Increase of the share capital in connection with realisation of the employees’ share option program
May 02 2024 - 9:00AM
UK Regulatory
Increase of the share capital in connection with realisation of the
employees’ share option program
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
04.03.2024 decided to increase the share capital of the company by
97,500.60 euros from EUR 18,478,104.60 to EUR 18,575,605.20,
by issuing 162,501 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
29.09.2020. In accordance with point 1 of the shareholders’
decision from 04.03.2024, the exercise of the options and issuance
of the shares shall be performed both by transferring Ekspress
Grupp’s own shares to the option holder and by an increasing of the
share capital of Ekspress Grupp and issuing of new shares. The
amount of shares to be issued, i.e. 162,501 shares, corresponds to
the number of shares required for the realisation of the option
programme. Therefore, no further shares will be issued by AS
Ekspress Grupp in relation to that programme.
The increase of the share capital and issue of
new shares is directed to the option holders of the option
programme, approved on 29.09.2020. Option holders will acquire
shares for a price equal to their nominal value 0.6 Euros per share
in accordance with the option program and shareholders’ decision
from 04.03.2024.
The preferential right of existing shareholders
to subscribe for new shares has been excluded by the resolutions of
the general meeting of shareholders from 04.03.2024. 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.
Option holders will pay for the new shares by a
monetary payment of EUR 97,500.60 in aggregate, i.e. 0.6 euros per
share. A share premium will not be applied. Option holders will pay
the subscription price by 07.05.2024 at the latest.
Mari-Liis Rüütsalu
Chairman of the Management Board
+372 512 2591
mariliis.ryytsalu@egrupp.ee
AS Ekspress Grupp is the leading Baltic
media group whose key activities include web media content
production as well as publishing of newspapers, magazines and
books. The Group also operates an electronic ticket sales platform
and ticket offices and provides an outdoor screen service in
Estonia and Latvia. Ekspress Grupp launched its operations in 1989
and it employs almost 1100 people.
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