Latvijas Kuģniecība
THIS COMPANY IS PART OF VENTSPILS NAFTA GROUP THIS COMPANY IS PART OF VENTSPILS NAFTA GROUP
 
 

Notification on shareholders’ pre-emption rights to newly issued shares

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Notification on shareholders’ pre-emption rights to newly issued shares

november 16, 2017 / News

Joint stock company “LATVIJAS KUĢNIECĪBA” with the unified registration number: 40003021108 and legal address: 1 Elizabetes Street, Riga, LV-1010, Latvia (hereinafter – the “Company”) hereby informs that the Company plans to increase the share capital from EUR 60 000 000 (sixty million euro) up to EUR 180 000 000 (one hundred eighty million euro), by issuing 400 000 000 (four hundred million) new B category registered shares in paper form with the nominal value of EUR 0.30 (thirty cents) per share. Each newly issued B category registered share in paper form grants 1 (one) vote at the Company’s Shareholders’ Meeting, as well as grants right to a liquidation quota and a reduced dividend. In order to determine the amount of dividend to be paid for each B category share of the Company, the total amount of Company’s profit to be distributed as dividends shall be divided by the total number of A category shares and B category shares of the Company and result of such division shall be multiplied by 0.9 (zero point nine).

The sales price of each newly issued B category registered share in paper form is EUR 0.71 (seventy-one cent), which consists of nominal value EUR 0.30 (thirty cents) and share premium in the amount of EUR 0.41 (forty-one cent) and is fully payable in cash simultaneously with subscription.

Shareholders can exercise their pre-emption rights to newly issued shares within 15 (fifteen) days starting from the date when this notification is published on the official publisher “Latvijas Vēstnesis”, i.e., from November 16, 2017 till November 30, 2017 (inclusive).

Terms of Share Capital Increase as well as the Issue Prospectus is available on the on website of joint stock company “LATVIJAS KUĢNIECĪBA”: www.lk.lv, as well as at the Company’s legal address: 1 Elizabetes Street, Riga, LV-1010, Latvia.

 

Management Board of joint stock company "LATVIJAS KUĢNIECĪBA"