By decision No. 22 of 9 February 2021, the Financial and Capital Market Commission allowed the company TransComponent Holding (Russian Federation) to carry out the Joint-Stock Company RIGAS ELEKTROMASINBUVES RUPNICA final share buy-back. In accordance with Section 82, Paragraph seven of the Financial Instrument Market Law, the following information is published regarding the mandatory share buy-back:
Target company
AS RIGAS ELEKTROMASINBUVES RUPNICA, registration number 40003042006, registered office: Ganibu dambis 53, Riga, LV-1005, phone 27001052, office@rer.lv, www.rer.lv.
Offeror
Company TransComponent Holding, registration number 1137774695495, registered office: 101000 Moscow, Bolshaya Lubyanka str.22, is the owner of 5,720,079 (98.64%) shares in AS RIGAS ELEKTROMASINBUVES RUPNICA (direct and indirect holding).
Buy-back price of one share and methods used for determination thereof
Buy-back price is 7,46 EUR (seven euro and 46 cents) per share.
The value of the shares to be redeemed has been determined in accordance with Section 74, Paragraph one of the Financial Instrument Market Law, concluding that the price provided for in Section 74, Paragraph one, Clause 3 is applicable to this final share buy-back, since it is higher than the price determined in accordance with Section 74, Paragraph one, Clause 1 and 2.
Disposal of shares to be redeemed in favour of the Redeemer
The record date is the fifth working day after the publication of information in the publication Latvijas Vestnesis. On the record date, the shares to be redeemed are blocked in the shareholders’ accounts and these shareholders lose the right to dispose of the shares owned by them. On the next working day after the record date, the Redeemer transfers to the Nasdaq CSD specified cash account the amount of money corresponding to the value of the shares to be redeemed, after which the Nasdaq CSD transfers the booked shares to to the Redeemer’s account and transfers money to the cash accounts of the respective Nasdaq CSD participants, sending the Nasdaq CSD participants a request to clear the Shares to be Redeemed in the financial instrument accounts of the shareholders of the Target Company – the holders of the Shares to be Redeemed. A Nasdaq CSD participant who has received the mentioned cash payment from the Nasdaq CSD, within one business day after receipt of such cash payment, transfers the purchase price of the Shares to be Redeemed to the respective shareholders of the Target Company – the holders of the Shares to be Redeemed according to the number of the Shares to be Redeemed owned by them according to the booking in the financial instrument accounts at the end of the record date day. Remuneration to the shareholders of the Target Company – the holders of the Shares to be Redeemed, whose shares at the end of the record date settlement day are in the original Nasdaq CSD register, is transferred to the Nasdaq CSD cash account.
Place and time where and when one can become acquainted with the prospectus
One can become acquainted with the final share buy-back prospectus at Ganibu dambis 53, Riga, on the 2nd floor of AS RIGAS ELEKTROMASINBUVES RUPNICA administrative building, at the General Director Secretariat on working days from 10 am to 3 pm.
Record date – 24 February 2021.
Settlement date – 25 February 2021.
More detailed information is provided in the Final share buy-bacs prospectus