Published: 2019-09-18 15:50:00 CEST
Zemaitijos Pienas
Notification on material event


On September 18, 2019, ‘Žemaitijos pienas AB‘ obtained on the basis of purchase – sell transaction 100 per cent (70 000 pcs.) of ordinary registered shares of ‘Baltijos mineralinių vandenų kompanija UAB‘, company code 141763534, former address: Mazeikiu str. 4, Telsiai, of 30 Eur nominal value each, authorized capital - 2 100 000 Eur. The shares belonged under common joint  ownership right to Algirdas Pazemeckas and Danute Pazemeckiene, these shareholders manage most of shares (votes) of ‘Žemaitijos pienas AB‘.

The shares have been assessed by an independent valuator ‘Verslavita UAB‘ and it has been determined that market value of one nominal ordinary registered share in the amount of 30 Eur is 27.30 Eur, the value of all 70 000 pcs. shares is 1 912 000.00 Eur. ‘Žemaitijos pienas AB‘ obtained a 100 per cent shares package, i. e. 70 000 pcs. of shares, for 1 912 000.00 Eur, with payment deadline of December 31, 2019 (date of transaction termination).

It has to be noted that audit committee of ‘Žemaitijos pienas AB‘ (see[1], publicized on  Nasdaq informatio system) and supervisory board evaluated the transaction and made conclusions that the transaction meets market conditions and is fair in respect of shareholders of the company and did not contradict to conclusion of the transaction.

Gintaras Keliauskas
+ 370 444 22208,