Results of Offering of New Shares of AS Pro Kapital Grupp
The supervisory council of AS Pro Kapital Grupp (register code 10278802, registered address Sõjakooli 11, 11316, Tallinn; hereinafter Pro Kapital Grupp) adopted a resolution at a meeting of the supervisory council on 19 September 2017 to increase the share capital of Pro Kapital Grupp by issuing up to 6,000,000 new ordinary shares of Pro Kapital Grupp. The subscribing of the new shares took place from 20th of September 2017 until 4th of October 2017.
Today the supervisory council of Pro Kapital Grupp decided on the allocation of the subscribed shares to the investors. In total 2,416,232 new shares shall be allocated to the investors with the issue price of EUR 1.80 (EUR 0.20 as the nominal value and EUR 1.60 as share premium) for each share. All investors shall receive the full amount of shares each investor subscribed for. The management board of Pro Kapital Grupp decided to cancel 3,583,768 shares, which were not subscribed for.
Among other investors, member of the management board Paolo Michelozzi, member of the supervisory council Petri Olkinuora, and member of the supervisory council Pertti Huuskonen (through a company Lunacon OY owned by him) also participated in the subscription of the shares, each subscribing respectively 29,000, 30,000 and 13,447 shares.
As a result of the subscription of new shares the share capital of Pro Kapital Grupp will be increased by EUR 483,246.40, i.e. the new share capital will be EUR 11.337.590,80. In total Pro Kapital Grupp will receive gross proceeds of EUR 4,349,217.60 for the subscribed shares.
Paolo Michelozzi, CEO of Pro Kapital Grupp commented on the results of the subscription: "We regard the results of the share subscription positive as, among others, new professional investors have joined AS Pro Kapital Grupp shareholders. We welcome new shareholders as we believe they will add more value to the future of our company.".
Pro Kapital Grupp shall submit an application to the Listing and Surveillance Committee of the regulated market operated by Nasdaq Tallinn AS at the latest on 10 October 2017 for the admission to trading of the 2,416,232 shares that were allocated as a result of the public offering. While every effort will be made and due care will be taken in order to ensure the admission to trading of the shares, Pro Kapital Grupp cannot ensure that the shares are admitted to trading.
On or about 17th of October 2017 the new shares will be transferred to the securities’ accounts of the investors. The planned date for the new shares to be admitted to trading on the regulated market (secondary list) operated by Nasdaq Tallinn AS is 19th of October 2017. Allan Remmelkoor
Member of the Management Board
Tel.: +372 6144 920
Email: prokapital@prokapital.ee
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