Announcement by Heirs of Late Valerijs Maligins

Announcement by Heirs of Late Valerijs Maligins

JSC Olainfarm hereby informs that it has received the folowing announcement from heirs of Valerijs Maligins.

Mutually Acceptable Agreement is Reached About Distribution of Inheritance of Valerijs Maligins.

Irina Maligina and Nika Saveljeva, daughters of Valerijs Maligins and his widow Elina Maligina have agreed about mutually acceptable conditions that will allow to renew the inheritance process without further obstacles.

The conditions of the agreement are confidential and all disputes related to the inheritance are solved.

"Our willingness to find the acceptable solution was based on our respect to our father and on interests of Olainfarm.  Certainty based on united understanding is the main precondition for stable operations of the company.  Future of the company is very important to us, we want to continue our family business, so it can continue being pride of our own and pride of Latvia,” say Irina Maligina and Nika Saveljeva

        Information prepared by:
         
         Salvis Lapins
         JSC Olainfarm
         Member of the Management Board
         Rupnicu iela 5, Olaine, Latvia, LV 2114
         Phone: +371 6 7013 717
         E-mail: Salvis.Lapins@olainfarm.lv