Inactive Instrument

Baltika

Equities

BLT1T

EE3100145616

Apparel & Accessories Retailers

Financial Supervision and Resolution Authority’s exception from mandatory takeover bid

June 08, 2023 at 11:15 am EDT

On 07.06.2023, AS Baltika published an announcement on the transaction between KJK Fund Sicav-SIF (in liquidation) and its subsidiary KJK BLTK Holding OÜ under which KJK BLTK Holding OÜ acquired all shares in AS Baltika previously held by KJK Fund Sicav-SIF (in liquidation) i.e. approximately 89.7% of all votes represented by the shares of AS Baltika.

Further to the information outlined in the 07.06.2023 announcement, AS Baltika hereby notifies that as the transaction described above constitutes an intra-group transaction, the Financial Supervision and Resolution Authority has, by its decision issued on 07.06.2023 on the basis of respective application from KJK BLTK Holding OÜ, made an exception from mandatory takeover bid in accordance with item (1) of § 173 of the Securities Market Act with respect to the referred transaction.

Brigitta Kippak
Chairman of the Management 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