FCMC accepts for further evaluation AS "Olainfarm" takeover bid
On October 21, 2021 the Financial and Capital Market Commission (FCMC) has accepted for further processing application for AS "Olainfarm" (registration no. 40003007246, legal address – Rūpnīcu 5, Olaine, Olaines parish, LV-2114) mandatory takeover bid by AS "AB CITY" (registration no. 40203174414, legal address – Ganību dambis 24D, Riga, LV-1005) 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 "Olainfarm" (Target company):
Offerer - AS "AB CITY" (registration no. 40203174414, legal address – Ganību dambis 24D, Riga, LV-1005). Offerer directly owns 2 583 310 shares of the Target company or 18.34% of the Target company’s total voting shares.
In accordance with the Law on the Financial Instruments Market Article 66 part (4) point 2, Offerer shall announce a mandaotry takeover bid on behalf of the following shareholders, who on October 14, 2021 Extraordinary general meeting of the shareholders of the Target company voted “for” exclusion of the shares of the Target company from the regulated market and authorized Offerer to announce mandatory takeover bid:
1.1. Nika Saveļjeva, who owns 1 265 107 shares of the Target company, which constitutes 8,98% of the total voting shares;
1.2. Anna Emīlija Maligina, who owns 1 263 693 shares of the Target company, which constitutes 8,97% of the total voting shares;
1.3. AS “RĪGAS FARMACEITISKĀ FABRIKA” (registration no. 40003000765, legal address – Ozolu 10, Rīga, LV-1005), which owns 151 384 shares of the Target company, which constitutes 1,07% of the total voting shares;
1.4. OLFIM OÜ (registration No. 14601045, legal address – Männimäe, Pudisoo küla Kuusalu vald, Harju maakond 74626, Estonia), which owns 1 263 718 shares of the Target company, which constitutes 8,97% of the total voting shares
2. The price of one share, according to prospectus, is set at: 9.26 EUR.
3. Term of takeover bid: Takeover bid will last for 30 calendar days, starting on the next working day when Offerer in accordance with the Law on the Financial Instruments Market Article 73 part (4) will publish official announcement in the official journal “Latvijas Vēstnesis” informing about the takeover bid.
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