Energia
Ignitis Group and minority shareholders of its subsidiary AB Ignitis Gamyba reached a settlement
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.
As it was announced in the notifications on material events of the Company on 31 December 2019 and 3 January 2020, the minority shareholders of AB Ignitis Gamyba (hereinafter – GEN) filed lawsuits and asked to suspend the 4 December 2019 resolutions of the Extraordinary General Meeting of Shareholders of GEN to delist the shares of companies from trading on the Nasdaq Vilnius Stock Exchange. The courts applied the temporary protection measures and suspended the delisting of GEN. ( link ).
The Company informs that in order to ensure smooth processes related to the delisting and squeeze-out procedures, on 17 March Ignitis Group reached a settlement agreement (hereinafter – the Agreement) with the Investors' Association representing the minority shareholders of GEN (hereinafter – the Shareholders). On the same day, plaintiffs of the above-mentioned cases filed the waivers.
Ignitis Group in the Agreement committed:
Shareholders in the Agreement approved and agreed that:
The agreement will expire if any litigations will be brought in courts regarding ESO and Ignitis Gamyba delisting and / or squeeze-out and / or IPO of Ignitis Group and / or payment of dividends for ESO and / or GEN shareholders.
On the day Agreement settlement date the Company owns 96,82 percent of GEN shares.
Contact person: Ainė Riffel, Investor Relations Representative, e-mail aine.riffel@ignitis.lt
2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti