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 moreLatvian Forest Company AB (publ) ("Latvian Forest Company" or the "Company") will receive approximately 78.2 MSEK before issue costs through the Company's recent rights issue of Class-B shares. The issue was oversubscribed with a coverage ratio of 139 percent.
The subscription period in Latvian Forest Company's new issue of Class-B shares with preferential rights for existing shareholders ended on May 5, 2021. In total, the issue was subscribed for at 138.8 percent, of which 98.7 percent was subscribed for with subscription rights and 40.1 percent without subscription rights. The purpose of the company's issue was to provide approximately 78.2 MSEK with the aim of financing continued expansion through the acquisition of additional forest properties.
The funds provided through the rights issue are mainly intended to be used as set out below.
Issue volume 78.198 MSEK
Estimated issue costs 1.523 MSEK
Repayment of loans plus estimated interest rate 19.798 MSEK
New investment in forest properties 56.877 MSEK
In accordance with the principles set out in the prospectus, the Board of Directors has allotted all shares in the issue, a total of 12,819,413 Class-B shares, of which 12,649,695 class-B shares subscribed for with preferential rights and 169,718 Class-B shares without preferential rights.
Those who have been allotted shares subscribed for without preferential rights are notified by sending a sales note. Settlement shall be paid no later than the date shown in the sales note. If no settlement is made in a timely manner, shares may be transferred to others. No notice is given to the person who has not received the assignment. Nominee registered shareholders are notified of allotment in accordance with the respective nominee's procedures.
Trading in paid subscribed shares ("BTA") is currently conducted on Spotlight Stock Market and will continue until the issue is registered with the Swedish Companies Registration Office when BTA is converted into ordinary shares. The issue is expected to take place in late May or early June 2021.
When the rights issue is registered with the Swedish Companies Registration Office, the Company's share capital will amount to EUR 3,733,124.56 (rounded) and the total number of shares to 33,330,474 of which 33,250,474 are Class-B shares.
Advisor
The issuing institution in connection with the issue is AktieInvest FK AB. HWF Advokater AB is legal advisor.
For further information please contact
Aleksandrs Tralmaks, CEO
+37129203972
info@latvianforest.se
Or visit our website: www.latvianforest.se
This information is information that Latvian Forest Company AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person above, on May 7, 2021.
About Latvian Forest Company
Latvian Forest Company AB (publ) is a Swedish listed company that acquires, sells, and conducts forestry on advantageously valued forest in Latvia. The three main foundations of the business are, in addition to the fact that forests are a sought-after real asset that grows on its own.
IMPORTANT INFORMATION
This press release is not an offer to sell or acquire securities in the Company and investors shall not subscribe for or acquire any securities other than based on information in growth prospects regarding the Offer.
This press release is not provided, and may not be disseminated in or sent to, the United States, Australia, Canada, Japan, or any other jurisdiction where such dissemination would be unauthorized or require registration or other measures. The securities described in this Communication have not and will not be registered in accordance with the United States Securities Act of 1933 (the "Securities Act") in force and may therefore not be offered or sold in the United States without being registered or subject to an exemption from registration under the Securities Act and in accordance with applicable securities laws of U.S. states. The Company does not intend to register any offer in the United States or to make any public offering of securities in the United States.
This communication may contain certain forward-looking statements. Such statements are all statements that do not relate to historical facts and contain expressions such as "believe," "estimate," "expect," "assume," "anticipate," "intend," "may," "continue," "should" or the like. The forward-looking statements in this release are based on various estimates and assumptions, which in several cases are based on additional assumptions. Although the Company believes that these assumptions were reasonable at the time they were made, such forward-looking statements are subject to known and unknown risks, uncertainties and other material factors that are difficult or impossible to predict and that are beyond the Company's control. Such risks, uncertainties and material factors may cause actual results to differ materially from those expressly or implicitly stated in this communication through the forward-looking statements. The information, opinions and forward-looking statements contained in this release apply only as of the date of this notice and may change without notice.
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