The results of the share buyback program of AS Ekspress Grupp
07 Marzo 2023 - 1:53AM
The results of the share buyback program of AS Ekspress Grupp
162 investors submitted the orders to sell
back 2,077,440 shares in the total amount of 3,531,648 euros during
the period of placing share redemption orders. As a result of the
buyback distribution, each investor can sell back 28.32% of the
number of shares submitted in the redemption order.
On 8 February 2023, AS Ekspress Grupp announced
the buyback of up to 588,235 own shares (share of AS Ekspress
Grupp, ISIN EE3100016965, hereinafter referred to as the share)
from the shareholders at the price of EUR 1.70 per share and in the
total amount of 1 million euros.
All shareholders could offer their shares to AS
Ekspress Grupp for a buyback at equal terms. The period of
placing share redemption orders began on 15th February
2023 and ended yesterday 6th March 2023.
162 investors submitted the orders to sell back
2,077,440 shares in the amount of 3,531,648 euros during the period
of placing share redemption orders. As the total amount of the
received redemption orders exceeded EUR 1,000,000, AS Ekspress
Grupp distributed the shares to be bought back among the offers
submitted by the shareholders proportionally (pro rata) so that the
total buyback amount does not exceed EUR 1,000,000. As a result of
the distribution, each investor can sell back 28.32% of the number
of shares submitted in the redemption order.
If a pro rata distribution of shares to be
bought back resulted in a number of shares that were not an
integer, the corresponding number of shares rounded down to the
nearest whole number of shares in accordance with the rounding
rules. The balance resulting from the rounding was distributed
among the shareholders on a random basis.
The transfer date of the shares and the funds is
9th March 2023.
Signe KukinGroup CFOAS Ekspress Grupp Telephone: +372 669
8381E-mail address: signe.kukin@egrupp.ee
AS Ekspress Grupp is the leading Baltic
media group whose key activities include web media content
production as well as the 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 1600 people.
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