Internal information, 2017-06-14 16:06 CEST (GLOBE NEWSWIRE) -- On 14 June, 2017 JSC “Latvijas kuģniecība” (LSC) received a notification from the Vitol Holding B.V. (Vitol Group), that its wholly owned subsidiary, Vitol Netherlands B.V. (Vitol Netherlands), had acquired a material shareholding in LSC. 

According to the notification, Vitol Netherlands has acquired 39,249,118 shares, equivalent to 19.62% of the total voting capital of LSC, for an undisclosed sum with settlement date 15 June, 2017.

Due to the Vitol Group’s existing shareholding of 99,880,361 in LSC, held through its wholly owned indirect subsidiary JSC Ventspils Nafta, the Vitol Group’s total shareholding is equivalent to 69.56% of the voting capital of LSC. 


About JSC “Latvian Shipping Company”

JSC “Latvian Shipping Company” (Nasdaq Riga: LSC1R) is vessel owner in the segment of medium and handy size tankers. The company owns 16 modern vessels employing more than 1300 professional and high-skilled seamen from Latvia. Besides, LSC subsidiary “LSC Shipmanagement” Ltd is technically serving 8 more vessels, thus managing a fleet of 24 vessels. The average age of the LSC fleet is 9 years. All of the vessels have received ISM (International Safety Management) certificates.

         Artis Ozolins, Communications Consultant
         JSC “Latvian Shipping Company”
         Telephone: +371-26179051