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International Internet Magazine. Baltic States news & analytics Monday, 21.09.2020, 16:36

Main shareholder in Latvia's Talsu Mezrupnieciba set to make mandatory final buyout offer

BC, Riga, 23.01.2017.Print version
Gatis Staks, the biggest shareholder in the Latvian wood-processing company Talsu Mezrupnieciba, has asked the financial watchdog, the Finance and Capital Market Commission, to approve his mandatory final buyout offer to other shareholders, the watchdog announced on the website of the Central Storage of Regulated Information.

The prospectus lists the buyout price at EUR 2.1 per share. The shareholders will be able to accept the buyout offer within 30 days after publication of the offer in the official newspaper, Latvijas Vestnesis, provided that the Finance and Capital Market Commission approves the offer.

With 472,938 shares or 95.41%t, Staks is the biggest shareholder in Talsu Mezrupnieciba.

Shareholders of Talsu Mezrupnieciba at an extraordinary meeting on January 13 decided to support delisting of the company's shares from the Nasdaq Riga stock exchange.

The total number of voting shares in the company is 495,699, including 230,000 shares that are on public turnover. Talsu Mezrupnieciba is quoted on the Secondary List of the Riga bourse.

In the first nine months of 2016 Talsu Mezrupnieciba generated EUR 2.381 mln in turnover, which is by 18.3% less than in the respective period in 2015, while the company's profit rose 14.1% to EUR 60,046.

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