Skip to main content

Announcement on the entry into force of a court ruling regarding the approval of the reorganization plan and on transaction with related party

Written by Customer Service on . Posted in Public Companies.

 Aktsiaselts BALTIKA (hereinafter “Baltika”) has by way of company announcements announced to the public that Baltika is undergoing reorganization and that the reorganization plan of Baltika has been approved by the court.In light of this, Baltika announces that in the afternoon of 27 August 2020, it was notified that the court ruling regarding the approval of the plan came into force on 26 August 2020.Baltika is sincerely thankful to all its creditors and other partners for their understanding at these difficult times, thanks to which support it is possible to continue the operations and development of the company.Furthermore, Baltika hereby notifies investors that Baltika and its subsidiaries (jointly as “Baltika Group”), AS Kawe and its subsidiaries (jointly as “Kawe Group”) and KJK Fund SICAV-SIF via its holding company (hereinafter “KJK “) have entered into an agreement, in accordance with which KJK acquired from Kawe Group certain claims against Baltika Group. Upon acquiring the claims, the substance of the claims remained unchanged and the only change for Baltika Group is that the creditor of the claims is KJK, instead of Kawe Group. In the opinion of Baltika, the transaction shall not have an effect on Baltika’s profit, assets and liabilities.As KJK Fund SICAV-SIF holds a qualifying holding in Baltika and 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 Baltika, the aforementioned transaction qualifies as a transaction with persons connected with the issuer in the meaning of the rules of Nasdaq Tallinn Stock Exchange.
Flavio PeriniMember of Management Board, CEOflavio.perini@baltikagroup.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.