It was decided because JSC “AB City” has acquired the voting rights arising from the shares of JSC “Olainfarm” on the basis of the indirectly acquired participation, which makes up 30.85% of the total number of voting shares of JSC “Olainfarm”.
The price of one share in the mandatory share repurchase offer is set at 9.26 euros.
The prospectus of the mandatory share repurchase offer states that the repurchase of AB City shares will require EUR 90,194,335.34, as 9,740,209 Olainfarm shares could be offered for repurchase.
The repurchase price per share is determined in accordance with the method specified in the Financial Instruments Market Law, which provides for the determination of the price of one repurchased share by dividing the net assets of the target company by the number of issued shares. Net assets are calculated from total assets less the target company’s own shares and liabilities.
The target company is a joint stock company, the shares of which are in public circulation and for the shares of which a repurchase offer has been made, in this case JSC “Olainfarm”.
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