Riga, 2016-10-19 15:36 CEST (GLOBE NEWSWIRE) -- On 19 October 2016 Shareholders’ Meeting of Latvenergo AS adopted a resolution on amending paragraph 2 of the resolution passed by the Shareholders’ Meeting of Latvenergo AS on 5 May 2016 “On approving distribution of the net profit of Latvenergo AS for the year 2015” (please see No 5 in the link) by stating the paragraph as follows:
2) EUR 17,120,530 to be transferred to Latvenergo AS reserves with a purpose to decide on their pay-out to the state in dividends, by adopting such decision along with a decision on distribution of the profit of Latvenergo AS for the year 2016.
Additional information:
Jānis Irbe
Group Treasurer
Phone: +371 67 728 239
E-mail: investor.relations@latvenergo.lv
About Latvenergo
Latvenergo Group is a pan-Baltic energy company, engaging in electricity and thermal energy generation and supply, electricity distribution services and lease of transmission system assets. Latvenergo Group holds one-third of the entire Baltic electricity market, thus ensuring its leadership in the Baltic electricity supply. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several years in a row. International credit rating agency Moody’s has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.
Latvenergo Group includes the parent company Latvenergo AS (electricity and thermal energy generation and supply) and its subsidiaries Latvijas elektriskie tīkli AS (lease of transmission system assets), Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (electricity supply in Estonia), Elektrum Lietuva UAB (electricity supply in Lithuania), Enerģijas publiskais tirgotājs AS (administration of electricity mandatory procurement process) and Liepājas enerģija SIA (electricity and thermal energy generation and supply).