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Published: 2018-04-06 13:39:33 CEST
Nasdaq Tallinn
Announcement from the exchange

Announcement regarding meeting one of the Approval Conditions of voluntary cash offer to acquire shares of OEG

Date 06.04 2018

On 4 April 2018 Odyssey Europe AS (the "Bidder") launched a voluntary cash offer to acquire shares of Olympic Entertainment Group AS ("OEG" or the "Target Issuer") based on the terms and conditions of the notice of offer ("Notice of Offer") and prospectus ("Prospectus", together with the Notice of Offer the "Offer Documents") as were approved by the Estonian Financial Supervision Authority (the "EFSA") on 2 April 2018 and published on 4 April 2018 on Nasdaq Tallinn Stock Exchange (“Offer”).

According to section 7. 1) of Notice of Offer and section 1.2 para. 1 of the Prospectus, the Offer and the sales agreements entered into with OEG shareholders as a result of their acceptance of the Offer will only be completed if specific independent conditions (the “Closing Conditions”) are met, including, among others, (i) the approval or decision not to oppose the acquisition of qualifying holding of Olympic Casino Eesti AS, a subsidiary of OEG from the Estonian Tax and Customs Board and (ii) the decision not to oppose the proposed indirect acquisition of a qualifying holding of the capital and voting rights in UAB Mecom Grupp, a 100% subsidiary of OEG, from Bank of Lithuania ((i) and (ii) together the "Approval Conditions").

According to section 1.2. of the Prospectus, the Bidder will publish notifications without undue delay on Nasdaq Tallinn Stock Exchange if: (1) all Closing Conditions are met; (2) Approval Conditions or any of them are/is met; (3) the Offer will not be completed due to not meeting one of the Closing Conditions.

Hereby the Bidder announces that on 5 April 2018 the Estonian Tax and Customs Board issued a notice to the Bidder stating that it has conducted a background check on Odyssey Europe AS and as a result, has no objections to the change in the qualifying holding of Olympic Entertainment Group AS. Thus, the Approval Condition set forth under section 7.1 subpara. (i) of Notice of Offer and section 1.2 para. 1 subpara. (i) of the Prospectus has now been met.

  

The Offer Documents are available in electronic form:

 

The Offer Documents are also available on paper at the head office of LHV Bank at Tartu mnt 2, 10145 Tallinn.