In accordance with the reorganisation process of Latvijas Gāze, all shareholders have to make their choice regarding acquisition of shares of the newly established transmission and storage company prior to the Shareholders’ Meeting scheduled for September 2016, within the framework of which the vote on the company division will be held. Otherwise, in accordance with the Commercial Law, the shareholders will lose the opportunity to acquire shares or compensation.
Latvijas Gāze has a large number of shareholders – about 6 600, a big part of which acquired their shares during the privatisation process in the late 90’s and the early 2000’s. Therefore, even nowadays there are approximately 2 500 shareholders who store their shares in the Initial Register of the Latvian Central Depository (the shares are not transferred to private bank accounts). Unfortunately, a large part of these shareholders have died or simply forgotten about their shares. These shareholders also have not withdrawn dividends, which may be obtained only by transfer of the shares to a securities account in a bank. The total amount of the accumulated dividends is 1.1 million euro or 440 euro for each shareholder on average (the amount depends on the number of shares).
Latvijas Gāze invites all shareholders to apply for the shares of the newly established company by September. Shares will be assigned to those application submitters who will be owners of shares of Latvijas Gāze at the end of the day of scheduled Shareholders' Meeting. Applications for shares can be sent by registered mail, to the e-mail address info@akcionari.lg.lv as electronically signed documents, or submitted in person to the Customer Service Centre in Riga. The Share Application Forms and additional information are available in the section Company Reorganisation on the website.
Vinsents Makaris
Phone: + (371) 67 369 144
E-mail: IR@lg.lv
