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Photo – Dainis Bušmanis
Shareholder of the fish processing company JSC "Brivais vilnis" Ltd. "Our investment fund" has made a mandatory tender offer for the shares of the company, according to the announcement published Thursday in the official newspaper "Latvijas Vēstnesis".
In the offer, the redemption price of a "Free Wave" share is set at € 1.16.
Shareholders of the "Free Wave" stock redemption may accept the offer until May 29, 2019.
It has already been reported that the Financial and Capital Markets Commission (FCMC) authorized, in mid-April, "Our investment fund" to make a mandatory bid on "Free Wave" shares.
If all the minority shareholders of "Free Wave" express their willingness to sell their shares, the redemption of our shares will require 92,197.96 EUR. The minority shareholders hold a total of 79,481 "Free Wave" shares.
"Our investment fund" has signed a loan agreement with Baltic International Bank, which can only be used to finance the offer.
At this year's special meeting, shareholders of the wave of the free wave approved the withdrawal of shares of the company Nasdaq Riga Stock Exchange at the end of February. The shareholders, representing 97.44% of the capital of the company, participated in the shareholders' meeting.
97.41% of the voting shares of "Free Wave" belong to "Our Investment Fund", chaired by Arnold Babris (49.79%), Chairman of the Board of "Free Wave" and CEO of the "Free Wave". society.
The "Free Wave" shares are listed on the Nasdaq Riga's second list.
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