News
AS Ekspress Grupp postpones the share issue and general meeting of shareholders to avoid conflict with the exchange rules and regulations
Since in the case of the announced share issue excluding the pre-emptive right of subscription, the price of new shares to be issued under the exchange rules and regulations may not be lower than 10% of the average of closing prices of ten exchange days preceding the determination of the sales price, the Supervisory Board of AS Ekspress Grupp decided to postpone the planned share issue. In order to organise the share issue, AS Ekspress Grupp must change the conditions of the share issue and organise a new General Meeting of Shareholders. At the same time, the Supervisory Board of AS Ekspress Grupp decided not to organise an Extraordinary General Meeting of Shareholders, but announce a new share issue at an Annual General Meeting of Shareholders where the shareholders can also approve the Annual Report of AS Ekspress Grupp for 2009.
Additional information:
Gunnar Kobin
Chairman of the Management Board
GSM: +372 5188111
e-mail: gunnar@egrupp.ee