JSC „Olainafarm” notification of oncrease of share capital, prtiority rights of shareholders and expression of public offer

11/05/2007

JSC „Olainfarm” (registration No. 40003007246, legal address: Rupnicu street 5, Olaine, Rigas region, LV-2114, Latvia) informs that the annual shareholders’ meeting held on April 13th, 2007, has taken decision on issue of 4’000’000 bearer dematerialized shares. 


 

The existing share capital of JSC„Olainfarm” amounts to LVL 13’209’055. Share capital of „Olainfarm” consists of 10’214’155 dematerialized registered shares, which have been converted into bearer shares by decision of the shareholders meeting as of April 13th, 2007, and 2’994’900 dematerialized bearer shares with each share’s par value of LVL 1.00.

 

Share capital of JSC „Olainfarm” is increased by issuing 4’000’000 one class dematerialized bearer shares with unlimited voting rights, each share having par value of LVL 1.00 (one Latvian lat). Share capital of JSC „Olainfarm” shall be increased up to LVL 17’209’055.

 

Shareholders of JSC „Olainfarm” in accordance with Article 251 of the Commercial Law have pre-emptive rights to purchase shares of new issue in proportion to their aggregate individual par value of shares owned by them in accordance with complete list of shareholders prepared by JSC „Latvian Central depositary” as on April 26th, 2007. The term for execution of shareholders’ pre-emptive rights and submission of application within the First and Second stages is expiring on June 11th, 2007.

 

According to permission of Financial and capital market commission as of 09.05.2007. for expression of public offer for new issue of shares of JSC „Olainfarm”, JSC „Olainfarm” informs of the start of public offer of new issue shares of JSC „Olainfarm” in Latvia. Filing application for purchase of JSC „Olainfarm” new issue shares within the framework of public offer (third stage) is lasting up until June 12th, 2007, including it, 14:00 Latvian time. Financial and capital market commission has registered prospectus of JSC „Olainfarm” and published it at its web-site on the internet www.fktk.lv. Prospectus of JSC „Olainfarm” in electronic form is also available at internet web-sites of JSC „Olainfarm” and JSC „Riga Stock Exchange” (www.olainfarm.lv and www.lv.omxgroup.com), but in printed form – at distributor of the issue JSC “Parex Banka”, address: Smilsu street 3, Riga, LV 1522, Latvia, each working day from 9:30 until 16:00.

 

The sale price of  new issue JSC „Olainfarm” shares has been  determined by the Management Board of JSC „Olainfarm” in accordance with terms of increase of share capital and issue prospectus within the frame from LVL 2.95 to LVL 3.70.

 

Submission of applications for purchase of new issue JSC „Olainfarm” shares is carried out through JSC „Riga Stock exchange” trading system, by submitting share purchase order by mediation of JSC „Riga Stock exchange” members.

 

The one can get acquainted with JSC „Olainfarm” terms of increase of share capital at JSC „Olainfarm” legal address Rupnicu street 5, Olaine or at members of JSC „Riga Stock exchange” every working day from 9:30 until 16:00, as well as at the internet web-sites of JSC „Olainfarm” and JSC „Riga Stock exchange” (www.olainfarm.lv and www.lv.omxgroup.com).

 

Olaine, May 11th, 2007.

 

Information prepared by 

Viktorija Zuka-Nikulina

JSC „Olainfarm”

Head of Legal Department

Tвlr. 7013870, 29582367

Fakss 7013777

vzuk@olainfarm.lv