Published: 2020-01-10 15:21:57 CET
Ignitis grupė
Interim information

Regarding the information submitted to the Bank of Lithuania about official tender circulars of subsidiaries shares

UAB Ignitis grupė, (hereinafter – the Company) identification code 301844044, registered office placed at Žvejų str. 14, Vilnius, Republic of Lithuania. The total nominal value of issued bonds 600 000 000 EUR; ISIN codes XS1646530565; XS1853999313.

The Company informs that after consultation with the Bank of Lithuania, it discloses information that official tender circulars of AB Energijos skirstymo operatorius and AB Ignitis gamyba, both the subsidiaries of Ignitis Group, were submitted to Bank of Lithuania. It is noteworthy that these circulars and the specified prices in these circulars are not approved by the Bank of Lithuania yet.

In the official tender circular of AB Energijos skirstymo operatorius which was submitted to the Bank of Lithuania by the voluntary tender offer of Ignitis Group, it is specified that the price to be paid for one share of AB Energijos skirstymo operatorius amounts to EUR 0.880. This price is equal to the 6-month weighted average, until the day of announcement about intention to delist shares from trading on a regulated market (from 9 May 2019 until 8 November 2019 inclusive), of the stock market price which is equal to EUR 0.703 and the bonus which is equal to EUR 0.177. This bonus is paid by taking into consideration that it is intended to initiate mandatory buyout of shares of AB Energijos skirstymo operatorius after implementing the official tender and for smooth implementation of the official tender.

In the official tender circular of AB Ignitis gamyba which was submitted to the Bank of Lithuania on 30 December 2019 by the voluntary tender offer of Ignitis Group, it is specified that the price to be paid for one share of AB Ignitis gamyba amounts to EUR 0.640. This price is equal to the 6-month weighted average, until the day of announcement about intention to delist shares from trading on a regulated market (from 9 May 2019 until 8 November 2019 inclusive), of the stock market price which is equal to EUR 0.550 and the bonus which is equal to EUR 0.090. This bonus is paid by taking into consideration that it is intended to initiate mandatory buyout of shares of AB Ignitis gamyba after implementing the official tender and for smooth implementation of the official tender.

In the official tender circulars it is also specified that if at the General meetings of shareholders of AB Energijos skirstymo operatorius and/or AB Ignitis gamyba in the year 2020 the decisions will be adopted to pay dividends for the shareholders of AB Energijos skirstymo operatorius and Ignitis gamyba for the year 2019, Ignitis Group, the offeror of the non-competitive mandatory tender, will pay the additional bonus for those shareholders who would sell their shares at a time of official tender offer. This bonus will be paid by Ignitis Group as a part of whole price, which is paid for shares. The amount of this additional bonus shall be equal to the amount of dividends that such shareholder would have received in proportion to the shares he held and sold to Ignitis Group at the time of the official tender offer, if he had been a shareholder of AB Energijos Skirstymo Operatorius and / or AB Ignitis Gamyba on the record date of the rights of shareholders. It should be noted that this obligation of the Company regarding payment of the additional bonus is conditional and in no way is a promise or an obligation to propose or decide to pay dividends for the year of 2019 to the shareholders of AB Energijos Skirstymo Operatorius and / or AB Ignitis Gamyba. Also this does not mean that the management boards of AB Energijos Skirstymo Operatorius and AB Ignitis Gamyba have already made decisions to propose dividends to the shareholders of these companies for the year of 2019. Companies' decisions to offer to pay or not to pay dividends to their shareholders will be made in accordance with applicable dividend policy and other legal acts and following the audit of annual financial statements for the year of 2019 of these companies.

The comparisons of the prices in the official tender circulars with the trading data of the subsidiaries are provided in the annexes to this announcement.

As announced earlier, now legal proceedings are taken regarding the delisting of subsidiaries. On 6 January 2020 AB Energijos skirstymo operatorius appealed to District Court of Vilnius City regarding the 31 December 2019 decision of the Court to apply temporary protection measures and suspend the 4 December 2019 resolutions of the Extraordinary General Meeting of this company.

On 7 January 2020 Ignitis Gamyba appealed to District Court of Vilnius Region regarding the 3 January 2020 decision to apply temporary protection measures and suspend the 4 December 2019 resolutions of the Extraordinary General Meeting of Shareholders of this company.

Artūras Ketlerius, Head of public relations, arturas.ketlerius@ignitis.lt

Attachments


AB ESO prekybos akcijomis duomenys.jpg
AB IGNITIS GAMYBA prakybos akcijomis duomenys.jpg