The initial public offering period of the subscription for the shares of AS Premia Foods ended on 29 April 2010 and on 30 April 2010 the management board of AS Premia Foods approved the list of the subscribers. AS Premia Foods notifies that during the initial public offering of the shares that was declared on 22 April 2010, 14 500 000 ordinary shares of AS Premia Foods were offered for sale. According to the decision of the Management Board the shares were sold at a price of 14 EEK for a share of which 10 EEK is the nominal value of the share and 4 EEK the issue premium. The total amount of the shares to be sold according to the decision of the Management Board is 14 500 000, which is the maximum amount of the shares that was out for offering. Overall demand for the shares exceeded offering almost twice. 2 404 801 shares, which is 16,6% of the shares in initial public offering will be distributed to the 1 350 retail investors that subscribed for the shares of AS Premia Foods. The distribution of the shares to retail investors will be carried out according to the following principles. All the retail investors will be granted a 100% distribution of up to 2 000 ordinary shares and for the amount exceeding 2 000 ordinary shares, distribution will be granted in the amount of 20.1955%. Thus if for example a retail investor subscribed for 3 000 ordinary shares, the investor will be granted subscription for the ordinary shares in the following amount: 2 000 shares plus 20.1955% multiplied by 1 000 shares totalling 2 201 shares (should the shares be indivisible then the number of the distributable shares will be rounded down to the closest whole number). Premia Foods is most delighted that Estonian retail and institutional investors participated very actively in the initial subscription for the shares. We would like to thank current and future investors for their confidence and would like to welcome them to the Premia Foods family. We are also very pleased over the active participation of our own employees in the subscription for the shares. In Estonia about 13% of our local employees subscribed for the shares” stressed Mr Kuldar Leis, the Chairman of the Management Board of AS Premia Foods. The head of the Baltic capital markets of Swedbank Markets, Mr Mihkel Torim, noted that the interest of investors in Estonian companies is growing and that it is good to see that the local capital market is strengthening and supports local enterprises. On 21 April 2010 the extraordinary general meeting of AS Premia Foods adopted a conditional decision to increase the share capital of AS Premia Foods and granted the Management Board of AS Premia Foods the right to issue up to 14 500 000 new ordinary shares of AS Premia Foods. The conditional increase of the share capital of AS Premia Foods was entered in the commercial register on 28 April 2010. On 30 April 2010 the Management Board of AS Premia Foods adopted a decision to issue 14 500 000 new ordinary shares of AS Premia Foods to the persons who had subscribed for the shares during the initial public offering. Trading with the shares of AS Premia Foods on the main list of the NASDAQ OMX Tallinn Stock Exchange is estimated to commence on 5 May 2010. Additional information: Kuldar Leis Chairman of the Management Board of AS Premia Foods Phone: 6 033 800 E-mail: kuldar.leis@premia.ee www.premiafoods.eu
Subscription Results of the Initial Public Offering of the Shares of AS Premia Foods
| Source: Nasdaq Tallinn