Division subsidiary undertaking AS Printall 19.11
The amount of share capital of the undertaking in foundation is 100,000 Euros. Gunnar Kobin will become the director of OÜ Ekspress Finance (in foundation) while continuing to be a member of the management board of AS Ekspress Grupp.
The foundation of the new undertaking by way of separation shall not be treated as acquisition of significant shareholding in the meaning of section “Listing Rules” of NASDAQ OMX Tallinn Rules and Regulations, and it shall not have a significant impact on the activities of the group of undertakings of AS Ekspress Grupp. Members of the supervisory board and the management board of AS Ekspress Grupp are not otherwise personally interested in the transaction. No advantages will be given to members of the management board or the supervisory board of undertakings participating in the division.