FCMC allows SIA "LNK (Latvijas Novitātes Komplekss)" to

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News Desk 2018
FCMC allows SIA "LNK (Latvijas Novitātes Komplekss)" to announce final takeover bid of AS ''LATVIJAS TILTI'' shares

Financial and Capital Market Commission on December 28, 2016 decided to allow SIA "LNK (Latvijas Novitātes Komplekss)" to announce final takeover bid of AS "LATVIJAS TILTI" shares. The price of one share in final takeover bid is set to be EUR 8.81.

According to the information provided, SIA “LNK (Latvijas Novitātes Komplekss)” owns 95.03% from AS “LATVIJAS TILTI” total shares with voting rights, it has announced it according to the Law on Financial Instruments Market and in extraordinary shareholders meeting (05.12.2016.) was the only shareholder voting for delisting of AS “LATVIJAS TILTI” shares from the regulated market. Thus, it has the obligation to announce final takeover bid which includes also mandatory takeover bid  according to the Law on the Financial Instruments Market.

SIA "LNK (Latvijas Novitātes Komplekss)" is authorized to obtain from other shareholders of  AS “LATVIJAS TILTI” 33 224 shares, which have been calculated by  subtracting shares directly owned by the Offerer  from the total number of shares with voting rights. SIA "LNK (Latvijas Novitātes Komplekss)" can not obtain 2013 employee shares since it is not part of the persons having right to obtain AS "LATVIJAS TILTI" employee shares. Thus, in order to perform AS “LATVIJAS TILTI” share buyback EUR 292 703.44 will be needed, which is calculated by multiplying the number of shares to be bought by the number of takeover bid price (33 224 *8.81 ).

 30 calendar day period is given to announce the takeover bid.  

After takeover bid and delisting of AS "LATVIJAS TILTI" shares from the regulated market company will continue its operations according to the approved strategy. Offer won’t affect future activities, employment policy, strategical plans, number of workplaces etc. of AS "LATVIJAS TILTI".

Information available here and here .  

Nasdaq Baltic Issuer Services +371 67212431 www.nasdaqbaltic.com

Nasdaq Baltic is a common name for exchanges, regulated markets, alternative markets First North operated by Nasdaq companies in the Baltic states, i.e. Nasdaq Tallinn AS, Nasdaq Riga, AS and AB Nasdaq Vilnius.

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