The Management Board of AS VALMIERAS STIKLA ŠĶIEDRA (the ‘Company’, with registration no: 40003031676, legal address: Cempu iela 13, Valmiera, LV-4201) hereby informs that it has been decided to postpone the planned FPO of its shares until the second half of 2019 due to the reasons described below.

On April 25, 2019 the Management Board of AS VALMIERAS STIKLA ŠĶIEDRA announced via stock exchange announcement the notice on the publishing delay of the 2018 audited annual consolidated and standalone financial statements.  Refer to the announcement here: https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=886123&messageId=1115336. 

On the same day, the Management Board of AS VALMIERAS STIKLA ŠĶIEDRA announced via stock exchange announcement the adjournment of the Annual General Meeting (‘AGM’) of Shareholders of AS VALMIERAS STIKLA ŠĶIEDRA. Refer to the announcement here: https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=886154&messageId=1115376. 

In light of the fact that the abovementioned AGM is anticipated to adopt various resolutions related to the execution of the FPO, the Management Board of the company has considered it appropriate to postpone the FPO process. This was previously anticipated to take place during the first half of 2019.

With consideration to the above, the Management Board of AS VALMIERAS STIKLA ŠĶIEDRA therefore resolved to postpone the planned FPO (coinciding with the application to transfer its shares to the Nasdaq Baltic Main List) until the second half of 2019.

The Management Board of AS VALMIERAS STIKLA ŠĶIEDRA

Additional information:
AS VALMIERAS STIKLA ŠĶIEDRA
Phone: +371 64202216
E-mail: latvia@valmiera-glass.com
More information about company: www.valmiera-glass.com