Joint Stock Company Reverta informs that Chairperson of the company’s Management Board Solvita Deglava is leaving her appointment with effect from 30 June 2017. In line with the decision adopted by the Shareholders at the Annual General Meeting, Reverta will continue with a one-member Management Board and Ruta Amtmane will assume the duties of the only Management Board member.
Solvita Deglava emphasises: „I am proud of what we have achieved – together with employees of Reverta we have recovered EUR 754 m or 67 per cent of all 4500 distressed assets left to Reverta after the takeover and split of Parex Bank. These figures are well above initial expectations and above the world averages. Within the allocated period of seven years, we have also sold approximately 1800 real estate properties, we have repaid the state guaranteed syndicated loan in the amount of EUR 245 m, as well as term deposits and interest on subordinated loans in the amount of several tens of millions of euros. I can say with certainty that we have fulfilled our mandate on time and within a reasonable period and will soon be able to commence the liquidation of the company in line with the approved plan.”
“I would like to thank all employees together with whom we have fought for every cent to be repaid to the state, as well as those who have supported us during this complicated and difficult work: supervisory council of the company, shareholders, cooperation partners, supervisory authorities and journalists who have regularly informed the public on Reverta’s operations,” says Solvita Deglava.
According to the Commercial Law of the Republic of Latvia, on 1 July 2017, when the planned liquidation of Reverta commences,
Management Board Member Ruta Amtmane will become Liquidator of the company and will assume all duties necessary to ensure that the operation of the company is ceased by the end of 2017. Additional information: Reverta’s main competencies are loan restructuring, debt recovery and real estate management. According to the Restructuring Plan approved for Parex banka by the European Commission, Reverta’s economic activities will be discontinued at the end of 2017. To learn more about Reverta, please visit our web page: www.reverta.lv. For more information contact: Marita Ozoliņa Head of Communication and Marketing Department Tel.: 67779142 or 29287169 E-mail: marita.ozolina@reverta.lv
