Business
The results of the voluntary takeover bid made of the shares of Aktsiaselts Ekspress Grupp
HHL Rühm Osaühing (the “Bidder”) made a voluntary takeover bid to all the shareholders of Aktsiaselts Ekspress Grupp (“Ekspress Grupp”) for acquiring all the shares of Ekspress Grupp (the “Shares”) not yet in the ownership of the Bidder (the “Bid”). The Bid was made based on the Bid notice (the “Bid Notice”) and the prospectus attached to it (the “Prospectus”, together with the Bid Notice, the “Bid Documents”). The Estonian Financial Supervision and Resolution Authority approved the Bid on 24 No
About this update from Ekspress Grupp As
[{"type":"image","alt":"Ekspress Grupp","displaySize":"","headline":null,"caption":"Ekspress Grupp","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":75,"url":"https://media.zenfs.com/en/globenewswire.com/64d79e632e25c4e0b205acb17deb9a9d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/toXNSBDd67Ia7cYHa9nPhw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEwNTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/64d79e632e25c4e0b205acb17deb9a9d","width":300,"height":75}},"lazy":false},{"type":"text","content":"HHL Rühm Osaühing (the “Bidder”) made a voluntary takeover bid to all the shareholders of Aktsiaselts Ekspress Grupp (“Ekspress Grupp”) for acquiring all the shares of Ekspress Grupp (the “Shares”) not yet in the ownership of the Bidder (the “Bid”). The Bid was made based on the Bid notice (the “Bid Notice”) and the prospectus attached to it (the “Prospectus”, together with the Bid Notice, the “Bid Documents”).","length":414,"tagName":"p"},{"type":"text","content":"The Estonian Financial Supervision and Resolution Authority approved the Bid on 24 November 2025, and the Bid Documents were published on 25 November 2025. The Bid commenced on 25 November 2025 at 10:00 and ended on 22 December 2025 at 16:00.","length":242,"tagName":"p"},{"type":"text","content":"The purchase price offered by the Bidder within the Bid was EUR 1.25 per one Share (the “Purchase Price”).","length":106,"tagName":"p"},{"type":"text","content":"As a response to the Bid the shareholders participating in the Bid decided to sell to the Bidder in total 6,982,181 Shares that corresponds to approximately 22.55% of all the Shares. The Bidder will give its acceptance to conclude the sales contracts with all the shareholders that participated in the Bid on terms provided in the Prospectus.","length":347,"tagName":"p"},{"type":"text","content":"The payment of the Purchase Price to all the shareholders participating in the Bid and transfer of the Shares to the Bidder takes place on 31 December 2025 at the latest (the “Settlement Date”) in accordance with the procedure described in the Bid Documents. On the Settlement Date each shareholder participating in the Bid shall be paid the amount of the Purchase Price corresponding to the number of the Shares sold by that shareholder against the transfer of such Shares.","length":474,"tagName":"p"},{"type":"text",...