Tallinn, Estonia, 2015-12-22 14:01 CET (GLOBE NEWSWIRE) --
The 17 December 2015 Äripäev article, “Kogu tõde Tallinna börsist ehk kuidas oma rikkus 22 kordistada. Valiku küsimus" (Everything you wanted to know about the Tallinn stock exchange, or how to increase your wealth 22-fold. A matter of choice) disclosed incorrect data and misleading information to investors regarding the yield on Merko Ehitus stocks and the value of the company.
The article and the commentary to the article are based on the tables published alongside the same article, headlined “Tallinna börsifirmade aktsiate tootlus alates IPOst” (Yield on stocks of publicly listed companies on the Tallinn exchange starting from the IPO) and “Tallinna börsifirmade aktsiate tootlus järjepidevalt juurde investeerides” (Yield on stocks of publicly listed companies on the Tallinn exchange with regular additional investment), the source of which is Nasdaq Tallinn.
The calculations behind the results published in the article erroneously omit the bonus issue of shares that took place in April 1998 and the call option program for the buyout of AS E.L.L. Kinnisvara shares in July 1999.
In cooperation with Nasdaq Tallinn, AS Merko Ehitus has checked the calculations of the data in the tables published in the article according to the methodology used by Nasdaq Tallinn and obtained significantly different results, which have been accepted by Nasdaq Tallinn as well.
The final value of an AS Merko Ehitus share set out in the table “Yield on stocks of publicly listed companies on the Tallinn exchange starting from the IPO” was shown as 4,562 euros, but the actual value is 19,047 euros – more than four times as much than published earlier.
The final value of an AS Merko Ehitus share set out in the table “Yield on stocks of publicly listed companies on the Tallinn exchange with regular additional investment " was shown as 104,667 euros, but the actual value is 134,230 euros.
Merit Kullasepp
Communication and Marketing Manager
AS Merko Ehitus
Phone: +372 650 1250
E-mail: merit.kullasepp@merko.ee
AS Merko Ehitus (group.merko.ee) consists of Estonia’s leading construction company AS Merko Ehitus Eesti, the Latvian-market-oriented SIA Merks, UAB Merko Statyba that is operating on the Lithuanian market and the real estate development business unit along with real estate holding companies. As at the end of the year 2014, the group employed 765 people and the company’s revenue for 2014 was EUR 252.3 million.
