Skip to main content

Regarding the claim brought before the Court and the temporary protection measures applied

Written by Customer Service on . Posted in Public Companies.

AB Ignitis Grupė, (hereinafter – the Company) identification code 301844044, registered office placed at Žvejų str. 14, Vilnius, Republic of Lithuania. The total nominal value of issued bonds 900 000 000 EUR; ISIN codes XS1646530565; XS1853999313; XS2177349912.The Company informs that on 10 August 2020 Vilnius Regional Court (hereinafter – the Court), received a claim from V. P. Vaitaitis, a shareholder of AB Energijos skirstymo operatorius (hereinafter – ESO), requesting the court:To determine the fair buyout price of his ESO shares;To suspend mandatory buy-out of shares of ESO until final decision in this case becomes effective.The Court informed the Company that on 12 August 2020 it applied the temporary protection measures and suspended mandatory buy-out of shares of ESO until final decision in this case becomes effective. This means that as of this date, financial intermediaries can not accept shareholders’ requests to sell ESO shares.According to the Company, this claim does not affect the process of delisting the shares of  ESO and AB Ignitis Gamyba from trading on the regulated market, which ended on 1 July 2020 and the ongoing mandatory buy-out of shares of AB Ignitis Gamyba or the Company’s preparation for the initial public offering.The Company will analyse the decision of the Court and the documents and decide on further actions.As announced previously (link), on 5 August 2020 the Company made a decision that the minority shareholders of AB Ignitis gamyba and ESO who comply with the Agreement of 17 March 2020 will retain the pre-emptive right to acquire the Company’s shares during the initial public offering of the Company’s shares.

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.