Riga, March 5, 2009

On 27 February 2009 the Financial and Capital Market Commission has made a decision to allow the shareholder of JSC “Rīgas Miesnieks” JSC “Rakvere Lihakombinaat” to enounce the final share buyout offer of JSC “Rīgas Miesnieks” and authorized the buyout price for one share – 17,57 LVL.

 

The Management board of JSC “Rīgas Miesnieks” has appraised the final share buyout offer of JSC “Rīgas Miesnieks”, what is enounced by JSC “Rakvere Lihakombinaat”  and the Management board has concluded that the buyout offer comply with legislative acts. The Management board deems, that concentration of shares in one shareholder hands will improve effectiveness of commercial activities and the following development of JSC “Rīgas Miesnieks”, including the conduce of investment’s supply.

 

The Management board deems, that the enounced final share buyout offer of JSC “Rīgas Miesnieks” and its realization will impact JSC “Rīgas Miesnieks” and the politics of the employment in positive way, because the strategic plans regarding to JSC “Rīgas Miesnieks” of JSC “Rakvere Lihakombinaat” is similar as the opinion of Management board of JSC “Rīgas Miesnieks”.

 

There is no information in hands of the Management board of JSC “Rīgas Miesnieks” about the changes of employments politic by JSC “Rakvere Lihakombinaat”.

 

 

 On behalf of the Management board of JSC “Rīgas Miesnieks”

The chairman of the Management board Aldis Škutāns