AS Latvijas kuģniecība                              11.03.2005                      



LATVIAN SHIPPING COMPANY’S COUNCIL GIVES NOTICE TO QUIT CONTRACTS 

OF EMPLOYMENT TO FORMER BOARD MEMBERS



Today, March 11th, in accordance with Commercial Law and respective 

regulations of Labour Law Uldis Pumpurs, the Chairman of the Council 

of the joint stock company Latvian Shipping Company based on the 

unanimous decision of the Council made on March 10th, 2005, has 

signed notices to quit employment contracts of the three former 

members of the Board, viz. V.Godunovs, A.Akmens and A.Enkuzens as 

from March 11th, 2005.



The reason for all three notices to dismiss the former Board members 

is the unlawful and gross exceeding of their authorities on February 

9th,2005 when they publicly announced their allegedly made decision 

to cancel the extraordinary shareholders’ meeting of the Latvian 

Shipping Company which had been earlier lawfully called to be held 

on February 11th, 2005.



The above mentioned people continued acting unlawfully also after 

the extraordinary shareholders’ meeting of February 11th, 2005 

by violating the decisions of the new and lawfully elected Council 

of the Latvian Shipping Company to suspend the Board members’ 

authorities of V.Godunovs, A.Akmens and A.Enkuzens as they were 

spreading false and widely misleading information as if it were 

on behalf of the Latvian Shipping Company.





Further information:



Marita Ozolina-Tumanovska

Head of PR Departament

Phone: +371 7020120, 9287169

Fax: +371 7820239

E-mail : ozolina@lsc.riga.lv