Market announcement
AS Pro Kapital Grupp
LEI code
097900BGM10000061519
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
8175
Submission date and time
20.07.2020 20:00:00
Content of announcement in Estonian
Title
Pro Kapital annab teada leedu tütarettevõtete ühinemisest
Message
AS Pro Kapital Grupp teavitab investoreid kontserni kahe tütarettevõtte, PK Invest UAB ja tema täielikus omanduses oleva PK Bonum UAB, ühinemise algatamisest. Mõlema ettevõtte 29. juunil 2020 toimunud omanike Üldkoosolekutel otsustati algatada kahe ettevõtte ühinemine. Ühinemise eesmärk on lihtsustada kontserni struktuuri. Mõlemad ettevõtted avalikustavad Leedus 21. juulil ühinemise tingimused seisuga 30. juuni. PK Bonum UAB on ettevõte, mille 100%-ne osalus kuulub PK Invest UAB-le. PK Invest UAB on Pro Kapital Vilnus Real Estate UAB 100%-ne tütarettevõte. Pro Kapital Vilnius Real Estate UAB on omakorda AS Pro Kapital Grupp 100%-ne tütarettevõte. Kuna PK Bonum UAB tegevus oli seotud ühe kinnisvara arendusprojektiga, mis on tänaseks edukalt lõpule viidud, otsustas emaettevõte, et PK Bonum UAB on tõhusam integreerida PK Invest UAB tegevusega. Kontserni strateegiana on tavapärane luua tütarettevõtted erinevate arendusprojektide jaoks. See võimaldab konkreetse arendusega seotud kulude ja tegevuste läbipaistvamat ja selgemat juhtimist. Kui arendusprojekt on lõpule viidud, on mõistlik liita kontserni struktuuri lihtsustamiseks spetsiaalselt asutatud tütarettevõte teise kontserni kuuluva ettevõttega. PK Bonum UAB arendas Vilniuses uut kortermaja, mis ehitati Shaltiniu Namai elamukvartalisse. See oli väga edukas projekt ja kvartalist on saanud tõeliselt hinnatud elukeskkond Vilniuse vanalinna piiril. Shaltiniu Namai uus arendusprojekt, mida nimetatakse Shaltiniu Namai Attico, on samuti klientide poolt väga hästi vastu võetud. Kuna PK Invest UAB omab 100% PK Bonum UAB aktsiatest, viiakse ettevõtete ühinemine läbi lihtsustatud korras vastavalt Leedus kehtivatele õigusaktidele. Pärast ühinemist jääb PK Invest UAB osakapital samaks ning kõik PK Bonum UAB varad, õigused ja kohustused võtab üle PK Invest UAB. Pärast ühinemise läbiviimist kustutatakse PK Bonum UAB Leedu Äriregistrist. Tehing ei ole käsitletav tehinguna seotud isikuga börsi reglemendi mõistes. Kuna PK Bonum UAB kõik osad kuuluvad PK Invest UAB-le, puudub ühinemisel mõju emitendi majandustegevusele. Allan Remmelkoor Juhatuse liige Tel: 6144 920 Email: [email protected]
Content of announcement in English
Title
Pro Kapital announces the merger of its subsidiaries in Lithuania
Message
AS Pro Kapital Grupp informs its investors about the initiation of the merger of two subsidiaries, PK Invest Ltd and its wholly owned subsidiary PK Bonum Ltd. On 29 June 2020, the General Meetings of Shareholders of both companies decided to initiate the merger between two companies, aimed at simplifying the group's structure. On 21 July, in Lithuania both companies will publicly announce about preparation of the Terms of Merger on 30 June. PK Bonum Ltd is a company, 100% owned by PK Invest Ltd. PK Invest Ltd is a 100% subsidiary of Pro Kapital Vilnus Real Estate Ltd. Pro Kapital Vilnius Real Estate Ltd is a 100% subsidiary of AS Pro Kapital Grupp. As PK Bonum Ltd activity was related to one project, which has been successfully completed, the parent company decided that is more efficient to integrate the PK Bonum Ltd into PK Invest Ltd. It is a common practice in the Group's strategy to establish subsidiaries for specific development projects. This enables transparent and more clear management of costs and activities related to a specific development. When the development project is completed, it makes sense to merge a specially established subsidiary with another group company to simplify the group structure. PK Bonum Ltd was the developer of a new apartment building in Vilnius, built in the residential quarter of Saltiniu Namai. It was a very successful project and the quarter has become a truly valued residential area on the border of Vilnius Old Town. Saltiniu Namai's new stage, Saltiniu Namai Attico, has also been very well received by customers. As PK Invest Ltd owns 100% of the shares in PK Bonum Ltd, the merger shall be implemented under the simplified procedure in accordance with applicable Lithuanian legal acts. Following the merger, the share capital of PK Invest Ltd will remain the same and all the assets, rights and obligations of PK Bonum Ltd will be taken over by PK Invest Ltd. After the merger, PK Bonum Ltd will be deregistered from the Register of the Legal Entities of Lithuania. The transaction is not considered as a transaction with related parties within the meaning of the stock-exchange regulations. As all the shares of PK Bonum Ltd are owned by PK Invest Ltd, the merger does not have any effect on the economic activity of the issuer. Allan Remmelkoor Member of the Management Board Tel: +372 6144 920 Email: [email protected]