Published: 2020-04-02 16:30:00 CEST
Ignitis gamyba
Other information

The start of the official tender offer for shares of Ignitis gamyba

AB “Ignitis gamyba” (hereinafter referred to as the Company) company code 302648707, registered office at Elektrinės st. 21, Elektrėnai. The total number of registered ordinary shares issued by the Company is 648 002 629; ISIN code LT0000128571.

The international energy company Ignitis Group is starting a buy-out of shares of the company’s subsidiary Ignitis Gamyba.

Ignitis Group begins the official tender offers for the shares of the Company 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 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.

Additional benefits for those who sell the shares

Those minority shareholders who had shares of the Company 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 Board of the Company also made decision to offer shareholders a dividend of 0.056 EUR per share. If during general shareholders’ meeting of the Company 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. until 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 Ignitis Gamyba, to personal account and submit an order to sell their shares.

Information on the number of owned shares of 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.ignitisgamyba.lt/delistingavimas or www.ignitisgrupe.lt/delistingavimas

Tadas Markevičius, Public Relations Manager, +370 676 28911, tadas.markevicius@ignitis.lt