Börsiteade

Pealkiri

Increase of the share capital in connection with realisation of the employees’ share option program

Teade

The  supervisory board of AS Ekspress Grupp has in accordance with clause 5.9 of
the  articles  of  association  and  the  resolutions  of the general meeting of
shareholders   from   29.09.2020 (information   on   which  can  be  found  here
(https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=956594&me
ssageId=1205305))  decided  to  increase  the  share  capital  of the company by
600,000 euros from EUR 17,878,104.60 to EUR 18,478,104.60, by issuing 1,000,000
new common shares with the nominal value of EUR 0.6 per share.

The  increase of the share  capital and issue of  new shares will be carried out
for  the realisation of the option programme  approved by the general meeting of
shareholders from 13.06.2017 (hereinafter the 2017 Option Programme). The amount
of  shares to  be issued,  i.e. 1,000,000 shares,  corresponds to  the number of
shares  required for the realisation of the 2017 Option Programme. Therefore, no
further  shares  will  be  issued  by  AS  Ekspress  Grupp  in  relation to that
programme.  The  remaining  300,000 new  shares,  which  the  general meeting of
shareholders from 29.09.2020 authorised the supervisory board to issue, will not
be issued.

The  increase of the  share capital and  issue of new  shares is directed to the
organiser  of  the  2017 Option  Programme,  i.e.  AS  LHV  Pank  (registry code
10539549). AS  Ekspress  Grupp  has  in  accordance  with the resolutions of the
general meeting of shareholders from 29.09.2020 entered into a service agreement
with  AS LHV Pank in relation to the  foregoing, in accordance with which AS LHV
Pank  will  subscribe  for  and  acquire  the  aforementioned  shares  and  will
thereafter  sell  them  back  to  AS  Ekspress  Grupp for a price equal to their
nominal  value  (i.e.  0.6 Euros  per  share),  in accordance with the terms and
conditions  of the agreement. The shares to be acquired from AS LHV Pank will be
given  by  the  company  to  the  recipients  of  the options free of charge, in
accordance with the option agreements.

The  preferential right of existing shareholders to subscribe for new shares has
been  excluded by  the resolutions  of the  general meeting of shareholders from
29.09.2020. The  shares  to  be  issued  in  connection  with  the share capital
increase  will grant a  right to dividends  as of the  registration of the share
capital increase in the Commercial Register.

AS  LHV Pank will pay for the new  shares by a monetary payment of 600,000 Euros
in  aggregate, i.e. 0.6 Euros per share. A share premium will not be applied. AS
LHV Pank will pay the subscription price by 13.11.2020 at the latest.

Furthermore,  in  connection  with  the  resolutions  of  the general meeting of
shareholders  from  29.09.2020, by  which  the  new  share  option programme for
2021-2023 was  approved, the supervisory board has  approved the list of persons
entitled to the options and determined the size of the option programme to be up
to 1.2 million shares of the company.


Additional information
Signe Kukin
AS Ekspress Grupp
Group CFO
+372 669 8381
[email protected]

AS  Ekspress Grupp  is the  leading media  group in  the Baltic States whose key
activities  include web media  content production, publishing  of newspapers and
magazines  and provision of printing services  in Estonia, Latvia and Lithuania.
The  Group also  manages the  electronic ticket  sales platform and ticket sales
sites  in Latvia.  Ekspress Grupp  that launched  its operations in 1989 employs
almost  1700 people, owns  leading web  media portals  in the  Baltic States and
publishes  the most popular daily and weekly  newspapers as well as the majority
of the most popular magazines in Estonia.