Tallinna Kaubamaja AS published the Stock Exchange announcement on 12 March 2013, which stated that with the intention of improving the structure and making the administration of Tallinna Kaubamaja group more transparent, merger and division of its subsidiaries shall take place. According to the above mentioned Stock Exchange announcement, AS Tartu Kaubamaja planned to separate and to transfer via division the operating of I.L.U. beauty stores.
On 30 April 2013 the Commercial Register registered division of the subsidiary of Tallinna Kaubamaja AS, AS Tartu Kaubamaja. According to the division plan signed on 12 March 2013 AS Tartu Kaubamaja transferred by division the share of OÜ TKM Beauty (registry code 11431051) to the recipient company, OÜ TKM Beauty Holding (registry code 12466011). OÜ TKM Beauty Holding was entered to the Commercial register also on 30 April 2013. OÜ TKM Beauty Holding is a 100% subsidiary of Tallinna Kaubamaja AS. A division resolution was adopted on 15 March 2013. The share capital of the company being divided does not change.
Today the Commercial Register registered the change in the management bodies of AS ABC King that was also referred to in the 12 March 2013 Stock Exchange announcement. Namely, Raul Puusepp was removed from the management board of AS ABC King as of 29 April 2013 and was elected as the fourth member to the supervisory board of AS ABC King as of 30 April 2013. Enn Parel continues in the management board of AS ABC King; and Jüri Käo, Enn Kunila and Andres Järving continue in the supervisory board.
Raul Puusepp
Chairman of the board
Tel +372 731 5000