Latvijas Gāze Shareholders to Resolve on Excluding Shares from Regulated Market and Loss Protection at June Assembly

AS “Latvijas gāze” shareholders will determine on the exclusion of the corporate’s shares from the regulated market at a gathering on June 19, based on the corporate’s assertion to the “Nasdaq Riga” inventory trade.

On the similar time, a choice will likely be made concerning the conversion of “Latvijas fuel” shares, the brand new model of the statutes and the selection of the first securities deposit the place the shares will likely be registered.

A call can also be anticipated to be made on the settlement of the 2023 report and loss protection. It was already reported that the corporate suffered a lack of EUR 56.911 million final yr.

The agenda additionally contains the election of a sworn auditor and the dedication of wage, in addition to figuring out the wage for the previous member of the board of “Latvijas fuel”.

The shareholders’ assembly will likely be held at Vagonu Road 20, Riga, at 10 am.

LETA already wrote that the online turnover of the LG group was 159.819 million euros final yr, which is 4.4 instances lower than in 2022, when pure fuel costs elevated considerably, and the corporate suffered a loss additionally of 56.911 million euros in comparison with the revenue of the earlier yr. In 2022, the turnover of “Latvijas fuel” was 702.604 million euros, and the revenue – 40.8 million euros.

LG’s largest shareholders are Russia’s Gazprom (34%), Rietumu banka (28.97%), the German firm Uniper Ruhrgas Worldwide GmbH (18.26%) and SIA Itera Latvija (16%).

It was already reported that SIA “Power Investments”, owned by LG board members Aigars Kalvītis, Elitas Dreimanes and Egīls Lapsali, purchased 28.97% of LG shares from “Marguerite Gasoline II”, however to get cash for the following levels of share acquisition, “Power Investments” these shares with redemption rights had been bought to “Rietumu Banka” as financier. The contract for disposal of a monetary instrument supplies for circumstances of disposal for a interval of three years.