Pēd. atjaunots: 30.11.2024 04:29 (GMT+2)

Riga Stock Exchange reprimands JSC "Lokomotīve" and requests to disclose information

06.07.2004, Daugavpils Lokomotīvju Remonta Rūpnīca, RIG

Riga Stock Exchange Management Board on its meeting of July 6, 2004
resolved to reprimand "Lokomotīve" for the delay in disclosing material
information.
Referring to comments by the financial director of the JSC
"Lokomotīve", on July 2, 2004, newspaper "Dienas biness" published
information on JSC "Lokomotīve" shareholder's - JSC "Spacecom" - plans
to invest in the company, as it is stated in the Letter of Intent
signed between the companies. This information should be regarded as
material, therefore in compliance with the Riga Stock Exchange
Financial Instrument Listing Rules, JSC "Lokomotīve" was supposed to
disclose this information to the Riga Stock Exchange simultaneously
with release to mass media, but the company failed to provide it.
The Riga Stock Exchange requested to disclose the information
immediately. JSC "Lokomotīve" provided requested information only on
July 5, 2004, and information was incomplete.
In compliance with the Item 9.33.11. of the Riga Stock Exchange
Financial Instrument Listing Rules, the issuer may provide only
well-founded estimates. JSC "Lokomotīve" must provide the Riga Stock
Exchange substantiation for the information about investments planned
by JSC "Spacecom" by July 7, 2004.

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