"Latvijas kuģniecība" roadshows to take place in Nordic financial centres

02.09.2003 RIG

Riga Sock Exchange, jointly with brokerage company Suprema, is organising roadshows to the potential “Latvijas kuģniecība” investors in the anticipation of the auction of 11,515,086 (5.75% of share capital) “Latvijas kuģniecība” shares put out for sale in domestic and international market. The roadshows will take place in Stockholm, Helsinki, Tallinn and Riga. The auction will be held on September 15, 2003.

Privatisation Agency Management Board resolved on its meeting of September 2, 2003 that the bottom price for “Latvijas kuģniecība” shares, as proposed by the RSE, will be LVL 0.34 per share.

Any investor may participate in the auction. The bids for auction will be accepted by the banks and brokerage companies that are the RSE members, from September 9, 2003 till 14:00 (Latvia time) of September 15, 2003. The bids should specify the highest price the bidder is ready to pay for one share, provided that it is not lower than the bottom price; as well as the number of shares the participant is bidding for.



Krista Grīntāle
Corporate Communications Department Director
Riga Stock Exchange
Phone. + 371 7212431
e-mail: krista.grintale@rfb.lv