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JRV: Transfer of AS Järvenana shares to the Secondary List

Spekuliantai.lt | 2009-09-02 | NASDAQ OMX biržų naujienos | perskaitė: 1538
Raktiniai žodžiai: Järvevana AS, JRV
JRV: Transfer of AS Järvenana shares to the Secondary List

Järvevana Company Announcement 02.09.2009

Transfer of AS Järvenana shares to the Secondary List

On 1 August 2008, the company AS Järvevana was divided in two with a new
company being separated from AS Järvevana, meaning that its assets, liabilities
and contracts, including holdings in other companies and the business name
“Merko Ehitus” - except assets to cover the maximum potential consequences of
the so-called land-swap criminal case, and any potential liabilities resulting
from the criminal case, were transferred to the newly founded company (the new
Merko).

Due to the division of the company, the market value of Järvevana's shares fell
below the required EUR 4 million, stipulated in clause 6.4 of the listing rules
of the stock exchange. On 29 Jan 2009, the Tallinn Stock Exchange submitted to
AS Järvevana its proposal to consider delisting the company's shares from the
Main List and to apply for the re-listing of the shares on the Secondary List.

On 29 June 2009, AS Järvevana submitted their approval for the delisting of the
company's shares from the Main List of the Tallinn Stock Exchange and for the
re-listing of the shares on the Secondary List of the Tallinn Stock Exchange.

On 1 September 2009, the listing and surveillance committee of NASDAQ OMX
Tallinn decided to delist the securities of AS Järvevana from the Main List of
the Tallinn Stock Exchange as of 15 September 2009, and to list the company's
shares on the Secondary List of the Tallinn Stock Exchange starting the same
date.

Toomas Annus
Member of Board
+372 6 805 400
toomas.annus@merko.ee

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