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To decide on the plan, an extraordinary general meeting of the company's shareholders has been called on October 6. 

Exclusion of Rigas Juvelierizstradajumu Rupnica shares from the regulated market is the only topic on the meeting's agenda. 

If the shareholders at the meeting decide to exclude Rigas Juvelierizstradajumu Rupnica shares from the regulated market, in accordance with the Financial Instruments Market Law, those shareholders that will have voted for the exclusion of shares from the regulated market will be obliged to make a mandatory share buyout offer to the other shareholders.

According to estimates by the Rigas Juvelierizstradajumu Rupnica Board, the repurchase price of one share of Rigas Juvelierizstradajumu Rupnica will be not less than EUR 0.2665 per share.

The total number of Rigas Juvelierizstradajumu Rupnica is 4,742,980.

Due to the coronavirus pandemic, Rigas Juvelierizstradajumu Rupnica has seen its losses grow considerably this year. While the company closed the last six months of 2019 with a loss of EUR 28,783, in the first half of this year its loss was EUR 42,239. The company's turnover contracted 19 percent on year, from EUR 412,635 in the first six months of 2019 to EUR 333,584 in the first half of 2020. 

Rigas Juvelierizstradajumu Rupnica shares are quoted on the Nasdaq Riga Secondary List. The company's key shareholders are private individuals.