Expiry of the additional sell-out right of minority shareholders

| Source: Järvevana Järvevana

Tallinn, Estonia, 2014-09-25 15:15 CEST (GLOBE NEWSWIRE) --

At the request by AS Riverito, AS Järvevana informs its shareholders of the following:

  1. On 16 September 2014, AS Riverito published a stock exchange release concerning the results of the voluntary takeover bid and also informed minority shareholders of their right to additional sell-out at the offer price in accordance with § 182-2 of the Securities Market Act (the “Sell-Out Right”).
  2. Today, on 25 September 2014, at the request by AS Riverito, the management board of AS Järvevena called an extraordinary general meeting of shareholders to be held on 30 October 2014 in order to approve the compulsory sale of shares (squeeze-out).
  3. If the general meeting approves squeeze-out, the Sell-Out Right will expire in accordance with § 182-2 of the Securities Market Act on 30 October 2014.
  4. AS Riverito will acquire all shares offered by minority shareholders by exercising the Sell-Out Right in the course of the squeeze-out. The expected date of completion of the squeeze-out is 5 December 2014.

 

Toomas Annus
Member of the Management Board
AS Järvevana
6 805 400