AS Virsi A : On the adoption of a decision on reorganisation

VIRŠI-A
Company Announcement On the adoption of a decision on reorganisation

On 29 June 2023, the Board of AS VIRŠI-A has adopted a decision to reorganise the company by merger with its subsidiary SIA Viršu nekustamie īpašumi. The reorganisation agreement was concluded on 29 June 2023 and provides that, as a result of the reorganisation, all assets, rights and liabilities of SIA Viršu nekustamie īpašumi will be transferred to AS VIRŠI-A and SIA Viršu nekustamie īpašumi will cease to exist without liquidation proceedings.

The reorganisation will simplify the structure of the AS VIRŠI-A group of companies, make its management more efficient and reduce administrative costs.

Find enclosed:

1. Board decision;
2. Reorganisation Agreement;
3. Reorganisation prospectus.

The shares of AS VIRŠI-A are admitted to trading on Nasdaq Baltic First North Market. The certified adviser for AS VIRŠI-A is Law Office Eversheds Sutherland Bitāns. Virši is a rapidly growing energy commodities trader and convenience store network with 28 years of experience. Currently there are 70 service stations in the Virši network and these employ over 740 employees across all of Latvia. On November 11, 2021, AS VIRŠI-A shares were admitted to trading on the alternative market First North of Nasdaq Riga stock exchange.

Contact details:
AS VIRŠI-A
Undīne Priekule
E-mail: [e-mail]
Telephone: [phone]

Certified adviser:
ZAB Eversheds Sutherland Bitāns SIA
Justīne Ignatavičute
E-mail: [e-mail]
Telephone: [phone]

Attachments:
Board_decision_2023_06_29.pdf
Prospectus_2023_04_28.pdf
Reorganization_agreement_2023_06_29.pdf