1. Target company
JOINT STOCK COMPANY “LATVIJAS KUĢNIECĪBA”, registered in the Commercial Register of the Republic of Latvia on 17 November 2004 with registration number 40003021108, legal address at 1 Elizabetes Street, Riga, LV-1010, Latvia, telephone number: +371 67 020 111, fax number: +371 67 828 106, e-mail address: lsc@lscgroup.lv, website address: www.lk.lv (hereinafter – the “Target Company”).
2. The performer of final share buy-out
Vitol Netherlands B.V., a company duly registered under the laws of the Netherlands and entered into the Business Register of the Netherlands on 1 October 1999, registration number: 24296371, registered address at K.P. van der Mandelelaan 130, 3062MB Rotterdam, Netherlands (hereinafter – the “Offeror”).
On the date of signing of this final share buy-out prospectus (hereafter – the “Prospectus”) the Offeror owns Target Company’s 182 367 467 (one hundred eighty-two million three hundred sixty seven thousand four hundred sixty seven) dematerialized bearer shares with voting rights and nominal value of each share EUR 0.30 (thirty cents) (hereafter – “A category shares”), as well as 399 999 830 (three hundred ninety-nine million nine hundred ninety-nine thousand eight hundred thirty) registered shares in paper form with voting rights and nominal value of each share EUR 0.30 (thirty cents) (hereafter – “B category shares”), that form all together 97.06% (ninety-seven point zero five percent) of the Target Company’s share capital and the total number of shares with voting rights (hereafter – “Shares”).
3. Buy-out price of one share
The buy-out price of one both A category and B category share of the Target Company is EUR 0.71 (seventy-one cent).
The buy-out price of one Share of the Target Company has been determined pursuant to Paragraph 5 of Section 81 and Paragraph 1 of Section 74 of the Financial Instruments Market Law and conforms with Subparagraph 3 of Paragraph 1 of Section 74 of the Financial Instruments Market Law – Share price, that is calculated by dividing the Target Company’s net assets with the total number of issued Shares.
4. Record date and payment date
Record date for the Share final buy-out is the 10th business day, counting from the day the Offeror has published information regarding the Share final buy-out in the official publisher “Latvijas Vēstnesis” in accordance with the Paragraph 7 of Section 82 of the Financial Instruments Market Law (hereinafter – the “Record Date”). Considering that information regarding the Share final buy-out in the official publisher “Latvijas Vēstnesis” has been published on January 29, 2018, the Record date is February 9, 2018.
Payment date is the next business day after the Record Date, i.e., February 12, 2018.
5. Other relevant information
The Prospectus can be familiarized with and received at the Target Company, located at 1 Elizabetes Street, Riga, LV-1010, Latvia, until Record Date, on business days from 9.00 till 17.00.
The Prospectus shall also be placed onto the website of AS “Nasdaq Riga”: www.nasdaqbaltic.com in accordance with the procedure and within the time-limit set by the Financial Instruments Market Law.
Additional information:
Elīna Dobulāne
Communications Consultant
JSC Latvian Shipping Company
Phone: +371-25959447
Email: EDobulane@golin.com
Web: http://www.lk.lv/en/
