Home » Business » JSC ‘AB City’ has started repurchasing the shares of ‘Olainfarm’ owned by minority shareholders

JSC ‘AB City’ has started repurchasing the shares of ‘Olainfarm’ owned by minority shareholders

From August 19 to 25 of this year, JSC “AB City” offers to buy the shares owned by the shareholders “Olainfarm“shares, informs Agris Dēdelis, the authorized representative of” AB City “” Olainfarm “on the issue of share repurchase.

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The offered price per share is 9.26 euros, which was calculated within the framework of the already completed mandatory share repurchase offer in accordance with the method specified in the Financial Instruments Market Law.

In order to sell the shares of JSC Olainfarm, the shareholders must contact the commercial bank or brokerage company where the securities account is opened and where the shares of JSC Olainfarm are kept.

The shareholder must give a sales order, indicating the number of JSC Olainfarm shares to be sold and the price of 9.26 euros. The commercial bank or brokerage company then submits the client’s order to the stock exchange, while the seller will receive the funds for the shares on the second day after the execution of the transaction on the stock exchange (T + 2).

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