Latvian Forest Company AB is a publicly traded, Swedish limited liability
company that offers private individuals and legal entities the opportunity
to invest in favorably valued forest property in Latvia.
Interim report Jan-June 2020
Period January-December 2019
Minutes kept at the Annual General Meeting of Latvian Forest Company AB (publ), org. 556789-0495, at 10.00, Monday, December 16, 2019 in Stockholm.
Read moreParts of the acquisition have already been taken up and the remaining shall be taken later.
Read moreShareholders wishing to participate in the Meeting shall be included in the share register kept by Euroclear Sweden AB ("VPC) and report their participation no later than Wednesday December 11, 2019.
Read moreLFC informs that its past CEO and board member Fredrik Zetterström has called for arbitration against Latvian Forest Company AB regarding profit sharing corresponding to EUR 378,500.
Read moreAll shares in the subsidiaries have been sold, leading to a surplus of 10,803 TEUR
Today, Monday, July 1, 2019, is the record day to receive a dividend. According to a resolution of the Annual General Meeting dividend to the shareholders shall be paid EUR 0.54 per share or a total of EUR 11 075 973.
Read moreBook value of fixed assets amounts to 24,733.2 (21,924.3) TEUR
Notice of the Annual General Meeting of Latvian Forest Company AB (publ).
Shareholders of Latvian Forest Company AB (publ), org. No. 556789-0495, (the "Company") is hereby invited to the Annual General Meeting on Thursday, June 27, 2019, at 10:00 a.m. in Galjaden Fastigheter's premises on Linnégatan 18 in Stockholm.
Read moreLFC informs that Chairman of the Board, Ted Alvenius, is of a different opinion than the remaining Board of Directors regarding a transaction involving compensation for value increase in connection with the sale of all shares in the operating subsidiaries.
Read moreGaljaden Invest AB has increased its holding in Latvian Forest Company AB to 20.03%.
Read moreLatvian Forest Company has, in accordance with a resolution at the Extraordinary General Meeting on March 27, 2019, completed the sale of all shares in SIA Latvijas mezu kompanija and Baltic Forest IV SIA.
Read moreNils Robert Persson has increased his holding in Latvian Forest Company AB.
Read moreLatvian Forest Company AB (publ) held the Extraordinary Annual General Meeting on March 27, 2019. The meeting resolved on the sale of all shares in the operating subsidiaries SIA Latvijas Mezu Kompaniju and Baltic Forest IV SIA to SCA Mezs Latvija, SIA
Read moreThe shareholders of Latvian Forest Company AB (publ), Reg. No. 556789-0495 ("The Company") are hereby summoned to the Extraordinary General Meeting of shareholders to be held on Wednesday, March 27, 2019 at 10.00 in Galjaden Fastigheter premises on Linnégatan 18, Stockholm.
Read moreLATVIAN FOREST COMPANY SIGNS SHARE TRANSFER AGREEMENT WITH SCA MEZS LATVIA
Read moreLatvian Forest Company AB signs letter of intent with Svenska Cellulosa Aktiebolaget SCA with a view of selling the company’s operations by way of sale of all shares in the operating subsidiaries SIA Latvijas mezu kompanija and Baltic Forest IV, SIA. The total sale price is estimated to 26 000 000 Euro.
Read moreWe at Latvian Forest Company are proud supporters of orienteering in Latvia.
Read moreBronsstädet AB (556612-1124) has purchased 1.878.616 B-shares in Latvian Forest Company AB (publ). The ownership, after purchases, corresponds to 14.81 percent of capital and 14.01 percent of votes which makes Bronsstädet AB the largest shareholder in Latvian Forest Co.
Read moreFollowing the completion of its due diligence analyses, the Latvian Forest Company AB has decided to complete the previously announced acquisitions.
Read moreThe following resolutions were passed at the Annual General Meeting of the Latvian Forest Company AB (publ) on June 30th, 2021.
Board, auditor and fees
The number of board members shall be four. Martin Hansson, Anders Nilsson, Andreas Norman and Aleksandrs Tralmaks were re-elected to the board. Martin Hansson was re-elected Chairman of the Board. Remuneration to the Board shall be paid in a total of SEK 200,000, of which SEK 80,000 shall be paid to the Chairman of the Board, and SEK 60,000 to each of the other members who do not receive remuneration from the company.
Re-election of the auditing company Baker Tilly Stint AB for a term of one year, thus up to and including the end of the 2022 Annual General Meeting, whereby the auditing company is informed that the authorized public accountant Mikael Nilsson has been appointed as the Principal Auditor. Fees to the auditor shall be paid in accordance with the agreement.
The AGM resolved to grant the Board of Directors and the President discharge from liability for the 2020 financial year.
Profit disposition
The AGM resolved that the company's profits be disposed of in accordance with the Board's proposal, meaning that no dividend will be paid for the financial year 2020.
Amendment of the Articles of Association
In order to enable issues in accordance with the Board's proposal for a resolution on authorization, the AGM resolved to change the limits for the share capital and the number of shares in the Articles of Association, in accordance with the following wording.
§4. Share capital
The share capital shall be a minimum of EUR 1,680,045.00 and a maximum of EUR 6,720,180.00.
§ 6. Number of shares
The number of shares shall be a minimum of 15,000,000 and a maximum of 60,000,000.
Authorization for the Board of Directors to decide on the issue of shares, warrants and / or convertibles
The AGM resolved to authorize the Board of Directors to, on one or more occasions during the period until the next Annual General Meeting, with or without deviation from the shareholders' preferential rights, decide on the issue of shares, warrants and / or convertibles on market terms. Payment must be made in cash, by set-off, contribution of non-cash assets, or otherwise, with conditions in accordance with the Swedish Companies Act. The total number of newly-issued shares and the number of shares that may be added through the exchange of convertibles or new subscriptions of shares on the basis of warrants shall in total amount to a maximum of the number that falls within the maximum number of shares in accordance with the Articles of Association. The purpose of the authorization is to be able to strengthen the company's capital base and equity ratio or provide resources for a continued expansion of the business through further acquisitions.
In view of the risk of spreading Covid-19 and abiding by the authorities' regulations and advice, the AGM was conducted by means of advance voting only (so-called postal voting) on the basis of temporary statutory rules.
For further information contact
Aleksandrs Tralmaks, VD
+371 29203972
info@latvianforest.se
Or visit our website: www.latvianforest.se
About Latvian Forest Company
Latvian Forest Company AB (publ) is a Swedish listed company that acquires, sells and conducts forestry on favorably valued forest in Latvia. The three main foundations of the business are, in addition to the fact that forest is a sought-after real asset that grows on its own;
Interim report Jan-June 2020
Period January-December 2019
Minutes kept at the Annual General Meeting of Latvian Forest Company AB (publ), org. 556789-0495, at 10.00, Monday, December 16, 2019 in Stockholm.
Read moreParts of the acquisition have already been taken up and the remaining shall be taken later.
Read moreShareholders wishing to participate in the Meeting shall be included in the share register kept by Euroclear Sweden AB ("VPC) and report their participation no later than Wednesday December 11, 2019.
Read moreLFC informs that its past CEO and board member Fredrik Zetterström has called for arbitration against Latvian Forest Company AB regarding profit sharing corresponding to EUR 378,500.
Read moreAll shares in the subsidiaries have been sold, leading to a surplus of 10,803 TEUR
Today, Monday, July 1, 2019, is the record day to receive a dividend. According to a resolution of the Annual General Meeting dividend to the shareholders shall be paid EUR 0.54 per share or a total of EUR 11 075 973.
Read moreBook value of fixed assets amounts to 24,733.2 (21,924.3) TEUR
Notice of the Annual General Meeting of Latvian Forest Company AB (publ).
Shareholders of Latvian Forest Company AB (publ), org. No. 556789-0495, (the "Company") is hereby invited to the Annual General Meeting on Thursday, June 27, 2019, at 10:00 a.m. in Galjaden Fastigheter's premises on Linnégatan 18 in Stockholm.
Read moreLFC informs that Chairman of the Board, Ted Alvenius, is of a different opinion than the remaining Board of Directors regarding a transaction involving compensation for value increase in connection with the sale of all shares in the operating subsidiaries.
Read moreGaljaden Invest AB has increased its holding in Latvian Forest Company AB to 20.03%.
Read moreLatvian Forest Company has, in accordance with a resolution at the Extraordinary General Meeting on March 27, 2019, completed the sale of all shares in SIA Latvijas mezu kompanija and Baltic Forest IV SIA.
Read moreNils Robert Persson has increased his holding in Latvian Forest Company AB.
Read moreLatvian Forest Company AB (publ) held the Extraordinary Annual General Meeting on March 27, 2019. The meeting resolved on the sale of all shares in the operating subsidiaries SIA Latvijas Mezu Kompaniju and Baltic Forest IV SIA to SCA Mezs Latvija, SIA
Read moreThe shareholders of Latvian Forest Company AB (publ), Reg. No. 556789-0495 ("The Company") are hereby summoned to the Extraordinary General Meeting of shareholders to be held on Wednesday, March 27, 2019 at 10.00 in Galjaden Fastigheter premises on Linnégatan 18, Stockholm.
Read moreLATVIAN FOREST COMPANY SIGNS SHARE TRANSFER AGREEMENT WITH SCA MEZS LATVIA
Read moreLatvian Forest Company AB signs letter of intent with Svenska Cellulosa Aktiebolaget SCA with a view of selling the company’s operations by way of sale of all shares in the operating subsidiaries SIA Latvijas mezu kompanija and Baltic Forest IV, SIA. The total sale price is estimated to 26 000 000 Euro.
Read moreWe at Latvian Forest Company are proud supporters of orienteering in Latvia.
Read moreBronsstädet AB (556612-1124) has purchased 1.878.616 B-shares in Latvian Forest Company AB (publ). The ownership, after purchases, corresponds to 14.81 percent of capital and 14.01 percent of votes which makes Bronsstädet AB the largest shareholder in Latvian Forest Co.
Read moreFollowing the completion of its due diligence analyses, the Latvian Forest Company AB has decided to complete the previously announced acquisitions.
Read more