The joint stock company’s “Latvijas kuģniecība” (LK) extraordinary shareholders’ meeting today, 17 December 2010 did not take place, therefore any statements about a meeting held in a minibus are not just absurd but untrue and such activities are to be regarded as illegal. LK Supervisory Council and Management Board carry on their everyday work. LK has informed all its shareholders pursuant to procedure prescribed by law that the extraordinary shareholders’ meeting will be held on 28 January 2011 in the Ventspils Business Centre, 23 Ostas Street, Ventspils.

 

LK since yesterday has been notifying all its shareholders that the previously announced extraordinary shareholders’ meeting today, 17 December 2010 will not be held due to emergency conditions. Due to this emergency situation the LK Management Board by objective considerations was not able to ensure course of the meeting and prior to the opening of the meeting of stockholders to compile a list of the stockholders who are participating in the meeting pursuant to Section 278 of the Commercial Law of the Republic of Latvia, as well as Chairman of the Supervisory Council was not able to open the meeting. LK management Board has assigned the responsible bodies to carry out extended official investigation of the incident.

 

LK would like to draw attention of all shareholders and government institutions to the fact that neither the registration of shareholders, nor the meeting itself took place in the venue and time provided in the announcement of the meeting. It is proved by a sworn bailiff who has drawn up a respective deed confirming the fact. Any speculations about as if legally held shareholders’ meeting are unjustified and illegal.

 

LK Management Board and Supervisory Council will continue their operation in order to ensure consideration of all shareholders’ interests.

 

 

 

Additional information:

Ģirts Apsītis

Adviser of the Chairman of the Management Board

Latvian Shipping Company

Phone: +371 67020126

E-mail: ir@lscgroup.lv