Notification on material event
Regarding relocation of the operation optimization activity of electrical plants of Energijos Tiekimas UAB to the 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.
Lietuvos Energija finished the reorganization of Energijos Tiekimas UAB and Energijos Sprendimų Centras UAB; Energijos Tiekimas UAB which continues its operation was merged with Energijos Sprendimų Centras UAB that terminated its operation without the liquidation procedure.
Upon completing the reorganization of Energijos Tiekimas UAB and Energijos Sprendimų Centras UAB, the Group further implements its strategy and purifies the areas of activities. Having regard to this fact, Lietuvos Energija has approved the initiation of separating the operation optimization activity of electrical plants of Energijos Tiekimas UAB by separating the activity of operation optimization of electrical plants from the succeeding company, Energijos Tiekimas UAB and establishing a new legal entity Gamybos Optimizavimas UAB on the basis of assets, equity capital and liabilities of the separated activity, and instructed the Board of Energijos Tiekimas UAB to prepare the conditions of separation.
It is planned that the Group’s new company Gamybos Optimizavimas UAB will commence activity in January. Lietuvos Energija would own 100 percent of Gamybos Optimizavimas UAB shares.
As it has been announced earlier, upon separating these activities, activities of Energijos Tiekimas UAB would be purified – the company will continue the sale of energy resources to customers as an independent supplier, whereas the specific activity of optimizing the operation regimes of electrical plants would be transferred to the new company Gamybos Optimizavimas UAB. The 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 will inform about its further actions in the manner set forth by laws.
For more information: Head of Lietuvos Energija Corporate Communication Projects Artūras Ketlerius, +370 620 76076, firstname.lastname@example.org