Notification of mandatory share repurchase offer of JSC “PATA Saldus”
Joint Stock Company “PATA Saldus” informs that on 18 October 2021, in compliance with the decision of the Council of the Financial and Capital Market Commission dated 12 October 2021 and referring to the notification of 15 October 2021 in the Official Gazette “Latvijas Vēstnesis”, a mandatory share repurchase offer made by “PATA” Ltd. will be starting.
Joint Stock Company "PATA Saldus", unified registration number: 40003020121, legal address: Saldus municipality, Saldus, Kuldīgas street 86C, LV-3801, phone: +371 63807072, e-mail address: email@example.com, website address: www.patasaldus.lv.
Offerer –Limited Liability Company “PATA", unified registration number: 40003448619, legal address: Sigulda municipality, Inčukalna parish, Inčukalns, Miera street 2, LV-2141, makes an offer on its own behalf and, under the agreement of 15/09/2021, on the behalf of following shareholders of the Target Company, who, at the Shareholder General Meeting, where the decision on the exclusion of shares from the regulated market has been made, voted “in favor” in the issue of the exclusion of shares from the regulated market: Limited Liability Company “SALDUS MEŽRŪPNIECĪBAS UZŅĒMUMS”, unified registration number: 48503002883, legal address: Saldus municipality, Novadnieku parish, Mežvidi, "Mežvidi", LV-3801; “Kubit” Ltd., unified registration number: 40103498353, legal address: Riga, Cēsu street 14, LV-1012.
Repurchase price per share and methods used to determine it
The repurchase price is EUR 29,25 (twenty-nine euros twenty-five cents) per share.
The methods specified in Section 74, Paragraph one of the Financial Instruments Market Law have been used to determine the repurchase price. The repurchase price is determined in accordance with Section 74, Paragraph one, Clause 3 and Section 74, Paragraph two of the Financial Instruments Market Law, which provides for that a price of one repurchase share is calculated by dividing the net assets of the Target Company with the number of shares issued. Net assets shall be calculated by deducting from the total assets own shares and obligations belonging to the Target Company. The method specified in Section 74, Paragraph one, Clause 3 and Section 74, Paragraph two of the Financial Instruments Market Law has been selected by assessing the compliance of the Offer Price in accordance with all methods specified in Section 74, Paragraph one of the Financial Instruments Market Law and selecting the method according to which the highest repurchase price per share can be determined.
The term of the share repurchase and the term when the results will be announced
The term of the mandatory share repurchase offer is 30 (thirty) days from the offer, that start on the next working day when the Offeror publishes information on the share repurchase offer in the Official Gazette “Latvijas Vēstnesis” in accordance with Section 73, Paragraph four of the Financial Instruments Market Law.
On the last day of the offer period, the shareholders of the Target Company may refer to the share repurchase offer until 16.00.
The Offeror shall publish an announcement about the results of the offer in the Official Gazette “Latvijas Vēstnesis” within five working days after the day of expiry of the mandatory share repurchase offer.
The Offeror will submit a report on the results of the offer to the Financial and Capital Market Commission, Nasdaq Riga and the Target Company within five business days after the day of expiry of the mandatory share repurchase offer.
Place where and time when becoming acquainted with the prospectus
The prospectus of the share repurchase offer is available on the website of Nasdaq Riga or at the premises of the Joint Stock Company “PATA Saldus”, 86C Kuldīgas Street, from 09.00 to 14.00, by prior appointment by phone (+371) 63807072.
The prospectus according to the rules of Financial Instrument Market Law shall be published on Nasdaq Riga web page.
Dates when the offer will end, when the results of the offer will be announced and when settlements will take place
The offer will end on 16 November 2021.
The Results of the offer will be announced on 25 November 2021.
Settlements will take place on 25 November 2021.
Attached: Prospectus of Mandatory Share Repurchase Offer of the Joint Stock Company “PATA Saldus”
Management Board of “PATA Saldus”, JSC