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 granted approval for AS “Latvijas G?ze” to delist its bearer shares (ISIN LV0000100899, ticker GZE1R) from the Baltic Secondary List. The last day for AS “Latvijas G?ze” shares to be listed is set for August 23, 2024.
At the annual general meeting held on June 19, 2024, shareholders of AS “Latvijas G?ze” made the decision to remove the company's shares from the regulated market. As part of this process, a buyback offer was initiated. Following this offer, AS “Latvijas G?ze” now holds 5,553 shares; however, the voting rights attached to these shares cannot be exercised in accordance with Section 240 Paragraph seven of the Commercial Law.
This decision is part of a broader strategy aimed at restructuring the company and sharpening its focus on core operations, free from the obligations that come with being listed.
Board of JSC “Latvijas G?ze”
About JSC “Latvijas G?ze”
Founded in 1991, JSC “Latvijas G?ze” is a prominent player in the Baltic energy sector, providing both wholesale and retail natural gas to business clients in Latvia, Estonia, Lithuania, and Finland. In the residential market, it is recognized as the leading natural gas trader in Latvia. The company has been publicly traded on the NASDAQ Riga stock exchange since February 15, 1999, reflecting its dedication to high standards of transparent governance, accountability, and customer service.
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.
