On December 17, 2014, JSC “Latvian Shipping Company” received two notifications from Giovanni Fagioli regarding the acquisition of significant indirect shareholding. 

On March 31, 2014, Giovanni Fagioli reached 14.04% of JSC “Latvian Shipping Company” voting shares. However, as of December 4, Giovanni Fagioli indirect shareholding increased up to 14.21% of the share capital of JSC “Latvian Shipping Company” (notifications attached).

About JSC “Latvian Shipping Company”

JSC “Latvian Shipping Company” (NASDAQ OMX RIGA: LSC1R) is among the biggest vessel owners in the segment of medium and handy size tankers and takes leading positions in terms of the transported amount of petroleum products among similar companies in Northern Europe. The company owns 16 modern vessels employing more than 700 professional and high-skilled seamen from Latvia. The average age of the LK fleet is 7 years. All of the vessels have received ISM (International Safety Management) certificates.

Additional information:

Elīna Dobulāne, Communication Consultant

JSC “Latvian Shipping Company”

Phone: +371 25959447

E-mail: elina.dobulane@vnafta.lv

www.lk.lv