|Emitents||Rīgas kuģu būvētava, AS (48510000DWP0BMQCTM64)|
|Veids||2.2. Iekšējā informācija|
As it was notified already before, on August 16th, 2019 Riga City Vidzeme Urban Court resolved (a) to satisfy the application of legal protection proceedings of AS „Rīgas kuģu būvētava” (Company); (b) to implement the legal protection proceedings of the Company; (c) to approve the plan of measures of the legal protection proceedings of the Company; and (d) to set the period of 2 (two) years for implementation of the legal protection proceedings of theCompany, effective from August 16th, 2019.
The Company attests that the plan of measures of the legal protection proceedings as prepared and submitted to the court will allow maintaining of the current profile of operations, in particular, ship repair and ship building, at the same time developing also new types of business activity in order to use the infrastructure of the Company as efficiently as possible.
At present the Company has not interrupted its economic operation and plans to continue it, thus implementing the legal protection proceedings and restoring the solvency in the result of which financial liabilities towards its creditors will be performed. Moreover, the Company has amounts receivable which can be recovered, thus increasing revenue accordingly and using the recovered amounts for satisfying creditors’ claims.
According to the approved the plan of measures of the legal protection proceedings, theCompany has commenced payment of the debt of wages to its former and current employees, which will be covered in full amount during the first month of the legal protection proceedings; and the tax debt to the state budget, including payment of the current tax payments, will be fully paid until September 16th, 2019.
The Company would like to notify that if its former employees have questions or doubts regarding to the payment of the debt of the wage, the Company requests to contact its Board Chairman Einārs Buks for updates of information by using the e–mail addresseinars.buks@riga–shipyard.com.
Also starting from the second month of the legal protection proceedings, the Company will gradually start covering its financial liabilities whose terms of repayment or performance have set in prior to the start of the legal protection proceedings or will set in during the legal protection proceedings. The Company points out that financial liability to secured creditors will be performed during the first six months and to unsecured creditors – during twenty four months as from the moment of approval of the plan of measures of the legal protection proceedings.
The Company is thankful to the State Revenue Service and other creditors for the understanding and support during the implementation of the plan of measures of the legal protection proceedings.
Enclosed – the plan of measures of the legal protection proceedings approved by the court (as to information specified in the appendixes is considered as confidential, appendixes are not enclosed)
The Board of Directors of AS „ Rīgas kuģu būvētava”