PROLONGATION OF TERM OF OFFERING THE NEW SHARES OF AS TALLINNA MOEKOMBINAAT


Tallinn, 2014-09-30 18:11 CEST (GLOBE NEWSWIRE) -- The 24th of April 2014 shareholders meeting of AS Tallinna Moekombinaat (hereinafter Subsidiary) adopted the resolution to increase the share capital of the Subsidiary.

The Management Board of the Subsidiary decided to prolong the term of offering the new shares of the fourth subscription. New subscription term for subscribing the shares is therefore 14th of October 2014.

AS Pro Kapital Grupp shall inform the investors of the results of the offering of the shares of the Subsidiary after the results of subscription are known.


Additional information:

AS Tallinna Moekombinaat is a company established on 05.03.2008, the main field of activity of the company is the development of shopping center located on Peterburi road 2 Tallinn land plot. The planned shopping centre is one of the most dynamic shopping developments in the Baltics, located on the largest and most modern traffic junction in Tallinn within just a few minutes by car from the city centre and at the starting point of motorways to Tartu, Narva and Pärnu. The Shopping Centre shall accommodate more than 200 shops on ca 55,000 m² of GLA with the anchor tenant Selver hypermarket on ca 6000 m². The shopping centre will become part of the future major public transportation hub in Tallinn. The hub is the most important infrastructural development for the city in the coming years and shall feature, in addition to local connections, a transfer to the airport and the future Rail Baltica international train station.
 

         Iveta Vanaga
         Head of Investor Relations
         Phone: +37129239064
         E-mail: iveta@prokapital.lv