JSC „Olainfarm” announcement to shareholders on issue of shares and shareholders’ priority rights

10/05/2006

JSC „Olainfarm” (unitary registration No. 40003007246, legal address: Rupnicu street 5, Olaine, LV-2114) informs that on May 5th,2006, Financial and Capital Market Commission has taken a decision to allow Joint Stock Company “Olainfarm” to issue 3 000 000 registered shares and approve issue prospectus prepared by JSC “Olainfarm”. On May 10th, 2006, in official newspaper “Latvijas Vзstnesis” was published an announcement on issue of shares and shareholders’ priority rights.


With present JSC “Olainfarm” is informing that starting May 11th, 2006, the offer of 3 000 000 regular dematerialized registered shares of JSC “Olainfarm” is effective and subscription to these shares is open.

Presently share capital of JSC “Olainfarm” is LVL 10 252 365. JSC “Olainfarm” fixed capital is composed of  7 257 465 regular dematerialized registered shares with nominal value of each share equal to LVL 1,-, as well as 2 994 900 regular dematerialized bearer’s shares with nominal value of each share equal to LVL 1,-.

Fixed capital of JSC “Olainfarm” will be increased by issuing one category 3 000 000 (three millions) dematerialized registered shares with nominal value of each share equal to LVL 1,- (one lat). The decision to increase share capital and issue the shares was taken on shareholder meeting on July 29th, 2005.  All shares will confer equal and unlimited voting rights, rights to receive dividends and liquidation quota. Fixed capital of JSC “Olainfarm” will be increased up to LVL 13 252 365. Sales price of the shares will be determined by the Management board of JSC “Olainfarm” in accordance with rules of increase of fixed capital and issue prospectus within the limits from LVL 1,05 to LVL 1,50.

Shareholders of JSC “Olainfarm” according to Article 251 of the Commercial Law have priority rights to acquire shares of new issue proportionally to the sum of the nominal value of the shares they already owned on July 29th, 2005, in accordance with full list of shareholders prepared by JSC “Latvian Central depositary” and JSC “Olainfarm” register of shareholders of registered shares. The term for use of the shareholders priority rights ends on June 9th, 2006, at 12:00 p.m. (midnight).

Subscription to the JSC “Olainfarm” new issue shares must be made by filling a written application to the Management board of JSC “Olainfarm” in accordance with sample included in issue prospectus and in terms specified herein. In the application for use of priority rights shareholders must specify if they want to acquire additional shares in the second and third subscription stage, no additional application to the second and third stages is needed. If within the first stage in the filed application there is no mark regarding underwriting to additional shares then the shareholder is loosing the right to acquire shares in the second and third stages. The application may be sent by mail to the following address: Rupnicu street 5, Olaine, Latvia, LV-2114. If the application is sent by mail the date when it is received at JSC “Olainfarm” will be considered as the date of filing the application. The shareholder may submit the application in person or through an authorized representative in Legal department of JSC “Olainfarm” at the address mentioned above on working days from 9.00 a.m. to 4.00 pm.

The rules of increase of fixed capital of JSC “Olainfarm” and issue prospectus are available at JSC “Olainfarm” legal address every day from 9.00 a.m. to 4.00 p.m., as well as in Internet on JSC “Olainfarm” webpage www.olainfarm.lv, on JSC “Riga Stock Exchange” web page www.rfb.lv , Financial and Capital Market Commission web page www.fktk.lv .

 

Capital increase rules (.pdf)

Issue prospectus LV (.pdf)

Application form LV (.pdf)