The FCMC allows JSC “AB CITY” to make a mandatory share repurchase offer for JSC “Olainfarm”
July 15, 2021.
The information was prepared by Aija Brikše, Senior Public Relations Specialist, Communication and Financial Literacy Division, FCMC.
The Financial and Capital Market Commission has decided to allow JSC “AB CITY” to make a mandatory share repurchase offer of JSC “Olainfarm”, as JSC “AB CITY” has acquired voting rights arising from JSC “Olainfarm” shares on the basis of indirect participation, amounting to 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 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”.
Additional information:
Aija Brikše,
FCMC Communication and Financial Literacy Parts
Senior Public Relations Specialist
phone: 67774807
e-pasts: [email protected]
More about FCMC: www.fktk.lv, www.klientuskola.lv,
www.twitter.com/FKTK_LV, www.linkedin.com/company/fktklv/
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