24.08.2005, Ditton pievadķēžu rūpnīca, RIG

Ditton pievadkezu rupnica                                  24.08.2005



The decision of the Council and the Board of Ditton pievadkezu rupnica



On 22.08.2005 the joint meeting of the Council and the Board of the public 

joint-stock company “Ditton pievadķēžu rūpnīca” took place. There has been 

the item discussed about attracting investments into the Company for the 

purpose of expansion of the current production, introduction of new 

technologies and activation of sale of products produced by the Company in 

compliance with the common development strategy of the Company.

The Council and the Board took the decision to form a working group for the 

developing end estimating of capital investment projects. The Council and the 

Board charged the working group to develop and submit its proposals about 

investments by means of company equity issue at the amount of 2.6 till 

10 million Latvian lats, where the necessary specialists should be involved. 

The working group has been also charged to develop and submit its proposals 

about the principles and procedures for attraction of general investor.

The Council and Board charged the Board to convene the general meeting of 

shareholders of JSC „Ditton pievadķēžu rūpnīca” after closing the working 

group for discussing and approval of investment and issue projects.

Members of the Council Mr.B.Matvejevs and Mr.G.Sorokins and Member of the 

Board Ms.N.Redzoba are authorized to act as coordinators of the working group, 

contact phone number + 371 5402333 (secretariat of the company).

The current notification has been submitted in compliance with the 

Articles 85 and 87 of Law on the Financial Instruments Market. 



On behalf of the Council and the Board of the Company,

Member of the Board 

P.Dorofejevs