Statement by the Board of the Joint Stock Company “Latvijas Gāze” on the share buyback offer for delisting from the regulated market
July 30 2024 - 9:00AM
UK Regulatory
Statement by the Board of the Joint Stock Company “Latvijas Gāze”
on the share buyback offer for delisting from the regulated market
On July 24, 2024, the Supervisory Committee of
the Bank of Latvia decided to permit the Joint Stock Company
"Latvijas Gāze", registration No. 40003000642, legal address: 6
Aristida Briāna Street, Riga, LV-1001 (hereinafter – the Offerer),
to make a share buyback offer (hereinafter – the Offer) to the
shareholders of the Joint Stock Company "Latvijas Gāze",
registration No. 40003000642; legal address: 6 Aristida Briāna
Street, Riga, LV-1001 (hereinafter – the Company), in connection
with delisting from the regulated market, approving a buyback price
of 3.35 EUR (three euros thirty-five cents) per share.
The Board of the Company provides the following
opinion under Section 28 of the Share Buyback Law.
The Offerer intends to continue the current
business of the Company and no changes in business line or location
are planned. The present activities and plans of the Company will
remain in place. As a further positive, the employees of the
Company keep their jobs under their employment contracts. The Board
also welcomes that the Offerer does not intend to merge or
otherwise reorganise the Company and does not intend to make
changes in the composition of the Board and Council of the
Company.
The Board of the JSC “Latvijas Gāze”
About the JSC “Latvijas Gāze”
Founded in 1991, the JSC “Latvijas Gāze” is
one of the leaders of the Baltic energy sector and provides the
wholesale and sale of natural gas to business customers in Latvia,
Estonia, Lithuania and Finland. In the household segment, the JSC
“Latvijas Gāze” is the largest and most prominent natural gas
trader in Latvia. The company has been listed on
the NASDAQ Riga stock exchange since February 15, 1999 – a proof of
high standards in terms of transparent governance, responsibility
and care for its customers, investors, and the society as a
whole.
Further information:
Sandra Joksta
investor.relations@lg.lv
phone + 371 67 374 369
- Statement by the Board of the Joint Stock Company “Latvijas
Gāze” on the share buyback offer for delisting from the regulated
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