The opinion of the management board of AS Daugavpils Lokomotīvju Remonta Rūpnīca (hereinafter – DLRR) on the company’s mandatory share redemption offer and its impact on the interests of the company.
On 23 October 2017 the shareholder of DLRR OÜ Lokomotiiv Investeeringud has made the mandatory share redemption offer (hereinafter - the Offer) on the shares of DLRR. The Offer has been made in accordance with decision No 168 of 17 October 2017 of the Financial and Capital Market Commission. The price per one share under the Offer is EUR 0.44. The management board of DLRR has evaluated the Offer and considers this Offer as corresponding to the provisions of the Financial Instruments Market Law. When evaluating the Offer, the management board has verified whether the offered price reflects the actual value of the shares of DLRR. In the opinion of the management board the Offer with the price of EUR 0.44 per one share reflects the actual value of the shares of DLRR. The management board points out that the price of the mandatory share redemption offer in Latvia is regulated by Article 74 of the Financial Instruments Market Law. The Offer made by OÜ Lokomotiiv Investeeringud will not have any impact on the employment policy of DLRR, the employees of DLRR will maintain their work places in accordance with the concluded employment agreements. Moreover, this Offer will not have any impact on the business strategy of DLRR, as well as the fulfilment of the future plans. There are no decisions to change the business profile or the location of the company.
Taking into account the aforementioned, the management board considers this Offer as being in the interests of DLRR.
Member of the Board