OREANDA-NEWS. May 05, 2010. JSC „Ventspils nafta” (VN) informs that company is planning to submit the annual report for 2009 till July 31, 2010, if associated company JSC „Latvijas Kugnieciba” (LASCO) has by that deadline submitted their approved audited 2009 annual reports. However, if LASCO does not meet the deadline and has not submitted their approved audited annual report for 2009 by July 31, VN will publish annual report for 2009 as soon as LASCO has approved and published theirs.

Ernst & Young Baltic, the auditors of VN, had in advance informed VN Management Board that in order for VN to duly prepare its own annual reports, VN needs the audited and approved annual reports of LASCO for 2009.

VN several times has requested LASCO Management Board and the Supervisory Council to convene the annual shareholders' meeting of LASCO for approval of the annual reports for 2009 until the end of April, 2010.