Information about mandatory offer of share repurchase
Joint Stock Company “Olainfarm” hereby informs that on 19 July 2021 according to 14 July 2021 Financial Capital Market Commission decision and the official announcement of the publisher “Latvijas Vestnesis” on 16 July 2021, JSC AB CITY will begin the mandatory share repurchase offer process.
The following details of this mandatory share repurchase offer are being published in accordance with Article 73, Section 4 of the Financial Instruments Market Law (“FIML”):
Information about the offer
The Target Company: JSC Olainfarm, registration number 40003007246; legal address: Rupnicu street 5, Olaine, LV-2114, Latvia, phone: +371 67013705, e-mail: olainfarm@olainfarm.com, webpage: www.olainfarm.com.
Offeror
JSC AB CITY, registered on 11.10.2018. with registration number 40203174414; legal address: Ganibu dambis 24D, Riga, LV-1005, Latvia. Offeror has acquired voting rights in the Target company’s shares based on indirect ownership that in total comprise 30.85% of the Target company’s total number of shares with voting rights.
One share repurchase price and methods used to determine the share price
Repurchase price is EUR 9.26 (nine euros and 26 cents) for one share.
To determine the repurchase price per share, the methods specified in Financial Instrument Market Law (FIML) Article 74, Section one. Repurchase price of one share is determined in accordance with the method specified in FIML Section 74, Section one, Paragraph three, that envisages to determine a price of one repurchased share by dividing the Target company’s net assets with total number of shares, net assets to be calculated by subtracting the shares held by the Target company and liabilities from total assets. Method determined in FIML Article 74, Section one, Paragraph three is used by evaluating Offering price compliance with all methods determined in FIML Article 74, Section one and by choosing the method which calculates the highest price for one share to be repurchased.
The share repurchase term and the term of the result announcement
The term for the mandatory share repurchase offer shall be 30 (thirty) days from the day when the Offeror, in accordance with FIML Article 73, Section four, publishes the information regarding the share repurchase offer via official publisher “Latvijas Vestnesis”.
On the last day of the offer maturity, shareholders of the Target Company may refer to the share repurchase offer until 16.00.
Within 5 (five) working days after the expiry of the term of the mandatory share repurchase offer, an offeror shall publish an official announcement via official publisher “Latvijas Vestnesis” regarding the offer results.
An offeror will submit a report regarding the results of the Offer to the Finance and Capital Market Commission, Nasdaq Riga and the Target Company wihin 5 (five) working days after the end of the term of the mandatory share repurchase offer.
Place and time where and when the prospectus can be familiarized
The prospectus will be published on Nasdaq Riga website in accordance with FIML regulations.
The dates of the offer ending, result announcement and settlement implementation
The offer ends on 17 August 2021.
The announcement on the offer result is on 24 August 2021.
Settlement implementation is on 24 August 2021.
Attachment: Joint Stock Company Olainfarm mandatory share repurchase offer prospectus of 30 June 2021 (in Latvian).
Additional information:
Jānis Dubrovskis
Investor Relations Advisor of JSC Olainfarm
Phone: +371 29178878
Email: janis.dubrovskis@olainfarm.com
Attachment
To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
GlobeNewswire by notifiedGlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release
Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a
DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release
Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68
Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release
Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.
Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release
AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us
Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release
VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin