| Emitents | Ventspils nafta, AS |
| Veids | Citi |
| Valoda | EN |
| Statuss | Publicēts |
| Versija | |
| Datums | 2010-10-07 09:21:36 |
| Versijas komentārs | |
| FKTK komentārs |
Financial and Capital Market Commission draws attention that when getting acquainted with publications in the Central Storage of Regulated Information by JSC ''Ventspils nafta'' on 07.10.2010. at 9.21 about the meeting of JSC ''Latvijas kuģniecība'' shareholders', the participants of the financial instruments market should take into account that information on the postponement of the mentioned shareholders' meeting in the Central Storage of Regulated Information was published by JSC ''Latvijas kuģniecība'' on 23.09.2010. (link to website: https://www.oricgs.lv/eri/LSC1R/5710/) and on 07.10.2010. (link to website: https://www.oricgs.lv/eri/LSC1R/5750/). Considering the announcement published by JSC "Latvijas kuģniecība" in the Central Storage of Regulated Information on 23.09.2010, JSC "Nasdaq OMX Riga'' (Riga Stock Exchange) informed about the cancellation of notification on the record date of the mentioned shareholders' meeting (link to JSC ''Nasdaq OMX Riga'' announcement: http://www.nasdaqomxbaltic.com/market/?pg=news&news_id=244358). Financial and Capital Market Commission points out that information in the Central Storage of Regulated Information in the name of JSC ''Latvijas kuģniecība'' may be published only by the JSC ''Latvijas kuģniecība'' representatives who are registered by the Financial and Capital Market Commission as the users of the Central Storage of Regulated Information, i.e. persons duly authorized for dissemination of information by the above joint stock company under the procedure as stipulated by the Law on Financial Instruments Market. Therefore the Financial and Capital Market Commission specifies that the announcements in the Central Storage of Regulated Information published as notifications of JSC ''Latvijas kuģniecība'' on 23.09.2010. at 16.14 and on 07.10.2010. at 13.20 regarding shareholders' meeting, have been published as regulated information of JSC ''Latvijas kuģniecība''. |
| Teksts |
JSC Ventspils nafta (VN) urges government representatives, as well as all shareholders, to be present at the shareholders meeting of JSC Latvijas Kugnieciba (LK) on October 8th, 2010, to focus on reducing the costs of LK management and delivering an efficient and business focused company. As previously stated, the LK Supervisory Council has cost 5 million lats in the last 3 years. In the current economic climate and when benchmarked against other similar companies, VN believes that these costs are unsustainable and not in the interests of any shareholder. The concerns of the State Social Insurance Agency (VSAA) at losing its role in LK, as expressed by the Minister of Welfare Uldis Augulis representing Zalo un Zemnieku Savieniba (ZZS) political party, simply have no grounds, as VN is not planning to support reduction of the number of Supervisory Council members nor changing the articles of the association. However it does believe that LK has to significantly reduce its management costs. VN Supervisory Council sets a good example in that it has 11 members of its Supervisory Council but none receive a salary. Therefore VN believes that an efficient, 12 person LK Supervisory Council with no cost, is the right business model for the future. Since January 2010, VN has expressed its concerns about the high costs and the unprofessional, poor quality management of its associated company LK and has asked for a shareholders meeting to be called immediately. In addition, throughout this year, VN has not had the chance to excersise its shareholder rights. VN remains concerned about the illegal cancellation of the LK shareholders meeting that is due to be convened on 8th October, 2010. In the best interests of all the shareholders in LK and all Latvian taxpayers, VN management believes that now is the time for LK to be run in a professional, efficient, businesslike and low cost manner. To make this happen VN urges all shareholders to be present at the 8th October shareholders meeting, at the time and place that was originally appointed (October 08, 2010 at 10.00 a.m. at the hotel “Monika Centrum Hotels”, 21 Elizabetes Street, Riga). VN also welcomes government representatives to attend as observers at the meeting venue. Ventspils nafta |
| Pielikumi |
|