Rigas kugu buvetava
Notice of the court’s decision and on the manufacturing process of the Company

Rigas kugu buvetava 

19.03.2015 16:16

Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

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Riga City Northern District Court on Thursday 19th of March, gave judgment to
terminate the proceedings of JSC 'Riga Shipyard' (hereinafter - Riga Shipyard)
insolvency case after the company 'LPP NORDWEG SHIP REPAIR' application. 

This year has started successful in both the shipbuilding and ship repair
sectors.  Riga Shipyard already has carried out extensive repairs to 10 ships
this year, which provided workload in the winter season but at the moment 4
vessels are being repaired. 

Next week, on 26th of March, it is planned to launch a newly built ship hull
from the slipways. This will be the first hull to be launched this year. The
hull is built for Danish company Vestvaerftet Aps, which specializes in fishing
trawler building and fitting. Riga Shipyard has been cooperating with
Vestvaerftet Aps since 1998, which has resulting in building of more than 30
hulls. 

Active marketing policy of Riga Shipyard ensured a stable work of the factory
in Ship repair as well as Ship building industries that allows planning the
increase of turnover and profit in 2015. 


         Ivars Bangeris
         Lawyer
         Phone: +371 67080841
         e-mail: ivars.bangeris@riga-shipyard.com
News Source: NASDAQ OMX



19.03.2015 The DGAP Distribution Services include Regulatory Announcements,
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Language:     English
Company:      Rigas kugu buvetava
              
               
              Latvia
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         LV0000100378
WKN:          
 
End of Announcement                             DGAP News-Service
 
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