Notification on material event
The amended Articles of Association of AB “Snaigė” is registered in the Register of Legal Entities
On 24 September 2019 the amended Articles of Association of AB “Snaigė” (further – Company) was registered in the Register of Legal Entities. Articles of Association was changed by implementing on 14 August 2019 extraordinary general meeting of shareholders approved decision to reduce Company’s authorized capital.
After this change the authorized capital of the Company is EUR 10 301 822.70, (ten million three hundred one thousand eight hundred twenty two euro and 70 eurocents). The nominal value of one share is 0.26 euro. The number of shares remained unchanged and is 39622395 pcs.
This reduction of the Company's authorized capital does not affect the Company's operations or solvency, but is merely a technical adjustment of the Company's equity structure to comply with the provisions of the Law on Companies of the Republic of Lithuania. As a result of this adjustment, neither the size of the equity of the Company nor the size of the assets of the Company is affected.
Attached: Articles of Association of AB “Snaigė” registered in the Register of Legal Entities on 24 September 2019.
Managing director Mindaugas Sologubas