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‘Pata Saldus’ shareholders will decide on listing of shares in the stock exchange alternative market ‘First North’

The shareholders of the logging company “Pata Saldus” will decide on the listing of the company’s shares on the stock exchange at the extraordinary meeting on September 2 “Nasdaq Riga“in the alternative market” First North “, the company said in a statement to the stock exchange.

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The agenda of the extraordinary shareholders’ meeting of “Pata Saldus”, where it will be decided to delist the company’s shares from the Nasdaq Riga stock exchange, was supplemented with the issue of starting trading of the company’s shares on the “Nasdaq Riga” alternative market “First North”.

An additional question has been included at the request of the Board of Pata Saldus.

The share capital of “Pata Saldus” is 579,916.4 euros, which consists of 828,452 shares with a nominal value of 0.7 euros, including 54,180 shares are staff shares, which can be acquired only by the company’s employees, board and council members or the company itself. 774,272 shares are included.

The largest shareholders of the company are SIA “Saldus mežrūpniecības uzņēmums” (44.38%), the real beneficiary of which is Uldis Mierkalns, SIA “Kubit” (27.82%), the sole owner of which is Mierkalns, and SIA “Pata” (22.93%), which also belongs to Mierkalns.

It has already been reported that in 2020, “Pata Saldus” had a turnover of 57.618 million euros, which is 0.4% more than in 2019, as well as the company earned a profit of 5.4 million euros as opposed to losses a year earlier.

The alternative market “First North” does not have the status of a securities market regulated by the European Union. Companies listed on the First North market are bound by the First North rules, but are not subject to the requirements for companies listed on a regulated market.

Pata Saldus shares have been listed on the Nasdaq Riga stock exchange since November 14, 1995.

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