Last year, the average price of one share of the gas company Latvijas Gāze on the Riga Nasdaq exchange was 9.28 euros, and now, after leaving the exchange, the company is offering to buy back shares for 3.35 euros per share. Isn't this putting pressure on minority shareholders? At least one minority shareholder of Latvijas Gāze doubts the fairness of the set share buyback price. Financial market expert Andrei Martynov also believes that the proposal is not attractive to minority shareholders. When a company participating in public trading leaves the stock exchange, it is obliged to offer to buy back shares from existing investors. Nasdaq Riga Stock Exchange representative Sanita Gailane told Delfi Bizness that there are usually three main reasons why companies leave the exchange: if the main shareholder changes, if the existing main shareholder changes strategy, or if the company believes that the publicity of the exchange is holding back development. In itself, “this is a completely normal process.” In world practice, there are also cases of companies leaving the stock exchange, sometimes they return later.
