The initial public offering of the shares of AS Ekspress Grupp (the “Company”)
ended on 29 March 2007.
The combined offering of the shares of the Company (i.e. the offering to the
public in Estonia and to institutional investors in and outside Estonia)
comprises 5 321 481 new and existing shares, wherefrom 2 873 600 existing shares
are sold by OÜ HHL Rühm and 2 447 881 new shares are issued by the Company.
Additionally, the global coordinator of the offering AS Suprema Securities will
use the right to distribute 798 222 additional existing shares in the course of
the over-allotment.
The offer price of the shares was determined to be EEK 92.30 per share.
In the course of the offering 6 119 703 shares, together with the shares under
the over-allotment option, were distributed. From this amount 4 789 332 shares
(approximately 78%) were allocated in the course of the institutional offering
and 1 330 371 shares (approximately 22%) in the course of the retail offering.
The total demand of shares was approximately 6 times bigger than the number of
shares allocated, whereas the total demand of institutional investors was
approximately 6.8 times bigger than the number of shares allocated to
institutional investors and the total demand of retail investors was
approximately 3.3 times bigger than the number of shares allocated to retail
investors.
Members of the management boards and employees of the Company and its Estonian
subsidiaries and affiliates were allocated the total of 32 909 shares, including
30 526 shares allocated pursuant to the preferred allocation guaranteed to
members of the management board and employees (up to 1 500 shares per each
member of the management board participating in the offering and up to 200
shares per each employee participating in the offering).
Subscribers of Eesti Päevaleht and Eesti Ekspress (including members of the
management boards and employees), having a direct debit agreement in place, were
allocated the total of 929 281 shares, including 689 431 shares allocated
pursuant to the preferred allocation guaranteed to subscribers (up to 200 shares
to each subscriber participating in the offering and per one subscription of
Eesti Päevaleht and one subscription of Eesti Ekspress).
In allocating the shares not allocated in the course of the preferred allocation
the allocation ratio of 27.1% was applied in regard to the subscribers and the
allocation ratio of 13.6% in regard to other retail investors.
Small amount of shares that remained undistributed due to rounding the number of
shares allocated to investors were allocated to investors on random basis.
After the settlement, an investor can obtain more precise information about the
number of shares allocated to him/her/it from the custodian operating
his/her/its respective securities account, in accordance with the terms and
conditions applied by the custodian.
The shares allocated in the course of the public offering shall be transferred
to investors' securities accounts on or about 4 April 2007 through the "delivery
versus payment" method.
Trading in the Company's shares is expected to commence on the Tallinn Stock
Exchange on or about 5 April 2007.
Tallinn Stock Exchange
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