SIA Namejs 1, Aleftina Strulevica, Vladimirs Cadovics, Valentins Istomins and Sergejs Safronovs made a mandatory takeover bid to acquire an additional 17.01% minority stake in AS Rigas Juvelierizstradajumu Rupnica (RISE:RJR1R) for €0.22 million on October 20, 2020. As a part of transaction, SIA Namejs 1 will acquire 0.806647 million shares of AS Rigas Juvelierizstradajumu Rupnica at a price of €0.27 per share. Post transaction SIA Namejs 1 will hold 92.94% stake in AS Rigas Juvelierizstradajumu Rupnica. SIA Namejs 1 intends to continue the commercial activities of AS Rigas Juvelierizstradajumu Rupnica, implementation of the Offer is not related to change of business principles and suspension or termination of the main industry - jewelry production, jewelry wholesale and retail. The employees of AS Rigas Juvelierizstradajumu Rupnica will keep their jobs in accordance with the concluded agreements. Thus, employment in the AS Rigas Juvelierizstradajumu Rupnica will not be affected, as well as the location of business will not be changed. The closing of the share repurchase offer will be followed by the exclusion of the shares from the regulated market. The transaction is subject to approval from the Financial and Capital Market Commission. The takeover bid will last for 50 calendar days, from the day when information on the takeover bid is published in the official journal “Latvijas Vestnesis”. The offer shall commence on November 20, 2020 and end on January 8, 2021. As of December 23, 2020, the offer period will be extended from 50 days to 70 days, now offer will close on January 28, 2021.