Market announcement
Olympic Entertainment Group AS
LEI code
097900BHBZ0000064366
General information
Categories
Other price sensitive information
Unique data record identifier
6648
Submission date and time
09.05.2018 20:16:42
Content of announcement in Estonian
Title
OEG: Teatud vähemusaktsionärid esitasid alternatiivse otsuse eelnõu koos põhjendusega
Message
Seoses 11. mail 2018 toimuva Olympic Entertainment Group AS-i (?Aktsiaselts") korralise üldkoosolekuga esitasid Aktsiaseltsi teatud vähemusaktsionärid, kes kinnitavad, et nende häältega on esindatud vähemalt 1/20 kogu Aktsiaseltsi aktsiakapitalist, 8. mail 2018 üldkoosoleku päevakorra 5. punkti kohta järgmise otsuse eelnõu ja põhjenduse: * * * * * Otsuse eelnõu: ?Arvestades et 4. aprillil 2018 tegi Odyssey Europe AS avaliku vabatahtliku ülevõtmispakkumise Aktsiaseltsi aktsiate omandamiseks ning pakkumise tulemusena omandas Odyssey Europe AS vähem kui 90% Aktsiaseltsi aktsiatest, kiita heaks Aktsiaseltsi aktsiate (OEG1T, ISIN EE3100084021) Nasdaq Tallinna börsil noteerimise lõpetamine, kui Odyssey Europe AS on omandanud 100% Aktsiaseltsi aktsiatest." Põhjendus: ?Noteerimine börsil tagab väikeinvestoritele teatud õigused, sealhulgas emitendi tegevuse ja majandusliku olukorra läbipaistvuse ning madalamad piirmäärad aktsionäride õiguste teostamisel üldkoosolekul. Seepärast on Nasdaq Tallinna börsi praktika kohaselt noteerimine lõpetatud pärast emitendi väikeaktsionäride aktsiate ülevõtmist õiglase hüvitise eest. Aktsiaseltsi noteerimise lõpetamine ohustaks oluliselt väikeaktsionäride õigusi ning Aktsiaseltsi aktsiate noteerimise lõpetamise taotlemise eeltingimuseks peaks olema 100% aktsiate omandamine enamusaktsionäri poolt." * * * * * Aktsiaselts tegeleb praegu kontrollimisega, kas formaalsed eeltingimused otsuse eelnõu esitamiseks olid täidetud. Madis Jääger juhatuse esimees Olympic Entertainment Group AS Tel + 372 667 1250 E-post [email protected] (mailto:[email protected]) http://www.olympic-casino.com
Content of announcement in English
Title
OEG: Certain minority shareholders submitted an alternative draft resolution and reasoning
Message
With respect to the Annual General Meeting (the "AGM") of Olympic Entertainment Group AS (the "Company") to be held on 11 May 2018, certain minority shareholders of the Company, who confirm that their votes represent at least 1/20 of the share capital of the Company, submitted on 8 May 2018 the following draft resolution and reasoning under item 5 of the agenda of the AGM: * * * * * Draft resolution: "Considering that on 4 April 2018, Odyssey Europe AS made a voluntary public takeover offer for the acquisition of shares of the Company; and as the result of the offer, Odyssey Europe AS acquired less than 90% of shares of the Company, to approve the termination of listing of the shares of the Company (OEG1T, ISIN EE3100084021) from Nasdaq Tallinn Stock Exchange after Odyssey Europe AS has acquired 100% of shares of the Company." Reasoning: "Stock exchange listing guarantees minority investors certain rights, including transparency of the conduct and financial condition of the issuer and lower thresholds in exercising shareholder rights at the general meeting. For that reason, according to the settled practice of Nasdaq Tallinn Stock Exchange, termination of listing has followed the squeeze-out at fair value of the minority shares of the issuer. Delisting of the Company would materially jeopardise the rights of minority shareholders and the application to terminate listing of Company's shares should be conditional upon acquisition of 100% of shares by majority shareholder." * * * * * The Company is currently in the process of verifying whether the formal preconditions for the submission of the draft resolution were met. Madis Jääger CEO Olympic Entertainment Group AS Tel + 372 667 1250 E-mail [email protected] (mailto:[email protected]) http://www.olympic-casino.com