On the mandatory share repurchase offer

On 12 October 2021, the Financial and Capital Market Commission informed that it had decided to allow the Limited Liability Company “PATA”, (hereinafter - the Offeror), unified registration number 40003448619, to make a mandatory share repurchase offer (hereinafter - the Offer) of the Joint Stock Company  “PATA Saldus”, approving a repurchase price of EUR 29.25 (twenty-nine euros, twenty-five cents) per share for the shares of the Joint Stock Company PATA Saldus.

The Management Board of the Company considers that the Offer complies with the requirements of regulatory enactments.

The announcement about the Offer was published in the Official Gazette “Latvijas Vēstnesis” on October 15, 2021.

The Board Management of the Company evaluates the Offer positively, considering that the Offeror intends to continue the commercial activity performed by the Joint Stock Company “PATA Saldus”, and no changes in the type of activity are planned, the Joint Stock Company “PATA Saldus” will continue to operate in the previous field. It is also planned to continue the existing employment legal relationship with the employees of the Target Company in accordance with the concluded employment contracts. There are no plans to change the location of the Target Company.

The closing of the share repurchase offer will be followed by the exclusion of the shares from the regulated market.

Chairman of the Management Board, G. Zommers
e-mail: info@patasaldus.lv;
Phone: 63807072