SIA Namejs 1, Aleftina Strulevica, Vladimirs Cadovics, Valentins Istomins and Sergejs Safronovs made a mandatory takeover bid to acquire an additional 17.01% minority stake in AS Rigas Juvelierizstradajumu Rupnica (RISE:RJR1R) for €0.22 million on October 20, 2020. As a part of transaction, SIA Namejs 1 will acquire 0.806647 million shares of AS Rigas Juvelierizstradajumu Rupnica at a price of €0.27 per share. Post transaction SIA Namejs 1 will hold 92.94% stake in AS Rigas Juvelierizstradajumu Rupnica. SIA Namejs 1 intends to continue the commercial activities of AS Rigas Juvelierizstradajumu Rupnica, implementation of the Offer is not related to change of business principles and suspension or termination of the main industry - jewelry production, jewelry wholesale and retail. The employees of AS Rigas Juvelierizstradajumu Rupnica will keep their jobs in accordance with the concluded agreements. Thus, employment in the AS Rigas Juvelierizstradajumu Rupnica will not be affected, as well as the location of business will not be changed. The closing of the share repurchase offer will be followed by the exclusion of the shares from the regulated market. The transaction is subject to approval from the Financial and Capital Market Commission. The takeover bid will last for 50 calendar days, from the day when information on the takeover bid is published in the official journal “Latvijas Vestnesis”. The offer shall commence on November 20, 2020 and end on January 8, 2021. As of December 23, 2020, the offer period will be extended from 50 days to 70 days, now offer will close on January 28, 2021. SIA Namejs 1, Aleftina Strulevica, Vladimirs Cadovics, Valentins Istomins and Sergejs Safronovs completed the acquisition of an additional 17.01% minority stake in AS Rigas Juvelierizstradajumu Rupnica (RISE:RJR1R) on January 28, 2021. On February 11, 2021, SIA Namejs 1, Aleftina Strulevica, Vladimirs Cadovics, Valentins Istomins and Sergejs Safronovs hold 94.72% stake in AS Rigas Juvelierizstradajumu Rupnica. On February 15, 2021, a share purchase offer was made to the minority shareholders who failed to sell their shares during the mandatory share repurchase offer for the same repurchase price of €0.27 per share. The offer will be opened till February 18, 2021. As of February 23, 2021, SIA Namejs 1 has acquired 95.03% of total shares of AS Rigas Juvelierizstradajumu Rupnica. As of February 26, 2021, Financial and Capital Market Commission has received a final takeover bid for the remaining stake for the same price of €0.27 per share. Financial and Capital Market Commission on March 9, 2021 decided to allow AS “Rigas juvelierizstradajumu rupnica” shareholder SIA “NAMEJS 1” to organize the final takeover bid for AS “Rigas juvelierizstradajumu rupnica” shares. On March 11, 2021, the final bid was published and on march 12, 2021 Nasdaq Riga, according to Nasdaq Baltic Members Rules, decided to suspend trading in AS „Rigas juvelierizstradajumu rupnica” (RJR1R, ISIN: LV0000100543) shares and flush the order book on March 16, 2021 after the end of the trading session.