Joint-stock company «Riga electric machine building works» management board informs that the extraordinary shareholders meeting on March 19, 2013 lacked quorum. The Articles of Association stipulate that at least three quarters of the Company’s shares capital has to be represented in the shareholders meeting for it to have a quorum.

Thus, the shareholder meeting was not held.

If a decision to convoke a new shareholders meeting is taken, a separate announcement will be published.