On August 31 the Riga State City Municipality, as the shareholder of Rīgas ūdens SIA, decided to approve the concurrent holding by Imants Paeglītis, Deputy Chairman of the Supervisory Board of Rīgas ūdens SIA, with the position of Member of the Management Board of SIA “AUTESTS”.

Based on the assessment performed, it has been concluded that the concurrent holding of these positions does not give rise to a conflict of interest and does not affect Imants Paeglītis’ ability to perform his duties as a member of the Supervisory Board of Rīgas ūdens SIA.

About Rīgas ūdens SIA:

SIA “Rīgas ūdens” is the largest water utility company in Latvia, providing water abstraction, treatment, and supply, as well as wastewater collection and treatment services in Riga and the surrounding area. The company’s priorities are delivering high-quality services, developing infrastructure, and ensuring sustainable use of resources. Rīgas ūdens SIA is the first municipal company in Latvia to secure financing through the capital market and the first company in Northern Europe to issue bonds in accordance with the European Green Bond (EuGB) Standard.