Published: 2019-12-13 11:42:12 CET

Notice on Results of Latvenergo AS Noteholders' Meeting

Riga, 2019-12-13 11:42 CET -- Latvenergo AS hereby informs that on 12 December 2019 at AC Hotel by Marriott Riga, Dzirnavu iela 33, Riga, LV-1010, Latvia, a meeting of the noteholders of EUR 100,000,000 Notes due 2022 (ISIN code: LV0000801777) issued under Latvenergo AS Second programme for the issuance of Notes in the amount of EUR 100,000,000 was held.

The noteholders at the noteholders' meeting passed a resolution pursuant to which the noteholders resolved to grant to Latvenergo AS a consent for disposal of its shares in Latvijas elektriskie tīkli AS. Noteholders holding the Notes in the aggregate principal amount of EUR 68,627,000 voted for granting the consent. No noteholders voted against the consent.

An excerpt from the meeting minutes of the noteholders' meeting and granted consent is attached hereto. The noteholders may get acquainted with the full text of the meeting minutes of the noteholders' meeting at the offices of Latvenergo AS at Pulkveža Brieža iela 12, Riga, LV-1230, Latvia, on business days within the limits of business hours of Latvenergo AS upon request.

Additional information:

Jānis Irbe
Group Treasurer
Phone: +371 67 728 239

Inese Vilciņa
Financing and Investor Relations Manager
Phone: +371 67 728 767


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.