Rigas kugu buvetava
Regarding registration of commercial mortgage
Rigas kugu buvetava 03.08.2011 17:04 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- JSC 'Rīgas kuģu būvētava' give a formal reference to the 2011th On the first August publication in the newspaper Dienas Bizness and on http://www.db.lv/razosana/rigas-kugu-buvetava-registrejusi-komerckilas-vairak-ne ka-22-miljonu-latu-apmera-242440 Regarding registration of commercial mortgage Since year 2003 there is concluded an agreement on overdraft and guarantee line with Nordea bank Finland Plc. The money of overdraft is being used to fulfill the orders; the investments are made to increase the current assets. The guarantees released by the bank are pro - customer. As a commitment ensures commercial mortgage registered pro Nordea Bank Finland Plc. on all rights on all claims, stock and debtors debts. In May 2011 there was a contract concluded between JSC 'Rīgas kuģu būvētava' and the customer from Russia on designing and complete building of two leisure ships of River class The planned volume is up to seven million Euros. The it is planned to release those ships in year 2012. Considering the Project is performed using Customers money, which is received by parts accordingly to contract, on customer's request JSC 'Rīgas kuģu būvētava' agreed with Nordea Bank Finland plc. to renew registered commercial mortgage, dividing the commercial mortgage on materials, which have been purchased using the customers the citizen of Israel Naor Azrayev money, the right on claims against the suppliers of materials. The maximum sum of mortgage of rights on claims and stock didn't exceed 3,8 mln. Euros. There is a chance to get to know the list of description of the mortgaged property at the published information of Lursoft. 03.08.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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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