FCMC allows SIA “BH Autoaparāts” to announce mandatory takeover bid of AS “Rīgas autoelektroaparātu rūpnīca” shares

Financial and  Capital  Market Commission on  July 28 2021  informed  about                        the decision to allow   AS  “Rīgas autoelektroaparātu rūpnīca”  shareholder SIA                            “BH Autoaparāts” to  announce the mandatory takeover bid of  AS                                    “Rīgas autoelektroaparātu rūpnīca” shares.

1. Information about the Offer, indicating its relationship with AS “Rīgas autoelektroaparātu rūpnīca” (Target company):

Shareholders whohave voted for delisting of AS “Rīgas autoelektroaparātu rūpnīca” shares from the regulated market on the extraordinary shareholders meeting held on June 28,2021: SIA”Tehprojekts “, SIA “BH Autoaparāts”  , AS ”Baltijas Holdings .

Pursuant to the Section 66, Paragraf 4, Clauses 1 of the FITL Law, SIA”BH Autoaparāts”( (reg.No.40003396389, legal address: Rīga, Kljānu 18,LV-1013) is authorized to make a mandatory share repurchase offer.

2. The price of one share, according to prospectus, is set at: 0,46 EUR.

Pursuant to the Section 74, Paragraf one of the FITL Law, the price of the one share is set at 0,46 EUR.

3. Term of the share repurchase offer

The offer start date is the next business day after the announcement of the Offer is published in the official journal “Latvijas Vēstnesis” and the offer term expires after 30 calender days, counting from the offer start time.

4. Place and time where and whwn the prospectus can be consulted

You can get acquainted with the prospectus or receive a copy it at the office of JSC“Rīgas autoelektroaparātu rūpnīca”, Klijānu 18,Riga,LV-1013, during the offer period, on working days from 9.00 to 14.00, by prior appointment by phone 29153953.

5. Dates when the offer will end, when the results of the offer will be announced and when settlement will take place

The announcement was published in the official journal “Latvjasj Vēstnesis” on July 29,2021                                                                                                                                                  The offer starts on July 30, 2021.                                                                                                           The offer will end on August 30, 2021.                                                                                           The results of the offer will be announced on September 6, 2021.                                       Settlements will take place on September 6, 2021.

The Board of  JSC“Rīgas autoelektroaparātu rūpnīca”, gunars@tkl.lv, 29234881.