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JSC
“Ventspils nafta” hereby provides information in respect of the
final repurchase bid expressed by shareholder Euromin Holdings
(Cyprus) Limited which commenced on December 18,
2015.
Pursuant to information already published, the price of one share
according to mandatory and final shares repurchase bid prospectus
(“Prospectus”) is set at EUR 4,56 and the term of the bid expires
on January 18, 2016 (inclusive).
In accordance with the published Prospectus, the payment for the
shares will be performed by AS “LHV Pank” as intermediary within
five days
after the expiry of the offer period. If the term for payment falls
on a weekend day or public holiday, the next business day shall be
regarded as the payment day.
Therefore the payment to the shareholders for the shares will be
performed on January 25, 2016.
The procedure for acceptance of the offer by shareholders and
information on the settlement (payment) process is outlined in the
Prospectus.
Information about the repurchase bid:
1) The respective company is JSC “Ventspils nafta”, registration
number: 50003003091, legal address: Elizabetes 1, Riga, LV-1010,
phone: +371 67715910; fax: +371 67715920, e-mail: riga@vnafta.lv,
web: www.vnafta.lv.
2) Offeror: Euromin Holdings (Cyprus) Limited, registration number:
HE 69529, registration date: March 13, 1995, legal address: 58 Arch
Makarios III Avenue, Iris Tower, Office 602, Nicosia, Cyprus.
As of the day of prospectus the offeror owns 103 421 373 (98.99%)
of JSC “Ventspils nafta” shares.
3) The price of one share in prospectus is set at: EUR 4,56
4) The period of repurchase bid is 30 days commencing on December
18, 2015 (until January 18, 2016, inclusive).
About
JSC “Ventspils nafta”
JSC
“Ventspils nafta” is one of the largest groups of companies in
Latvia and works in the petroleum product transport, transhipment,
storage and shipping sector. JSC “Ventspils” nafta is the Group’s
parent company, which manages investments in subsidiary companies,
by promoting the Group’s joint values and growth in value of each
individual company.
JSC
“Ventspils nafta” owns 51% in “Ventspils nafta terminals” Ltd,
which is the largest crude oil and petroleum product terminal in
the Baltics; 66% in “LatRosTrans” Ltd, which is a Latvian-Russian
joint venture in the Baltics; 49.94% in JSC “Latvijas kugnieciba”,
which is among the largest ship owners in the world in the
medium-sized and handy tankers category.
Shares
of JSC “Ventspils nafta” (NASDAQ RIGA: VNF1R) are quoted in the
Baltic Main List of the stock exchange NASDAQ Riga since October
20, 1998.
Jānis
Andžāns, Communication Consultant
JSC
“Ventspils nafta”
Phone:
+371-29449177
E-mail:
janis.andzans@mccannconsulting.lv
www.vnafta.lv
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