Published: 2019-07-10 15:23:33 CEST
Changes board/management/auditors

On Supervisory Board of Latvenergo AS

Riga, 2019-07-10 15:23 CEST -- On July 9, 2019, the changes regarding dismissal of the Supervisory Board of Latvenergo AS were registered in the Register of Enterprises of the Republic of Latvia based on notification of resignation received from the Members of the Supervisory Board of Latvenergo AS Pāvels Rebenoks, Kristaps Stepanovs, Inese Kublicka, Renārs Degro, Artūrs Šnoriņš.

On June 19, the Supervisory Board was elected by the Shareholder's Meeting to operate until the Ministry of Economics would complete the tender procedure and elect new members of the Supervisory Board. At the moment, the Ministry of Economics has initiated a procedure for selection of new Supervisory Board members in order to appoint the new Supervisory Board in accordance with legal regulations and good corporate governance practice as soon as possible.

Additional information:
Jānis Irbe
Group Treasurer

Phone: +371 67 728 239

About Latvenergo

Latvenergo Group is one of the leading energy suppliers in the Baltics operating in electricity and thermal energy generation and trade, natural gas trade, electricity distribution services and lease of transmission system assets. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several times. International credit rating agency Moody's has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.

Latvenergo Group is comprised of the parent company Latvenergo AS (generation and trade of electricity and thermal energy, trade of natural gas) and seven subsidiaries - Latvijas elektriskie tīkli AS (lease of transmission system assets), Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (trade of electricity and natural gas in Estonia), Elektrum Lietuva UAB (trade of electricity and natural gas in Lithuania), Enerģijas publiskais tirgotājs AS (administration of mandatory electricity procurement process) and Liepājas enerģija SIA (generation and trade of thermal energy in Liepaja, electricity generation). All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia.