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Information provided by Chairman of the Management Board of JSC OlainFarm to the news site www.ves.lv.
Emitents Olainfarm, AS (213800WCG52W62ENOP27)
Veids Citi
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Datums 2009-01-14 11:33:15
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Information provided by Chairman of the Management Board of JSC OlainFarm to the news site www.ves.lv.
 
 
On January 13, 2009 Chairman of the Management Board of JSC Olainfarm Mr. Valerijs Maligins disclosed the following previously unreleased information to the news site www.ves.lv:
 
 
 
  • Some Russian medical wholesalers are offering JSC “Olainfarm” to switch payments from Euros to Russian Roubles. Should JSC Olainfarm agree to such proposals the additional currency risk arising for JSC “Olainfarm” will be included in the price of medicines to as large extent as possible.
 
  • Reacting to the changing situation in its main markets JSC Olainfarm has decided to temporarily freeze major investments in capacity raising as well as it has temporarily suspended all activities related to starting the development of new products. Such limitations do not, however, apply to projects and products, development of which is already started.
 
 
Information prepared by
Salvis Lapins
JSC "Olainfarm"
Deputy CFO
tel. +371 6 7013717, + 371 2 6448873
fax. + 371 6 7013777
slapinsh@olainfarm.lv
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