and member of the Management Board Kati Kusmin for another 3-year term. The Management Board will continue with three members: Meelis Milder, Kati Kusmin and Maigi Pärnik-Pernik. Maire Milder will continue among Group executives on current position as director of Branding and Retail Development. Supervisory Board also approved the plan to reorganise group structure. AS Baltika subsidiary Baltika Retail OÜ structure will be changed for more effective financial management: Baltika Retail OÜ subsidiary OÜ Baltman, that has good financial results and strong financial position, will buy from Baltika Retail OÜ its subsidiaries SIA Baltika Latvija and UAB Baltika Lietuva. As a result of the restructure OÜ Baltman will be in control of Baltic retail operations and the name of the company is planned to to be changed to Baltika Baltic Retail OÜ. Transaction should take place during 2015. As the business activity will continue in the same volume, transaction does not have an effect on AS Baltika consolidated profit, assets or liabilities. AS Baltika confirms that the above-mentioned transaction does not constitute a transaction with a related party and the members of the Supervisory and Management Board of AS Baltika do not have any other personal interest in the transaction. Meelis Milder Chairman of the Management Board [email protected]