Financial Supervision Authority registers public offering and listing prospectus of AS Baltika securities
On 15 July 2011, the Financial Supervision Authority registered a public offering of AS Baltika securities and listing prospectus.
In this offering, AS Baltika is offering up to 4,300,000 shares. In addition, existing shareholders will be issued 31,494,850 pre-emptive rights to subscribe for existing shares. Investors may subscribe for shares with or without pre-emptive subscription rights. The pre-emptive subscription rights can be traded on the NASDAQ OMX Tallinn stock exchange from 19 July 2011 to 28 July 2011. The shares can be subscribed from 10 am on 19 July to 4 pm on 2 August 2011. The trading of the offered shares on the NASDAQ OMX exchange is expected to start on 19 August 2011.
In connection with the public offering, AS Baltika has announced that three issuing shareholders have taken the obligation to subscribe the shares being offered: KJK Fund Sicav-SIF will undertake to subscribe 2,142,857 of the offered shares; E.Miroglio S.A., 2,157,143; and East Capital Baltikum Fund, 333,000.
The Financial Supervision Authority draws the attention of investors to the fact that no evidence has been filed with the Financial Supervision Authority that would enable assessment of the capability of the said persons to perform the obligation they assumed, nor any written agreements that would set forth the consequences of a violation of the obligation.
AS Baltika stock has been traded on the NASDAQ OMX Tallinn stock exchange since 5 June 1997.