Conclusion on mandatory takeover bid


Liepaja, 2015-02-11 08:31 CET (GLOBE NEWSWIRE) -- On 29th January, 2015 the Financial and capital market commission has adopted a decision No. 14 to permit limited liability company „LAP1R”, registration number: 40103190465, legal address: Dzirnavu Street 68 k-2, Riga, LV-1050, to express a compulsory stock of joint stock company’s “LIEPAJAS AUTOBUSU PARKS”, registration number: 40003015652, legal address: Cukura Street 8/16, Liepaja, LV-3414, redemption offer.
On 4th February, 2015 information is published in the official journal „Latvijas Vēstnesis” according to the paragraph four of the Article 73 of the Financial Instrument Market Law.
The redemption price of one share of joint stock company „LIEPĀJAS AUTOBUSU PARKS” is stated in the amount of EUR 6,54.
The board of joint stock company „LIEPĀJAS AUTOBUSU PARKS” has assessed the compulsory stock redemption offer of limited liability company „LAP1R” and admits that the offer corresponds to laws and regulations.
Limited liability company „LAP1R” has acquired 49,99% of joint stock company’s „LIEPĀJAS AUTOBUSU PARKS” shares. The board of joint stock company „LIEPĀJAS AUTOBUSU PARKS” is of the opinion that there will be no changes after the compulsory stock redemption offer, taking into account that this shareholder will continue started activities of the company and concluded contracts of employment. Therefore joint stock compan „LIEPĀJAS AUTOBUSU PARKS” will continue the commercial activity at the same place and extent.

The board of joint stock company „LIEPĀJAS AUTOBUSU PARKS”