Notification on material event
Lietuvos Energija plans to outsource the activity of optimizing the operation of electrical plants by Energijos Tiekimas UAB to a newly established company
Lietuvos Energija, UAB (hereinafter – the Company or Lietuvos Energija), legal entity code: 301844044, registered office address: Žvejų st. 14, LT-09310 Vilnius.
The gross nominal value of the bonds issued by Lietuvos Energija, UAB, is EUR 600,000,000, ISIN codes – XS1646530565; XS1853999313.
As it has been announced earlier, by implementing the new strategy and gradually purifying and consolidating trade, supply of electricity and natural gas, as well as associated activities, on 8 October 2018 Lietuvos Energija approved conditions for the reorganization of Energijos Tiekimas UAB and Energijos Sprendimų Centras UAB under which the company continuing its activities, Energijos Tiekimas UAB, is merged with Energijos Sprendimų Centras UAB that will terminate its operation without the liquidation procedure.
Upon completing the reorganization of these companies, it is planned to initiate outsourcing the activity of optimizing the operation of electrical plants by Energijos Tiekimas UAB to a newly established enterprise. It is planned that the Group’s new enterprise, Gamybos Optimizavimas UAB, would commence its operation on 1 January. Lietuvos Energija would own 100 percent of Gamybos Optimizavimas UAB shares.
Upon separating these activities, activities of Energijos Tiekimas UAB would be purified – the company would continue the sale of energy resources to customers as an independent supplier, whereas specific activity of optimizing the operation modes of electrical plants would be transferred to the newly planned company Gamybos Optimizavimas UAB. The planned separation of activities will have no effect on customers of Energijos Tiekimas UAB and all obligations assumed by Energijos Tiekimas UAB will be continued.
The company notes that currently, no decisions have been adopted by competent bodies regarding outsourcing the activity of optimizing the operation of electrical plants by Energijos Tiekimas UAB. The company will inform on any further actions under the procedure set out in the laws.
The Company will inform about its further actions in the manner set forth by laws.
More information: Head of Corporate Communications of Lietuvos Energija, Laura Šebekienė, +370 633 99940, email@example.com