On September 28, 2007 Financial and Capital Market Commission took a decision to permit shareholder of JSC “Rīgas Raugs” Jästbolaget AB to extend mandatory takeover bid approving price per share - 6,40 LVL.

 

Management Board of JSC “Rīgas Raugs” has appraised the takeover bid offered by shareholder Jästbolaget AB and came to a conclusion that it satisfies requirements of the legislation.

 

Management Board considers that the takeover bid offered by Jästbolaget AB and it’s execution will have a positive impact on JSC „Rīgas Raugs” because concentration of shares in one’s hands will improve further activity of JSC „Rīgas Raugs”.

 

Management Board of JSC „Rīgas Raugs” appreciates positively the fact that the Offerer doesn’t intend to make any changes in the Management Board as well as employees of JSC „Rīgas Raugs” will keep their work places according to concluded labour agreements.

 

               Shareholders of JSC “ Rīgas Raugs” have a possibility to evaluate the takeover bid offered by Jästbolaget AB and to take a free and economically justified decision if to use it and to sell shares by price determined in takeover bid.