Rīgas Transporta Flote                                        22.11.2005.



JSC “Rīgas Transporta Flote” board information about mandatory share redemption offer



A/s “Rīgas Transporta Flote” board informs that in the newspaper “Latvijas 

Vēstnesis” of 1st November, 2005  was published an announcement of corporation 

“Lavinia Corporation” about the mandatory share redemption offer of a/s “Rīgas 

Transporta Flote”. According to the terms of the offer, it is in force from 

2nd November till 21st December 2005. Shareholders can accept the offer by 

turning to the bank in which they have opened a securities account where 

a/s “Rīgas Transporta Flote” shares are kept, giving an order to sell them to 

“Lavinia Corporation” for a price 0.96 lats and transferring the shares to 

“Lavinia Corporation” securities account in joint stock company “NORD/LB Latvija”.

According to the terms of the share redemption offer, shareholders, who will 

accept redemption offer, will receive the payment for the sold shares by 

transfer in their own bank account on 27th of December 2005.



Share redemption price was calculated and offered to the shareholders 

according to requirements of the Financial instrument market law, choosing 

the highest price from the criteria indicated in the abovementioned law, as 

a result the share redemption price is even higher than the average shares 

price of a/s “Rīgas Transporta Flote” shares in Riga Stock exchange.  

A/s “Rīgas Transporta Flote” board considers that the said redemption price 

is maximally high and meets the requirements of the company shareholders. 

Completely Supporting the said redemption offer, a/s “Rīgas Transporta 

Flote” board appeals the shareholders to use the offered possibility. 



The representative of the “Lavinia Corporation” in issues regarding share 

redemption, assistant attorney-at-law Artūrs Spīgulis, informs, that the 

applications of the share redemption are already received from many 

shareholders of a/s “Rīgas Transporta Flote”. The representative of the 

“Lavinia Corporation” points out that it is not planned to modify the 

provisions of the share redemption offer and therefore he invites the 

shareholders not to postpone the acceptance of the offer until the last 

moment, because the term of the offer lapses at the week before the 

Christmas holidays. As it is indicated in the prospectus of the share 

redemption offer, a/s “Rīgas Transporta Flote” will continue its activities 

according to its articles of association and pursue commercial activities 

approved in the statutes. There are no changes foreseen in the board and 

the council and all employees’ working places will be retained as it is 

indicated in the signed labor contracts. “Lavinia Corporation” also explains 

that in its future plans it is not foreseen to make a decision about payment 

of the dividends to a/s “Riga Transport Fleet” shareholders.

        

A/s “Rīgas Transporta Flote” board reminds, that shareholders can acquaint 

themselves with the prospectus of the share redemption offer in a/s “Rīgas 

Transporta Flote” and Riga Stock exchange home pages as well as receiving 

it in the a/s “Rīgas Transporta Flote” office on Baltāsbaznīcas iela 52, 

telephone number 7353880, Contact person: Vladimirs Sedihs.   





Board member Oleg Kolosov