Joint Stock Company's "Latvijas Gāze" announcement on the LTV’s “De facto” story about the Joint Stock Company “Latvijas Gāze”, broadcasted on August 21, 2022
2022年8月23日 - 8:00PM
Joint Stock Company's "Latvijas Gāze" announcement on the LTV’s “De
facto” story about the Joint Stock Company “Latvijas Gāze”,
broadcasted on August 21, 2022
The Joint Stock Company “Latvijas Gāze” has
gotten acquainted with the story about the Joint Stock Company
“Latvijas Gāze”, broadcasted on LTV’s “De facto” on August 21, 2022
and in this regard announces the following.
The title of the story, or the main information
to be conveyed to the audience at the lower part of the screen
above the news ticker, does not match the opinions voiced in the
story itself. When announcing the story, the presenter of the show
mentions that the adopted amendments to the National Security Law
only apply to commercial companies of significance to national
security. In the story itself, too, it is explained that the
purpose of the amendments to the National Security Law has been to
restrict the voting rights of entities from the Russian Federation
and the Republic of Belarus in commercial companies of significance
to national security in Latvia. However, neither the announcement
nor the story itself goes on to substantiate why the Joint Stock
Company “Latvijas Gāze” does not constitute such company.
Contrary to what was stated in the story, the
Joint Stock Company “Latvijas Gāze” stresses that it
is not a commercial company of significance to
national security under the current regulatory framework.
Furthermore, the Joint Stock Company “Latvijas Gāze” is not aware
of any of its shareholders impeding the reorganisation of the Joint
Stock Company “Latvijas Gāze”. We can also assure that in its
business activities the Joint Stock Company “Latvijas Gāze”
strictly abides by the requirements of laws and its corporate
governance documents.
The Joint Stock Company “Latvijas Gāze”
understands that the freedom of word and press is a key
precondition of democracy. Nevertheless, exercising this freedom is
subject to certain rules of legal nature and of professional
ethics, a breach of which may lead to distribution of false and
even misleading information. In this regard, the Joint Stock
Company “Latvijas Gāze” stresses in particular that the analysis
reflected in the story is generalised and the Joint Stock Company
“Latvijas Gāze” cannot treat such story as analytical and sensible
information with a meaning and impact from an investor awareness
standpoint.
The Board of the JSC “Latvijas Gāze”
On the JSC “Latvijas Gāze”
Latvijas Gāze is one of the leaders of the
Baltic energy industry.Our goal is to consolidate the leading
position of the Latvijas Gāze Group in the Latvian and Baltic
energy market by becoming the customers’ first choice among natural
gas suppliers and providing the most reliable natural gas supply
for the entire region.The wholesale and sale of natural gas to
business customers is carried out in Latvia, Lithuania and Estonia.
Following the opening of the Finnish gas market on January 1, 2020,
Latvijas Gāze has successfully started natural gas trading in
Finland as well. In the household segment, Latvijas Gāze is the
biggest and most prominent natural gas trader in Latvia.After
Latvia regained its independence in 1991, a joint state-owned
company “Latvijas Gāze” was established by merging the Latvian gas
infrastructure and institutions. The privatisation of the company
was commenced in 1997 and completed in 2002. Since February 15,
1999, the shares of the JSC “Latvijas Gāze” have been quoted on the
Nasdaq Riga stock exchange. Taking into account the requirements of
the European Union for the establishment of the natural gas market
and the expiry of the privatisation agreement between the state and
the shareholders of Latvijas Gāze, the unified transmission and
storage operator JSC “Conexus Baltic Grid” was separated from
Latvijas Gāze in early 2017, followed by the separation of the
distribution system operator JSC “Gaso” on December 1, 2017.
Contact information: Sandra
Jokstainvestor.relations@lg.lvphone + 371 67 374 369
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