|Emitents||Latvijas kuģniecība, AS (48510000VYR04HZGC213)|
Today, on the 6th of August, shareholders of Latvian Shipping Company (LASCO) – offshore companies Eastgate Properties Limited and Ojay Limited have notified the company on acquisition of substantial participation in the company. The indirect participation notified by both of these companies agrees with the amount of shares blocked for the today’s LASCO shareholders’ meeting by AS Hansabanka – 8891892 shares or 4,44% of LASCO share capital, mentioned in notification by Eastgate and 17 657 658 shares or 8,82% of LASCO share capital in the case of Ojay. The total indirect participation notified by both companies amounts to 26 549 550 shares or 13,27% of LASCO share capital, and that is analogous to the proportion of shares blocked for participation into the LASCO shareholders’ meeting by AS Hansabanka.
A connection of the above mentioned offshore companies with AS Hansabanka is confirmed by the fact that AS Hansabanka has authorized Martins Kveps, a person related to exactly these offshore companies, for participation into the today’s shareholders’ meeting of LASCO, submitting two Powers of Attorney – by one Mr.Kveps is authorized to represent AS Hansabanka with 8 891 892 shares registered in its name and by the other he is authorized to represent AS Hansabanka with 17 657 658 shares registered in its name. Both offshore companies and AS Hansabanka together own 55 099 352 shares or 27,55% of LASCO share capital. In their notifications both Eastgate and Ojay have left blank a section where the controlled commercial companies must have been indicated, with mediation of which the shareholders have the voting rights from this indirect participation.
Last week LASCO has already informed the shareholders on the completion of internal investigation, submitting a bulky set of evidence to the Economic Police Department, including documents of “black-cash”, which indicates to the possible relation of certain shareholders and former officials to the possible criminal offences by misappropriating LASCO financial means. Special attention in the LASCO application to the Economic Police Department is paid to the fact that some parties to unprofitable chartering agreements are related to two LASCO shareholders – Eastgate Properties and Ojay Limited.
For detailed information:
Marita Ozolina – Tumanovska
Head of Public Relations Department
Phone: (+371) 67020120, 29287169