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Published: 2021-07-06 15:00:00 CEST
Nasdaq Riga
Announcement from the exchange

FCMC accepts for further evaluation AS "RĪGAS AUTOELEKTROAPARĀTU RŪPNĪCA" takeover bid

On July 5, 2021 the Financial and Capital Market Commission (FCMC) has accepted for further processing application for AS "RĪGAS AUTOELEKTROAPARĀTU RŪPNĪCA" (registration No. 40003030454, legal address Klijānu iela 18, Rīga, LV-1013) mandatory takeover bid by SIA "BH AUTOAPARĀTS" (registration No. 40003396389, legal addess: Klijānu iela 18, Rīga, LV-1013) in accordance with the Law on the Financial Instruments Market Article 66 part (4) point 2.

1. Information about the Offerer, indicating its relationship with AS "RĪGAS AUTOELEKTROAPARĀTU RŪPNĪCA" (Target company):

SIA "BH AUTOAPARĀTS”, registration No. 40003396389, legal address: Klijānu iela 18, Rīga, LV-1013, Latvija.

In the extraordinary shareholder’s meeting of AS "RĪGAS AUTOELEKTROAPARĀTU RŪPNĪCA" on June 28, 2021, a decision was taken to delist shares of AS "RĪGAS AUTOELEKTROAPARĀTU RŪPNĪCA" from the regulated market. According to the information in the prospectus, the following shareholders of AS "RĪGAS AUTOELEKTROAPARĀTU RŪPNĪCA” voted for such a decision:

  1. AS „Baltijas Holdings”, registration No. 40003148033, legal address: Klijānu iela 18, Rīga, LV-1013;
  2. SIA „TEHPROJEKTS”, registration No. 40103020397, legal address: Ūnijas iela 12, Rīga, LV-1084;
  3. SIA „BH AUTOAPARĀTS”, registration No. 40003396389, legal address: Klijānu iela 18, Rīga, LV-1013.

In accordance with the Law on the Financial Instruments Market Article 66 part (4) point 2, SIA  „BH AUTOAPARĀTS”, registration No. 40003396389, legal address: Klijānu iela 18, Rīga, LV-1013, is authorized to announce mandatory takeover bid.

2. The price of one share, according to prospectus, is set at: 0.46 EUR.

3. Term of takeover bid: Takeover bid will last for 30 calendar days, starting on the next working day when Offerer will publish official announcement in the official journal “Latvijas Vēstnesis” informing about the takeover bid.  If the established offer period ends on a Saturday, Sunday, or on a public holiday, then the last day of the offer is considered the next working day.

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