Skip to main content

Ownership rights of all ESO shares have been transferred to Ignitis Group

Written by Customer Service on . Posted in Public Companies.

AB “Ignitis grupė” (hereinafter – the Parent Company) informs that following the decision of Vilnius District Court (hereinafter – the Court) of 2 April 2021, managers of securities accounts on 15 April have transferred money for the shares of AB “Energijos skirstymo operatorius” (hereinafter – ESO) held by minority shareholders in their personal securities accounts. Shareholders holding ESO shares in the issuer’s accounts will be transferred money after submitting a request to SEB bank (see below).

On 15 April, managers of securities accounts made records on the transfer of ownership rights for the remaining ESO shares to the Parent Company and, from this day, 100% of ESO shares are held by the Parent Company.

Money for the ESO shares was transferred to ESO minority shareholders holding shares in private accounts. ESO shareholders who hold shares in the issuer’s accounts must contact SEB bank from 15 April and make a request to transfer the money for the shares to the indicated cash account:

  • SEB bank customers can do that at any SEB bank branch or using a SEB internet banking system. It should be indicated which company’s shares must be paid for and the number of the private account to which the money should be transferred
  • Non-SEB bank customers can submit a request to transfer the money for the shares by booking a meeting at a SEB bank’s branch in advance. The person must provide an identity document at the meeting.

As announced on 2 April 2021 (link), the Court has made a decision to approve the Parent Company’s statement on the establishment and recognition of a fact of legal significance that the rights of ownership of all unsold shares during the mandatory buyout of ESO shares are the property of the Parent Company and obliged the securities accounts’ managers to make records of the transfer of the rights of ownership to the Parent Company.

For more information please contact:

Artūras Ketlerius
Head of Public Relations at Ignitis Group
arturas.ketlerius@ignitis.lt
+370 620 76076

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.