The start of the official tender offer for shares of ESO and Ignitis gamyba
UAB Ignitis Grupė, (hereinafter – the Company, Ignitis Group) 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 international energy company Ignitis Group is starting a buy-out of shares of the company’s subsidiaries Energijos skirstymo operatorius (ESO) and Ignitis Gamyba.
Ignitis Group begins the official tender offers for the shares of the subsidiaries on 3 April, Friday. The period of the official tender offers during which the shares will be available for sale, will last for 20 days until 22 April (inclusive). The price paid for one share of ESO is 0.880 EUR and the price for one share of Ignitis Gamyba is 0.640 EUR. The official tender offer will be implemented through Nasdaq Vilnius together with SEB bank.
If minority shareholders will face difficulties in selling their shares to the Ignitis Group due to the imposed quarantine in the country, the company may evaluate the need to extend the term of the official tender offers.
“We will provide additional benefits to those who will sell their shares during the tender offer, so I would like to urge all minority shareholders of ESO and Ignitis gamyba to use this opportunity actively. Shareholders who will sell their shares now will be able to receive a bonus of the size of dividends. Moreover, these shareholders will have a unique opportunity to become shareholders of Ignitis Group when its initial public offering is implemented. I think it is a great opportunity to contribute to the historical event in the Lithuanian capital market,” says Darius Maikštėnas, Chairman of the Board and CEO of Ignitis Group.
Additional benefits for those who sell the shares
Those minority shareholders who had shares of ESO and Ignitis Gamyba as of 17 March 2020, and will sell them to Ignitis Group until 22 April 2020, when approved by the Bank of Lithuania, will have a pre-emptive right to acquire shares of Ignitis Group during the initial public offering.
The Boards of ESO and Ignitis Gamyba also made decisions to offer shareholders a dividend of 0.076 EUR and 0.056 EUR per share, respectively. If during general shareholders’ meetings of the companies which will be held on 30 April 2020 these resolutions are adopted, those shareholders who sold their shares to Ignitis Group at the time of the official tender offer, i.e. untill the rights accounting day, will get an additional bonus equal to the amount of dividends.
How to sell shares?
Shareholders with a personal securities account should submit an order to the bank or the financial brokerage company where the account is held, to sell owned shares to Ignitis Group until 22 April 2020 (inclusive).
If a shareholder does not have a personal securities account, he or she can open one in any bank or brokerage company. There, shareholders will be able to submit an application for the transfer of their shares from SEB bank, which acts as the accounting manager of the share issuer of ESO and Ignitis Gamyba, to personal account and submit an order to sell their shares.
Information on the number of owned shares of ESO and Ignitis Gamyba may be provided by a bank or financial brokerage company where shareholders have a securities account. Those who do not have a personal securities account should contact SEB bank, the issuer's accounting manager, by telephone (8 5) 268 2800 or by other contacts which you can find on the website www.seb.lt.
For more information please visit: www.ignitisgrupe.lt/delistingavimas
Artūras Ketlerius, Head of Public Relations at Ignitis Group; email@example.com