Emitents | Olainfarm, AS (213800WCG52W62ENOP27) |
Veids | Citi |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2011-07-21 16:00:49 |
Versijas komentārs | |
Teksts |
Olaine, July 21 2011
“Olainfarm” formulates its opinion about
voluntary buyout offer
Today, on July 21, 2011, Management Board of AS
“Olainfarm” has agreed that the voluntary buyout offer made by
Valerijs Maligins meets all the requirements of the respective
legislative acts. At the same time the Board wants to
emphasize that the price offered reflects neither the current
market price of Olainfarm’s shares nor company’s future development
potential. However, because of the limited liquidity, the
Board assumes that the offer might be taken by holders of larger
blocks of shares, especially if such blocks have been purchased for
a price significantly lower than the current buyout offer price.
Valerijs Maligins himself, who is a Chairman of Olainfarm’s
Board, abstained from voting on Boards opinion about the voluntary
buyout.
Valerijs Maligins has informed the Board that regardless
of the outcome of this offer he does not plan any major changes to
the operations of the Company, AS “Olainfarm” will continue
producing chemical and pharmaceutical products, there are no plans
to relocate it and no major changes are planned to number of staff
or its composition. Mr. Maligins specifically emphasized that he
does not plan to delist the shares of AS “Olainfarm”.
On July 15, 2011 Financial and Capital Markets
Commission passed a decision No.133 allowing Valerijs Maligins, a
shareholder of AS Olainfarm" to announce a voluntary buyout of
shares of AS „Olainfarm”.
A/s Olainfarm is one of the biggest pharmaceutical
companies in Latvia with nearly 40 years of experience in
production of medication and chemical and pharmaceutical products.
A basic principle of company's operations is to produce reliable
and effective top quality products for Latvia and the rest of the
world. Products made by the Group are being exported to more than
30 countries of the world, including the Baltics, Russia, other
CIS, Europe, Asia, North America and Australia.
Information
prepared by:
Salvis Lapins Member of the Board A/s „Olainfarm” Tel: +371 6 7013 717 Cell: +371 2 6448 873 E-mail: slapinsh@olainfarm.lv Enclosed: Opinion of the Management Board of AS
„Olainfarm” about the voluntary share buyout offer announced by
Valerijs Maligins
|
Pielikumi |