FCMC accepts for further evaluation AS „Valmieras stikla šķiedra” takeover bid
On March 1, 2021 the Financial and Capital Market Commission (FCMC) has accepted for further processing application for AS "Valmieras stikla šķiedra" mandatory takeover bid by Duke I S.à r.l. in accordance with the Law on the Financial Instruments Market Article 66 part (4) point 1.
1. Information about the Offerer, indicating its relationship with AS "Valmieras stikla šķiedra" (Target company):
Duke I S.à r.l., registered with reg. No. B247170, registered office: 11-13 Boulevard de la Foire, L-1528 Luxembourg, Grand Duchy of Luxembourg). Duke I S.à r.l. owns 19 872 715 shares of AS "Valmieras stikla šķiedra", which corresponds to 83.14% of the total number of the company shares.
2. The price of one share, according to prospectus, is set at: 0.54 EUR.
AS “Valmieras stikla šķiedra” has been subject to legal protection proceedings, in accordance to the Law on the Financial Instruments Market Article 74, part (7), the share repurchase price in the mandatory takeover bid should be the liquidation value. According to the information provided in the prospectus, the liquidation value is 0 EUR. The offerer proposes to repurchase shares at the nearest monetary value, which corresponds to the average purchase price of the majority stake per share.
3. Term of takeover bid: takeover bid will last for 30 (thirty) calendar days, from the day when information on the takeover bid in the official journal “Latvijas Vēstnesis” is published.
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