As previously announced, the private equity fund manager BaltCap group company, SIA "Emsco", registration number: 40203437904, legal address: Jaunmoku iela 34, Rīga, LV-1046 plans to issue voluntary share buyback offer to HansaMatrix shareholders in accordance with the procedures specified in the Share Buyback Law of the Republic of Latvia and has submitted a merger notice to the Competition Council.

The Competition Council, after evaluating the information provided by SIA "Emsco" and other information at the disposal of the institution, concluded that the merger participants and their related companies do not operate in one specific market or a vertically related market. As a result, the market structure will not change, competition will not decrease, and a dominant position will not be created or strengthened in the affected markets in Latvia, where the merger participants operate. Accordingly, on November 28, 2022, the Competition Council made a decision to allow SIA "Emsco" to acquire a sole decisive influence over JSC "HansaMatrix". (more information in Latvian: http://bit.ly/3OImp2U).

In further process, SIA "Emsco" will apply to the Financial and Capital Market Commission to receive permission to make a voluntary share buyback offer.

The voluntary share buyback offer is planned to be made to all JSC “HansaMatrix” shareholders in accordance with the relevant regulations and after receiving all necessary approvals.

BaltCap is the largest and most experienced private equity investor in the Baltic states. BaltCap invests in strong company management teams and companies that have a clear vision for growth not only in the Baltic States, but also internationally. 

Investor and media contact:
Māris Macijevskis, CFA
Management Board Member, Finance director
Phone: (+371) 6780 0002
E-mail: invest@hansamatrix.com
http://www.hansamatrix.com

About HansaMatrix

HansaMatrix is a fast-growing, high-technology company offering product design, industrialization and complete manufacturing services in data networking, Internet of Things, industrial and other high added value business sectors.