Inactive Instrument

Baltika

Equities

BLT1T

EE3100145616

Apparel & Accessories Retailers

Application for the transfer of minority shares to the majority shareholder

August 28, 2023 at 03:45 am EDT

In connection with the proposed completion of the takeover of the shares held by the minority shareholders, which is planned to take place via Nasdaq CSD on 29.08.2023, the management board of Aktsiaselts BALTIKA (hereinafter "Baltika") has today, on 28.08.2023, submitted an application for the transfer of the shares held by the minority shareholders to the majority shareholder, KJK BLTK Holding AS, for compensation of EUR 0.08 per share, in accordance with the resolution of the extraordinary general meeting of shareholders of Baltika held on 27.07.2023.

The settlement of the shares and the compensation payable for the shares is scheduled to take place on or around 29.08.2023. The settlement of the transaction will be effected automatically and no steps need to be taken by the minority shareholders for the purposes thereof.

Brigitta Kippak
Chairman of the Board, CEO
brigitta.kippak@baltikagroup.com

Latest news about Baltika

KJK BLTK Takes Full Control of Estonian Fashion Company Baltika	23-08-29	MT
KJK BLTK Holding OÜ completed the acquisition of AS Baltika in a reverse merger transaction.	23-08-28	CI
Baltika Controlling Shareholder to Acquire Minority Interest	23-08-28	MT
KJK BLTK Holding OÜ signed an agreement to acquire AS Baltika in a reverse merger transaction.	23-06-25	CI
AS Baltika Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-31	CI
AS Baltika Auditor Raises 'Going Concern' Doubt	23-04-27	CI
AS Baltika Reports Earnings Results for the Fourth Quarter Ended December 31, 2022	23-02-28	CI
AS Baltika Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-28	CI
Estonia's Baltika, Kalaport Win Court Approval for Deal to Resolve Legal Dispute	23-01-11	MT
AS Baltika Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-04	CI
AS Baltika Appoints Margus Olesk to Its Management Board, Effective 1 November 2022	22-10-18	CI
Baltika Sells Some of Ivo Nikkolo Trademarks, Which It Continues to Use Under an Exclusive License	22-08-08	CI
AS Baltika Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-07-18	CI
AS Baltika Announces Executive Changes	22-06-22	CI
AS Baltika Announces Executive Changes	22-06-22	CI
AS Baltika Auditor Raises 'Going Concern' Doubt	22-06-20	CI
AB InBev to sell interest in Russia with $1.1 billion charge	22-04-22	RE
AB InBev to sell interest in Russia with $1.1 bln charge	22-04-22	RE
Brewer AB InBev to sell its interest in Russia	22-04-22	RE
Carlsberg expects $1.4 bln Russia writedown and lowers profit guidance	22-04-21	RE
AS Baltika Reports Earnings Results for the First Quarter Ended March 31, 2022	22-04-18	CI
AS Baltika Reports Earnings Results for the Full Year Ended December 31, 2021	22-02-28	CI
AS Baltika Reports Earnings Results for the Fourth Quarter Ended December 31, 2021	22-02-28	CI
AS Baltika Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-10-19	CI
AS Baltika Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-10-19	CI

Chart Baltika

Duration

Period

More charts

Company Profile

Baltika AS is an Estonia-based company that specializes in the design, development, production and sales arrangement of the fashion brands of clothing. The Company operates under the brands of Monton, Mosaic, Baltman and Ivo Nikkolo. Its products are traded domestically as well as in Latvia, Lithuania, Poland, Ukraine and Russia. As of end of December 31, 2011, the Company had 115 stores in six markets in the Baltics and Central and Eastern Europe. As of December 31, 2011, Baltika AS was a parent company of the Baltika group, which consisted of the Company and its subsidiaries, including Baltika Poland Sp zoo, OY Baltinia AB, Baltika Sweden AB, OU Baltika Tailor, AS Virulane, OU Baltika TP and OU Baltika Retail and its subsidiaries OU Baltman, SIA Baltika Latvija, UAB Baltika Lietuva, OOO Kompania Baltman Rus and Baltika Ukraina Ltd. . On June 21, 2012, the Company merged with its wholly owned subsidiary, AS Virulane.

Sector

Apparel & Accessories Retailers

Calendar

2024-07-17 - Q2 2024 Earnings Release (Projected)

More about the company

Sector Women's Apparel Retailers

	1st Jan change	Capi.
SHIMAMURA CO., LTD.	-1.28%	3.63B
ARITZIA INC.	+21.85%	2.72B
VICTORIA'S SECRET & CO.	-34.33%	1.35B
EEKA FASHION HOLDINGS LIMITED	-10.44%	1.11B
GO FASHION (INDIA) LIMITED	-11.20%	720M
TORRID HOLDINGS INC.	-13.34%	522M
SHENZHEN ELLASSAY FASHION CO.,LTD.	-14.94%	392M
SAI SILKS (KALAMANDIR) LIMITED	-26.56%	357M
HONEYS HOLDINGS CO., LTD.	-2.06%	303M

Women's Apparel Retailers