AS AB CITY starts the mandatory buy-back of AS Olainfarm shares
08 November 2021 - 6:00PM
AS AB CITY starts the mandatory buy-back of AS Olainfarm shares
In accordance with a decision by the majority
of shareholders at the AS Olainfarm Extraordinary Meeting of
Shareholders held on 14 October 2021, AS Olainfarm shares are being
delisted from the regulated market, and the company’s shares will
no longer be traded on the NASDAQ Riga Stock Exchange. In order to
ensure that AS Olainfarm shareholders have the opportunity to
receive fair value for their shares, the mandatory buy-back of
AS Olainfarm shares is currently taking place. It is
being conducted in accordance with the provisions of the Republic
of Latvia’s Financial Instrument Market Law, and is being overseen
by the Financial and Capital Market Commission (FCMC).
Pursuant to the Financial Instrument Market Law,
the price of one share has been set at EUR 9.26.
All shareholders are entitled to sell their AS
Olainfarm shares as part of the mandatory share buy-back. To
exercise their rights to take part in the mandatory AS Olainfarm
share buy-back, shareholders must approach the custodian of their
securities to submit an order to sell their shares as part of the
mandatory AS Olainfarm share buy-back. You can find out how many
shares you own from the custodian of your securities.
The mandatory share buy-back will conclude on 7
December 2021, and after this date orders from shareholders to sell
their shares as part of the mandatory share buy-back will no longer
be accepted.
With the delisting of AS Olainfarm from the
stock exchange, it will no longer be possible to buy or sell the
company’s shares on the stock exchange at the current market price.
Henceforth if shareholders want to sell their AS Olainfarm
shares, they will have to find a buyer and reach an individual
agreement regarding the share price.
If they have any questions or queries,
shareholders are invited to visit AS Olainfarm’s internet
homepage: www.olainfarm.com.
Information about the share buy-back offer
has been published in the Republic of Latvia’s official publication
Latvijas Vēstnesis, which is available online free of charge at:
vestnesis.lv. The mandatory share buy-back offer prospectus
approved by the Financial and Capital Market Commission is
available on AS Olainfarm’s website:
lv.olainfarm.com and the Nasdaq Riga Stock Exchange
website: nasdaqbaltic.com.
Additional information:
Jānis Leimanis
JSC Olainfarm Management board member
Phone: +371 29269424
Email: janis.leimanis@olainfarm.com
Olainfarm As (LSE:0J1O)
Historical Stock Chart
From Mar 2024 to Apr 2024
Olainfarm As (LSE:0J1O)
Historical Stock Chart
From Apr 2023 to Apr 2024
Real-Time news about Olainfarm As (London Stock Exchange): 0 recent articles
More News Articles