On May 8, 2007 an extraordinary General Meeting of Balti Investeeringute Grupi
Pank AS („BIG”) decided to amend the Articles of Association of the company and
to approve the Corporate Governance Report for 2006 according to the
requirements of Tallinn Stock Exchange.
The amendments to the Articles of Association are of technical nature and
related to updating the Articles of Association in compliance with the
requirements of current legislation. The amendments also affect the allowed
types of shares (only one type of common shares) and a better description of the
decision-making processes of the Supervisory Board and Management Board. The
amendments do not affect the rights or obligations of the shareholders or
creditors of the company. The new version of the Articles of Association will
become effective after being approved by the Financial Supervision Authority and
registered in the Commercial Register.
Corporate Governance Recommendations is a set of guidelines and recommendations
and according to the requirements of the Tallinn Stock Exchange the listed
companies must submit a Corporate Governance Report once a year. The listed
companies must comply with the “Comply or Explain” principle.
The new version of the Articles of Association and the Corporate Governance
Report are available on BIG's homepage at www.big.ee.
Additional information:
Targo Raus
CEO
Phone: + 372 735 0923
E-mail: targo.raus@big.ee
