Market announcement
AS BALTIKA
LEI code
48510000I3W254YEMG75
General information
Categories
Other corporate action
Unique data record identifier
7736
Submission date and time
28.01.2020 19:00:00
Content of announcement in Estonian
Title
AS Baltika nõukogu otsused
Message
AS Baltika nõukogu kiitis 23.01.2020 toimunud koosolekul heaks plaanitavad muudatused grupi struktuuris. Ettevõtte restruktureerimisplaani üks osa on muuta grupi juhtimine tõhusamaks ning selle eesmärgil muudetakse grupi struktuur selgemaks ja õhemaks. Nõukogu otsustas likvideerida AS Baltika tütarettevõtte Baltika Sweden AB (mitte tegutsev). Lisaks otsustati, et AS Baltika ostab 0,15 miljoni euro eest tütarettevõtte OÜ Baltika Retail (valdusfirma) käest 100%-lise osaluse OÜ-s Baltman, mis juhib Baltikumi jaeturu ettevõtteid SIA Baltika Latvija ja UAB Baltika Lietuva. Tehingute vormistamine toimub eeldatavasti 2020. aasta esimesel poolaastal. Kuna ettevõtete tegevus jätkub endises mahus, siis nimetatud tehingud ei oma mõju AS Baltika grupi 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. Maigi Pärnik-Pernik Juhatuse liige [email protected] (mailto:[email protected])
Content of announcement in English
Title
Decisions of AS Baltika Supervisory Board
Message
?At the 23(th) of January 2020 meeting the Supervisory Board of AS Baltika approved the plan to reorganise group structure. Part of the company`s restructuring plan is to change group management more efficient. In order to achieve that group structure will be changed more flat and lean. Supervisory Board decided to liquidate AS Baltika's subsidiary Baltika Sweden AB (dormant). In addition, it was decided that AS Baltika acquires 100% shareholding in OÜ Baltman, a subsidiary of OÜ Baltika Retail (holding company) for 0.15 million euros. OÜ Baltman manages the Baltics retail companies SIA Baltika Latvija and UAB Baltika Lietuva. Transactions are expected to be finalized in the first half of 2020. 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. Maigi Pärnik-Pernik Member of the Management Board [email protected] (mailto:[email protected])