The mandatory share redemption concerning shares of AS

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News Desk 2018
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The mandatory share redemption concerning shares of AS “Rīgas elektromašīnbūves rūpnīca”

       Hereby, AS Rīgas elektromašīnbūves rūpnīca (RER) informs that on 30 May  2018 the mandatory share redemption offer made by Measurestep Enterprises Limited the shares of RER will start based on decision No 84 of 25 May 2018 of the Financial and Capital Market Commission.

       Information about the offer

Target Company: AS Rīgas elektromašinbūves rūpnīca, registration number 40003042006, registered address: Ganību dambis 53, Rīga, LV-1005, Latvia, telephone number: + 371 673811930, e-mail address:  office@rer.lv , web page address:  www.rer.lv .

       Offeror: Company Measurestep Enterprises Limited, registered in the Republic of Cyprus on 3 November 2004 with registration number HE153603 , registered address: Ioanni Kyriakidi, 12A, Apostolos Andreas, P.C. 3067, Limassol, Cyprus . On the date of signing of the prospectus, the offeror directly and indirectly owns in total 97.23 % of the Target Company`s shares with voting rights.

       The buy-back price for one share is set as: EUR 6.51.

The offer term is 30 (thirty) calendar days starting from 30 May 2018 until 29 June 2018 including.

 Attached: Prospectus of the mandatory share redemption offer of AS “Rīgas elektromašīnbūves rūpnīca”

         TAMĀRA ROGOVA          AS "Rīgas elektromašīnbūves rūpnīca"                    tālr. +371 61301847; +371 27001052          E-mail: tamara.rogova@rer.lv

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