Privatisation Agency sets the bottom price of LVL 0.34 for "Latvijas kuģniecība" shares to be auctioned

02.09.2003 RIG

Privatisation Agency Management Board resolved on its meeting of September 2, 2003 that the bottom price for “Latvijas kuģniecība” shares, to be auctioned at the Riga Stock Exchange open cash auction, will be LVL 0.34 per share.

The auction will take place on September 15, 2003 at the RSE. 11,515,086 (5.75% of share capital) state-owned common registered voting shares will be auctioned. Public offer for cash will take place from September 9, 2003 till 14:00 of September 15, 2003. The bids for auction will be accepted by the banks and brokerage companies that are the RSE members.

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