Riga Stock Exchange                                                               03.02.2005



RSE requests JSC “Ventspils nafta” to specify the capital participation in LASCO



A Latvian language newspaper “Neatkarīgā Rīga Avīze” on February 3, 2005 published an article 

where JSC “Ventspils nafta” comments the RSE decision to demand that JSC “Latvijas kuģniecība” 

(LASCO) disclose nominees to Supervisory Board, and, among other, says: “…any other shareholder, 

apart from the one holding 51% of LASCO shares, may nominate its candidates during the meeting”.



According to the information at the RSE disposal,  “Ventspils nafta” owns 49.94% of  LASCO – 

so the company on June 28, 2002 notified the RSE, Financial and Capital Market Commission and 

“Latvijas kuģniecība”.



With the view of the above, the RSE has requested that JSC “Ventspils nafta” provide, without 

delay, the information on the actual capital participation in LASCO. In case the ownership 

interest has increased and exceeds 50%, “Ventspils nafta” is to follow the provisions of Article 

61 of the Law on Financial Instruments Markets, and to notify on obtaining a substantial 

shareholding. 





For more information, please contact:

Krista Grīntāle

Corporate Communications Director

Riga Stock Exchange

Phone: +371 7212431