JSC “Latvijas G?ze” to Leave Baltic Secondary List Soon
Delisting of JSC “Latvijas G?ze” Shares from the Baltic Secondary List
Delisting of JSC “Latvijas G?ze” Shares from the Baltic Secondary List
On August 19, 2024, Nasdaq Riga approved the application submitted by AS “Latvijas G?ze” for the delisting of its bearer shares (ISIN LV0000100899, ticker GZE1R) from the Baltic Secondary List. The final listing day for AS “Latvijas G?ze” is scheduled for August 23, 2024.
During the annual general meeting held on June 19, 2024, AS “Latvijas G?ze” shareholders reached a decision to delist the company's shares from the regulated market. A buyback offer was made as part of the process to remove AS “Latvijas G?ze” shares from the regulated market. Following this offer, AS “Latvijas G?ze” holds 5,553 shares; however, the voting rights associated with these shares cannot be exercised according to Section 240 Paragraph seven of the Commercial Law.
The decision is a move towards restructuring the company and enhancing its focus on core operations without the requirements tied to listed status.
Board of JSC “Latvijas G?ze”
About the JSC “Latvijas G?ze”
Established in 1991, JSC “Latvijas G?ze” stands as a leading entity in the Baltic energy sector, supplying wholesale and retail natural gas to business customers across Latvia, Estonia, Lithuania, and Finland. In the household segment, it is recognized as the most prominent natural gas trader in Latvia. The company has been listed on the NASDAQ Riga stock exchange since February 15, 1999, showcasing its commitment to high standards of transparent governance, responsibility, and customer care.
Further Information:
Sandra Joksta
investor.relations@lg.lv
Phone: +371 67 374 369
Frequently Asked Questions
1. What is the recent decision regarding JSC “Latvijas G?ze” shares?
The recent decision approved by Nasdaq Riga involves the delisting of AS “Latvijas G?ze” shares from the Baltic Secondary List, which will take effect on August 23, 2024.
2. Why did AS “Latvijas G?ze” decide to delist its shares?
AS “Latvijas G?ze” decided to delist its shares as part of a strategic move to restructure the company and focus on its core operations without the obligations associated with being listed on the regulated market.
3. How many shares does AS “Latvijas G?ze” currently hold after the buyback offer?
After the buyback offer, AS “Latvijas G?ze” currently holds 5,553 shares, but the voting rights for these shares cannot be exercised under the Commercial Law.
4. When was JSC “Latvijas G?ze” founded and when did it get listed?
JSC “Latvijas G?ze” was founded in 1991 and became listed on the NASDAQ Riga stock exchange on February 15, 1999.
5. Who can be contacted for further information about JSC “Latvijas G?ze”?
For further inquiries, Sandra Joksta can be contacted at the email investor.relations@lg.lv or by phone at +371 67 374 369.
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