Riga, Latvia, 2017-01-23 15:46 CET (GLOBE NEWSWIRE) --
In accordance with the Regulation (EU) 596/2014 of the European Parliament and of the Council of 16 April, 2014, on market abuse (market abuse regulations) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC, Commission Implementation Regulation (EU) 2016/1055 of 29 June, 2016, laying down implementing technical standards with regard to the technical means for appropriate public disclosure of inside information and for delaying the public disclosure of inside information in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council, the information disclosure rules of Nasdaq Riga and Section 6.2 of SIA „Acme Corporation” Bond Prospectus of 29 June, 2010, as amended,
the issuer, SIA „Acme Corporation” (the „Issuer”), hereby communicates the following inside information:
On 19 January, 2017, the Issuer and limited liability company „FORA Group” (registration No.50003983521) entered into a share purchase agreement for purchasing of 100% of the shares of limited liability company „Īpašums A5” (registration No. 40003716298) from limited liability company „FORA Group” for the aggregate purchase price of EUR 154 460 (one hundred fifty four thousand four hundred sixty euros). The limited liability company „Īpašums A5” is unrestricted owner of the real estate of the land plot „Pipari” (cadastral No.80700110009) in Ķekava region, Ķekava parish. As a result of this transaction the Issuer will acquire full control over the real estate of the land plot „Pipari”.
The real estate of the land plot „Pipari” is purchased in relation to the development of planned industrial warehouse park in the real estate owned by the Issuer’s subsidiaries limited liability company „Big Truck” (registration No.40003723285), and limited liability company „Muižas parks” (registration No.40003760031), which is adjacent to the present real estate. The purchase of the real estate of the land plot „Pipari” will allow the Issuer to make development of planned industrial warehouse park infrastructure.
According to the terms and conditions of the share purchase agreement the Issuer pays the purchase price for the shares to the limited liability company „FORA Group”. The Issuer pays the purchase price from its own resources, and/or from the resources of the Issuer’s wholly owned subsidiaries.
The limited liability company „Īpašums A5” currently is not actively engaged in business activities and does not generate steady income. Therefore, until launching the aforesaid project of the planed industrial warehouse park, the Issuer plans to finance the activities of the limited liability company „Īpašums A5” at its own expense. It will not have significant impact on the Issuer’s cash flow and financial indicators.
The issuer will acquire ownership rights to the shares of the limited liability company „Īpašums A5” as of the moment when in the commercial register corresponding changes in composition of actual shareholders will be made.
This information has been provided to the media on 23 January, 2017, at the time specified by Nasdaq Riga on its webpage: http://www.nasdaqbaltic.com/market/?pg=news&lang=en.
Aiga Hercoga
SIA „Acme Corporation” authorized person
Phone: +371 67333504
E-mail: Aiga@rbm.lv