On July 7, 2014, the decrease of share capital of Tallinna Kaubamaja AS was registered in the Commercial Register based on the resolutions adopted by the General Meeting of Shareholders of the company held on March 27, 2014. The new registered share capital of Tallinna Kaubamaja AS is 16,291,680 euros, which is divided into 40,729,200 shares with nominal value of 0.40 euros per share.
According to the Commercial Code, payments may be made to the shareholders upon a reduction of share capital no earlier than three months after entry of the reduction of share capital in the Commercial Register. Subsequently, the monetary payments in the amount of 0.20 euros per share, related to the reduction of share capital shall be effected to the shareholders on October 7, 2014. List of shareholders entitled for the payments from the reduction of share capital was fixed on April 10, 2014, at 11:59 p.m.
Raul Puusepp
Chairman of the Board
Phone: +372 731 5000