On November 1st, the European Bank for Reconstruction and Development (EBRD)
exercised the share Put option that was part of the United Utilities (Tallinn)
B.V. shareholders' arrangements and sold its 8.82% indirect shareholding in AS
Tallinna Vesi to United Utilities Group PLC. Through its shareholding in United
Utilities (Tallinn) B.V. United Utilities Group PLC now has an indirect
shareholding in AS Tallinna Vesi of 7,060,000 shares or 35.3% of the share
capital of the company.
As a result of this transaction the EBRD will no longer have any representation
on the Supervisory Council of AS Tallinna Vesi. AS Tallinna Vesi has received
the resignation letter of Matti Hyyrynen.
AS Tallinna Vesi will be organising an Extraordinary General Meeting of
Shareholders in the coming weeks to elect a replacement for Mr Hyyrynen
Priit Koff
Head of Public Relations
AS Tallinna Vesi
+372 62 62 209
Priit.koff@tvesi.ee