AS Baltika announces that the Annual General Meeting held on 12 April 2019 approved the amendment of the Articles of Association, which stipulates that the nominal value of the share will be changed from 0.1 euros to 1 euros. Thereafter, all existing ordinary shares will be cancelled and exchanged to the new shares so that each 10 existing shares shall be exchanged to 1 new share. The amount of share capital remains unchanged. In case the shareholder has less than 10 existing shares, the shareholder shall receive 1 new share or in case the shareholder does not have so many shares that the shares can be exhanged by 10:1, the number of shares of the respective shareholder to be exchanged shall be rounded upwards. The existing shares needed to perform such exchange of the shares shall be taken with their consent from the shareholder KJK Fund SICSAV-SIF from their securities account which is held by ING Luxembourg S.A. AIF account.
According to the new Articles of Association and share exchange, the new nominal value of the share is 1 euros and the number of shares issued is 4,079,485.
The Record date for these changes is set to May 2, 2019 at the end of the working day of the securities settlement system which means that the shares of all shareholders holding shares of AS Baltika on May 2, 2019 at the end of the working day of the Estonian register of securities settlement system will be exchanged on May 6, 2019 for new shares so that every 10 existing shares are exchanged 1 new share.
Additional information and key dates:
| Current ISIN code before the nominal value change and exchange of shares | EE3100003609 |
| New ISIN code after nominal value change and exchange of shares | EE3100145616 |
| New nominal value | 1 EUR |
| Number of listed shares after the nominal value change and exchange of shares | 4,079,485 |
| Last trading date in for the previous ISIN before nominal value change and exchange of shares | 29.04.2019 |
| Record date | 2.05.2019 |
| Payment date | 6.05.2019 |
Maigi Pärnik-Pernik
Member of the Management Board
maigi.parnik@baltikagroup.com