Tallinn, Estonia, 2021-02-03 15:25 CET -- Nasdaq Tallinn decided on February 3, 2021 to apply observation status to AS Tallinna Vesi shares (TVEAT, ISIN code: EE3100026436) based on the section 3.5.4.6.of chapter Supervision of the rules and regulations in relation to the announced intention of takeover offer to the shareholders. Based on sub-sections of the clause 3.5. of the Supervision Rules of Nasdaq Tallinn, the Exchange has the right to add an observation status to a share and to the trading information displayed on the web site to draw the market participants' attention to significant circumstances related to a security or an issuer. According to Supervision Rules clause 3.5.4.6 the observation status can be added in the case of making takeover offer to the shareholders of the issuer or announcing the intention of such an offer. Today, on February 3, AS Tallinna Vesi disclosed information about contemplated changes in the structure of shareholders with substantial shareholdings and the intention of making tender offer to the shareholders of the issuer by City of Tallinn and Osaühing Utilitas after completion of the transaction. The completion of the transaction is subject to the receipt of the approval of the Estonian Competition Authority and subject to approval by Financial Supervisory Authority. Nasdaq Baltic Issuer Services +372 640 8800 www.nasdaqbaltic.com Nasdaq Baltic is a common name for exchanges, regulated markets, alternative markets First North operated by Nasdaq companies in the Baltic states, i.e. Nasdaq Tallinn AS, Nasdaq Riga AS and AB Nasdaq Vilnius.
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