“Bank of Latvia Authorizes Final Repurchase of HansaMatrix Shares by SIA Emsco at EUR 8.50 Per Share”

The supervisory committee of the Bank of Latvia has authorized SIA “Emsco” to carry out the final repurchase of the shares of the joint-stock company “HansaMatrix”. The price of one share in the final share buyback is set at EUR 8.50.

The repurchase price of one share is determined on the basis of the third part of Article 33 of the Share Repurchase Law – SIA “Emsco” carries out the final repurchase of the shares of the joint-stock company “HansaMatrix” within three months from the expiration of the voluntary share repurchase offer, in the voluntary share repurchase offer it was offered to repurchase all shares of the joint-stock company “HansaMatrix”, and SIA “Emsco” acquired at least 90 percent of all voting shares of the joint-stock company “HansaMatrix” as a result of the voluntary share buyback offer.

The share buyback law stipulates that a person who has directly or indirectly acquired at least 90 percent of the company’s voting rights can buy back the company’s shares from the other shareholders without the consent of the said shareholders.

SIA “Emsco” obtained 93.1 percent of the voting rights in the joint stock company “HansaMatrix” as a result of the voluntary offer to buy back the shares of the joint stock company “HansaMatrix”.