Nasdaq Riga: FCMC accepts for further evaluation AS "RIGAS AUTOELEKTROAPARATU RUPNICA" takeover bid

On July 5, 2021 the Financial and Capital Market Commission (FCMC) has accepted
for further processing application for AS "RIGAS AUTOELEKTROAPARATU RUPNICA"
(registration No. 40003030454, legal address Klijanu iela 18, Riga, LV-1013)
mandatory takeover bid by SIA "BH AUTOAPARATS" (registration No. 40003396389,
legal addess: Klijanu iela 18, Riga, LV-1013) in accordance with the Law on the
Financial Instruments Market Article 66 part (4) point 2. 

1. Information about the Offerer, indicating its relationship with AS "RIGAS
AUTOELEKTROAPARATU RUPNICA" (Target company): 

SIA "BH AUTOAPARATS", registration No. 40003396389, legal address: Klijanu iela
18, Riga, LV-1013, Latvija. 

In the extraordinary shareholder's meeting of AS "RIGAS AUTOELEKTROAPARATU
RUPNICA" on June 28, 2021, a decision was taken to delist shares of AS "RIGAS
AUTOELEKTROAPARATU RUPNICA" from the regulated market. According to the
information in the prospectus, the following shareholders of AS "RIGAS
AUTOELEKTROAPARATU RUPNICA" voted for such a decision: 

 1. AS "Baltijas Holdings", registration No. 40003148033, legal address:
   Klijanu iela 18, Riga, LV-1013;
 2. SIA "TEHPROJEKTS", registration No. 40103020397, legal address: Unijas iela
   12, Riga, LV-1084;
 3. SIA "BH AUTOAPARATS", registration No. 40003396389, legal address: Klijanu
   iela 18, Riga, LV-1013.

In accordance with the Law on the Financial Instruments Market Article 66 part
(4) point 2, SIA "BH AUTOAPARATS", registration No. 40003396389, legal
address: Klijanu iela 18, Riga, LV-1013, is authorized to announce mandatory
takeover bid. 

2. The price of one share, according to prospectus, is set at: 0.46 EUR.

3. Term of takeover bid: Takeover bid will last for 30 calendar days, starting
on the next working day when Offerer will publish official announcement in the
official journal "Latvijas Vestnesis" informing about the takeover bid. If the
established offer period ends on a Saturday, Sunday, or on a public holiday,
then the last day of the offer is considered the next working day. 

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