ANNOUNCEMENT-TRANSACTION WITH RELATED PARTIES
AS Baltika announces that the Annual General Meeting held on 12 April 2019 approved the amendment of the Articles of Association, which stipulates that the nominal value of the share will be changed from 0.1 euros to 1 euros. Thereafter, all existing ordinary shares will be cancelled and exchanged to the new shares so that each 10 existing shares shall be exchanged to 1 new share. The amount of share capital remains unchanged. In case the shareholder has less than 10 existing shares, the shareholder shall receive 1 new share or in case the shareholder does not have so many shares that the shares can be exhanged by 10:1, the number of shares of the respective shareholder to be exchanged shall be rounded upwards. The existing shares needed to perform such exchange of the shares shall be taken with their consent from the shareholder KJK Fund SICSAV-SIF from their securities account which is held by ING Luxembourg S.A. AIF account.
The list of shareholders for the exchange of shares was fixed on 2 May 2019 at the end of the working day of the settlement system and the shares were exchanged on 6 May 2019 for new shares. According to the calculations carried out, 247 shares for the execution of the shares exchange was taken with their consent from the shareholder KJK Fund SICSAV-SIF from their securities account which is held by ING Luxembourg S.A. AIF account. Prior to the change of the nominal value of shares and the exchange of shares, shareholder, KJK Fund SICAV-SIF, hold on their securities account 15,870,914 shares and after the change of the nominal value of the shares, the exchange of shares and the transfer of the shares needed to exchange the shares, 1,586,845 shares. Members of the Management Board of KJK Fund SICAV-SIF Lauri Kustaa Äimä and Jaakko Sakari Mikael Salmelin are members of the Supervisory Board of AS Baltika.
Member of the Management Board