AS “Storent Investments (hereinafter, Storent Investments) informs that there have been changes in the shareholder structure of Storent Investments, and SIA “Storent Holdings” (registration No. 40203174397, registered address: Matrožu iela 15A, LV-1048, Riga, Latvia) has become the sole shareholder of Storent Investments. Consequently, Storent Investments and its subsidiaries have become part of the newly established holding which includes the largest equipment leasing companies SIA “SELECTIA” and SIA “SELECTIA PLUS”. The new body corporate will enable the companies of Storent Investments group to work considerably more efficiently, and to continue the development. [The structure of the newly established holding is attached as an annex to this notification.] 

With the change of the shareholders of Storent Investments, there have been changes referred to below in the composition of the management board, supervisory board and audit committee of Storent Investments.

Andris Bisnieks has resigned from his position as a member of the management board of Storent Investments. The current management board member Andris Pavlovs of Storent Investments continues to fulfil his duties as a member of the management board.

Burak Dalgin, Nicholas John Kabcenell, and Baiba Onkele have resigned from their positions as members of the supervisory board of Storent Investments. The shareholders’ meeting of Storent Investments has elected a new supervisory board comprised of: Eri Esta (chairman of the supervisory board), Baiba Onkele (deputy chairwoman of the supervisory board) and Andžejs Strazdiņš (member of the supervisory board).

Eri Esta, chairman of supervisory board. E. Esta has more than 20 years of experience in management positions, 17 years of experience in the logistics industry. From 2005 to 2018, E. Esta was the chairman of the board of SIA Rigas osta elevators and from 2007 to 2018 the chairman of the board of SIA Rigas centralas terminals. Since 2012, E.Esta has been the owner of SIA Selectia and since 2018 the owner of SIA Selectia Plus, both companies are engaged in construction equipment rental. Mr. Esta holds an MBA degree from Riga Business School.

Andzejs Strazdins, member of the supervisory board. Mr. Strazdins has 12 years of work experience in logistics companies in various positions and 10 years of work experience in construction equipment rental companies. Andzejs Strazdins is a member of the board of SIA Selectia and SIA Selectia Plus. In addition, since 2021, Mr.Strazdins has been working in the digital freight platform CargoPoint. Mr. Strazdins has a bachelor's degree at Riga Technical University, Faculty of Computer Science and Information Technology.

Baiba Onkele, Andžejs Strazdiņš and Anžela Serkeviča have become members of the audit committee of Storent Investments audit committee. The composition of the audit committee of Storent Investments is as follows: Baiba Onkele (chairwoman of the audit committee), Andžejs Strazdiņš and Anžela Serkeviča.

For more information please contact:

Baiba Onkele

AS Storent Investments CFO

Mobile: + 371 29340012

E-mail: baiba.onkele@storent.com

www.storent.com