Internal information, 2017-08-23 15:38 CEST (GLOBE NEWSWIRE) -- On 23 August, 2017 JSC “Latvijas kuģniecība” (LSC) received a notification from Vitol Holding B.V. (Vitol Group), that its wholly owned subsidiary, Vitol Netherlands B.V. (Vitol Netherlands), had acquired a material shareholding in LSC.
Vitol Netherlands B.V., in accordance with the 12 July 2017 decision of Financial and Capital Market Commission Nr.111 “About allowing Vitol Netherlands B.V. to make a mandatory buyout offer for the shares of “Latvijas kuģniecība”” has made the mandatory buyout offer for the shares of LSC. After the mandatory buyout offer “Vitol Netherlands B.V.” directly owns 181 583 159 shares of LSC, which equals 90.79% voting capital.
About JSC “Latvian Shipping Company”
JSC “Latvian Shipping Company” (Nasdaq Riga: LSC1R) is vessel owner in the segment of medium and handy size tankers. The company owns 16 modern vessels employing more than 1300 professional and high-skilled seamen from Latvia. Besides, LSC subsidiary “LSC Shipmanagement” Ltd is technically serving 9 more vessels, thus managing a fleet of 25 vessels. The average age of the LSC fleet is 9 years. All of the vessels have received ISM (International Safety Management) certificates.
Artis Ozolins, Communications Consultant
JSC “Latvian Shipping Company”
Telephone: +371-26179051
E-mail: AOzolins@golin.com
www.lk.lv
