23.08.2005, Tukuma gaļas pārstrādes sabiedrība, RIG

Riga Stock Exchange                                                          23.08.2005



JSC “Tukuma gaļas pārstrādes sabiedrība” to raise financing



Since JSC “Tukuma gaļas pārstrādes sabiedrība” has to make its production facilities compliant 

with Veterinary Service requirements by December 31, 2005, it needs financing for reconstruction. 

Shareholders meeting resolved to raise financing via reallocating own funds. The total amount 

needed for reconstruction  is LVL 330,000. The sources will be:

1.	“Tukuma gaļas pārstrādes sabiedrība” real estate is transferred to two companies – law 

office "Conventus" and building company SIA „BSC LV”. Both companies have committed themselves to 

take loans against the valued property. This part of the loan will be used to pay off the existing 

credit line. The property is transferred with the repurchase option, “Tukuma gaļas pārstrādes 

sabiedrība” having exclusive rights within the next ten years. 

2.	Transfer of technological production equipment in financial leasing for a three-year period. 



Shareholders approved the financial report for the first half of 2005. Considering the fact that the 

company has made a loss of LVL 75,893 in the first half of the year, Management Board reported that 

in May, June and July the company has made a profit of LVL 12,000. 



Unofficial translation by RSE