Information for Shareholders

We have compiled the most frequently asked questions received from our shareholders regarding the future accounting and handling of registered shares.

Where are the shareholders’ shares recorded?

Under Section 228 of the Commercial Law, registered shares are recorded in a shareholder register and the rights arising from registered shares belong to the person who, as a shareholder, is entered in the shareholder register. This means that the  “Latvijas Gāze” AS shares will from now on be listed in the shareholder register and a securities account for storing the “Latvijas Gāze” AS shares is no longer needed. The process of taking over the shareholder register involves a task assigned by the Central Securities Depository to its participants (commercial banks and investment firms) – to erase the Company’s shares held in their securities accounts, which was done on September 23, 2024.

In September 2024, the  “Latvijas Gāze” AS Board took over the Company’s shareholder register from NASDAQ CSD SE (the Central Securities Depository) and submitted it to the Enterprise Register for entry into the commercial register.

Where can one find information about the shareholders’ shares?

A full list (register) of shareholders will be publicly available to any shareholder on the Enterprise Register’s website at https://info.ur.gov.lv/#/legal-entity/40003000642 after the Enterprise Register adopts a resolution. (The documents are currently under review, no resolution has been adopted yet.)

What may the shareholders do with their shares?

Under Section 238 Paragraph one of the Commercial Law, the shareholders may freely use their shares, either keeping them or selling to another person. It is the shareholders’ competence to find a potential buyer and negotiate acceptable terms for both parties.

At what price may the shareholders sell their shares?

The par value of one share is 1.40 EUR. The share price is negotiated between the seller and the buyer and may not be lower than the par value.

To whom may the shareholders sell their shares?

The shareholders may sell their shares to other “Latvijas Gāze” AS shareholders (their contact details will be publicly available on the Enterprise Register’s website at https://info.ur.gov.lv/#/legal-entity/40003000642) or to other third parties at their discretion. Under the current regulatory framework, the Company – the “Latvijas Gāze” AS – does not buy shares back from its shareholders.

What does the shareholder need to do when an agreement with the potential buyer/seller of shares has been reached?

Upon reaching an agreement, the parties shall record the transaction in writing.

In the event of sale of shares, the buyer and the seller shall submit to the “Latvijas Gāze” AS Board a joint statement confirming the transfer of shares or an original or notary-approved copy of the transaction deed whereby the shares are transferred. The document shall be sent to the e-mail address of the “Latvijas Gāze” AS record-keeping office: lietvediba@lg.lv.

The “Latvijas Gāze” AS Board will prepare appropriate changes in the shareholder register – an updated division of the shareholder register has to be signed with a secure electronic signature or approved through a notarial procedure by both the buyer and the seller of the shares and by the “Latvijas Gāze” AS Board.

As soon as the updated division of the register is signed, the “Latvijas Gāze” AS Board will immediately submit it to the Enterprise Register for reflecting the changes made.


To help clarify these matters and provide the necessary information, we invite you to review all frequently asked questions for shareholders in the Questions and answers section.

Previous news

25.09.2024.
Statement to shareholders

"Latvijas Gāze" AS statement to shareholders regarding the conversion of "Latvijas Gāze" AS shares into registered shares

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08.08.2024.
Statement of the Board of “Latvijas Gāze” AS on the results of the share buyback offer

Having regard to the date of publication of the Offer prospectus on the website of the regulated market operator “Nasdaq Riga” AS (July 24, 2024), the Offer ended on August 7, 2024.

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30.07.2024. | finance
Statement by the Board of the “Latvijas Gāze” AS on the share buyback offer for delisting from the regulated market

The Board of the Company provides the following opinion under Section 28 of the Share Buyback Law.

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