Linstow Baltic must pay for the shares in three days.
There are no major changes in the operations of Bišumuižas nami SIA.
The company has no interest bearing debt. There is a non-interest bearing
payable due in 4 months. According to the sales agreement Bišumuižas nami SIA
pays in 4 months to Arco Vara AS and to Mr. Viktors Savins in total EUR 19,22
mln.
Members of the management board are Mr. Viktors Savins and Mr. Joakim Anders
William Blanking. The supervisory board is not yet appointed.
Latest unaudited financials of Bišemuižas nami SIA:
Balance Sheet (th. EUR) 14.05.2007
Cash and bank accounts 2
Other receivables 0
Current assets total 2
Investments 20 000
Total assets 20 002
Liabilities 20 000
Face value of share capital 3
Profit for the period -1
Liabilities and equity total 20 002
Profit & loss statement (th. EUR) 12.10.2006-14.05.2007
Administrative expenses -1
Interest income 0
Net profit -1
1 EUR=15,6466 EEK
Further information:
Heigo Metsoja
+ 372 614 4654
heigo.metsoja@arcovara.ee
Additional information to 29.06.2007 announcement regarding the engagement of a partner to a development project in Riga.
| Source: Arco Vara