Published: 2019-03-27 15:00:00 CET
Energijos Skirstymo Operatorius AB
Notification on material event

Regarding the refusal of commercial services of Energijos Skirstymo Operatorius AB

Energijos Skirstymo Operatorius AB (hereinafter – the Company), identification code 304151376, registered office address Aguonu g. 24, Vilnius, Republic of Lithuania. The total number of registered ordinary shares issued by the Company is 894 630 333; ISIN code LT0000130023.
                                                      
On 27 March 2019, the Board of Energijos Skirstymo Operatorius AB made a decision to refuse the provision of the following commercial services as from 1 June 2019, including, the sale of heat pumps and solar power plants, the installation of electric car charging stations, gas cylinder terminals, as well as the provision of services of electricians and gas specialists on call. New orders for these services will no longer be accepted as from 1 June of this year, however, contracts with suppliers for orders received before the said date will be completed within the deadlines set in the contracts.

This decision continues the refinement of the activities of the Company as a distribution network operator. According to the Company’s estimates, the refusal of the commercial services will have no significant impact on the Company's financial results.

The above-mentioned decision is related to the implementation of the updated strategy of the Company and Lietuvos Energija Group covering the period up to 2030 in order to empower the market, by providing conditions for market participants to create and provide services in competition with each other.

The Company will continue to focus on a reliable and efficient performance of functions of the electricity and natural gas distribution network operator – a safe distribution of electricity and gas, operation, maintenance and development of distribution networks, fixing of network failures, connection of new customers, assurance of guarantee electricity and gas supply, and the implementation of other provisions of the updated strategy of the Company.

Person for contacts: Representative for Public Relations Tomas Kavaliauskas, tel. 8617-51616