CORRECTION: FCMC allows AS "Talsu mežrūpniecība

Correction: announcement has been supplemented with amendments in the prospectus.  Financial and Capital Market Commission on February 22, 2017 allowed Gatis Štāks to amend AS "Talsu mežrūpniecība" takeover bid rules.  Amendments in AS "Talsu mežrūpniecība" mandatory and final takeover bid prospectus concern article  8.2.2. and 8.2.5. where the ID number of Gatis Štāks and AS "SEB banka" registration number have been corrected.

Financial and Capital Market Commission on February 16, 2017 decided to allow AS "Talsu mežrūpniecība" shareholder Gatis Štāks to announce final takeover bid of AS "Talsu mežrūpniecība" shares. The price of one share in final takeover bid is set to be EUR 2.10.

According to the information provided AS "Talsu mežrūpniecība" shareholder Gatis Štāks owns 95.4% from AS "Talsu mežrūpniecība" total shares with voting rights, he has announced it according to the Law on Financial Instruments Market and in extraordinary shareholders meeting (13.01.2017.) was the only shareholder voting for delisting of AS "Talsu mežrūpniecība" shares from the regulated market. Thus, he has the right to announce the final takeover bid which includes also mandatory takeover bid according to the Law on the Financial Instruments Market.

The takeover bid will last for 30 calendar days. 

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

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