On May 14th 2010, the subsidiary of AS Premia Foods (PF) AS Premia
Tallinna
Külmhoone (PTKH) acquired 5% stake in AS Premia FFL (PFFL) from the
member of
the management board of PFFL Mr. Normunds Ozolinš according the
Share Purchase
Agreement (Agreement) signed on November 1st, 2007. The
purchase price of the
shares was 407 500 EUR. The ownership of the shares was
transferred to PTKH on
May 14th, 2010.
PFFL, registry code 40003483493,
address Meža iela 4, Riga, is the leading
seller of frozen and chilled
products in Latvia.
The purpose of the acquisition is fulfillment of
obligations stipulated in the
Agreement and completion of the transaction. As
according to the Agreement, PF
has already fully consolidated the financials
of PFFL from the date of signing
the Agreement, the current transaction does
not have any effect on the
financials of PF.
The Transaction is a
transaction with a related party within the meaning of the
regulation of
NASDAQ OMX Tallinn Stock Exchange. The members of the
management board and
the supervisory board of PF have no personal interests in
the transaction.
Additional information:
Andri Avila
Premia Foods
CFO
T: +372 6 033
800
andri.avila@premia.ee
www.premiafoods.eu