Financial Supervision Authority approves takeover bid of Odyssey Europe AS for all shares of Olympic Entertainment Group AS

04/04/2018

On Monday, 2 April, the Financial Supervision Authority approved the voluntary takeover bid of Odyssey Europe AS for all shares of Olympic Entertainment Group AS. The takeover bid will be made for all of the shares of Olympic Entertainment Group AS that do not belong to Odyssey Europe AS.

The Financial Supervision Authority will approve the prospectus and notice of the takeover bid if they comply with the legal requirements to allow investors to easily obtain the information they need. We advise investors to read the prospectus thoroughly and consult an expert if necessary. As this is a voluntary takeover bid, the Financial Supervision Authority will not approve the price of the bid.

Odyssey Europe AS states in the prospectus that it wants to delist the shares of Olympic Entertainment Group AS on the regulated market organised by NASDAQ Tallinn AS. The decision about delisting the shares from the stock exchange will be made by the listing body on the basis of the issuer’s written application. In the case of Olympic Entertainment Group AS, the decision to submit the application must be made by the general meeting of shareholders. The stock exchange has the right to dismiss the application if the committee finds that delisting would seriously damage the interests of investors or the regular operation of the market. The decision will be made in three months.

The prospectus of the takeover bid is accessible on the website of NASDAQ Tallinn Stock Exchange at http://www.nasdaqbaltic.com and on the website of Odyssey Europe AS at http://odyssey-europe.eu. Paper copies of the prospectus are available at the office of LHV PANK AS at Tartu maantee 2, Tallinn, and the prospectus can also be viewed on the website of the Financial Supervision Authority.

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