Reference is made to Stock Exchange notice on the 22nd of March regarding UAB “LIEPU PROJEKTAS” (Buyer) – a company controlled by board member and primary insider James Andrew Clarke – entering into an agreement with BCP AS, Visgun AS, Emerging Europe Commercial Properties AS and Eruca AS (Sellers) for the Buyer’s acquisition of in aggregate 1,779,721 shares in Baltic Sea Properties AS from the Sellers at a price per share of NOK 56.
The transaction has now been completed on the 4th of May 2021.
After the completed transaction, UAB “LIEPU PROJEKTAS” holds 1,779,721 shares in Baltic Sea Properties AS equal to 26.61% of the outstanding shares.