Daugavpils, 2017-09-05 08:17 CEST (GLOBE NEWSWIRE) --
To the shareholders of AS “Daugavpils Lokomotīvju Remonta Rūpnīca”
Information regarding issues on the agenda of the extraordinary shareholders meeting of 07.09.2017.
According to the Commercial law, if a shareholder has submitted a written request to the management board at least seven days before the shareholders meeting, not later than three days before the shareholders meeting, the management board must provide to it all the requested information regarding the issues included in the agenda.
Taking into account the above mentioned provisions of the law and the requests received from the shareholders of AS “Daugavpils Lokomotīvju Remonta Rūpnīca” (the “Company”), the management board hereby provides the following information:
- It has been offered to exclude the shares of the Company from the regulated market in order to minimise the Company’s costs. There are no material benefits from participation in the stock exchange, attraction of financial means trough the stock exchange is not happening in practice. The fact that the shares will be delisted will not have any impact on the Company’s clients, business partners or the employees, but the Company will be able to save money.
- The process of delisting of the Company’s shares will be performed strictly in accordance with the provisions of the Financial Instruments Market Law.
- There will be no changes in the share capital of the Company due to the delisting of the Company’s shares. Unless the Company’s shareholders decide to alienate their shares, the shareholding structure of the Company will not change. Increase or decrease of the share capital of the Company is in the sole competence of the shareholders’ meeting. The management board is not aware of any intention of the shareholders to increase or decrease the share capital of the Company.
- There is no intention to list the Company’s shares in another stock exchange.
- The delisting process has no impact on the relationship between the shareholders or the relationship between shareholders and the Company.
- Under the credit agreements concluded by the Company, the delisting process is not considered as event of default.
- The delisting process is described by the law and therefore legally acceptable. Before the shares of the Company are excluded from the regulated market, the Company is obligated to make all outstanding payments to the stock exchange and the Latvian Central Depositary (if any). The shareholders of the Company may express their opinions on the necessity to delist the shares during the extraordinary shareholders meeting. The respective decision will be made by voting.
Natālija Petrova
Member of the Board
t. 65404420, petrova@dlrz.lv