"Shareholders of Rokiškio sūris decide to reduce capital and acquire their own shares

Asociatyvi nuotr. Canva nuotr.

One of the largest dairy processing companies in Lithuania „Rokiškio sūris“ will reduce the authorised capital by EUR 1.04 million to EUR 1.04 million. Rokiškio sūris“ will reduce its authorised capital by EUR 1.5 million to EUR 9.36 million by cancelling 10 percent of the repurchased shares (3.59 million units), the company's shareholders decided on Thursday, „Rokiškio sūris&ldquois&ldquois announced on the Vilnius Stock Exchange via „Nasdaq“.

In addition, the company will buy back up to 10% more of its own shares within 1.5 years at a price of EUR 1.98 to EUR 2.94 each. These will not be sold, but cancelled through a reduction in the share capital.

At the end of May, the company acquired 2.7 million treasury shares for almost €6 million, representing 7.6% of its authorised capital, and with the 3.6 million shares previously acquired, the company's shareholding is now at 10%. 

In mid-April, it was announced that a strategic investor, the world's largest exporter of milk, – a New Zealand company „Fonterra “, which had a 10% stake in the company, had exited from „Rokiškio sūris““.

The final beneficiaries of „Rokiškio suris“ are Antanas and Dalius Trumpos.  

„Rokiškio surio“ shares are listed on the Official List of the Stock Exchange.

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