COBALT advised AS Ekspress Grupp in connection with option programs

COBALT advised AS Ekspress Grupp, the leading Baltic media group listed on the Tallinn Stock Exchange, in connection with realisation of the employees’ share option program and the setting up of a new option program. For the purpose of realization of the current option program, AS Ekspress Grupp increased its share capital by issuing one million new ordinary shares with a nominal value of 0.6 euros per share. LHV Pank was involved as the arranger in carrying out the issue.

COBALT advised the client on structuring the issue of the shares under the option program, the drafting of the share capital increase documentation and of the agreement to be concluded with LHV Pank, and the preparation of the terms and conditions of the new option program.

The COBALT team advising the client included partners Marina Kotkas and Karina Paatsi, senior associates Heili Haabu, Tõnu Kolts and Mattias Tammeaid.

See also the stock exchange release HERE.