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LEN: LEN:Anticipated action plan with respect to spin-off of LIETUVOS ENERGIJA AB and establishment of LITGRID turtas AB and its listing on AB NASDAQ OMX Vilnius

Spekuliantai.lt | 2010-11-04 | NASDAQ OMX biržų naujienos | perskaitė: 1315
Raktiniai žodžiai: Lietuvos Energija AB, LEN
LEN: LEN:Anticipated action plan with respect to spin-off of LIETUVOS ENERGIJA AB and establishment of LITGRID turtas AB and its listing on AB NASDAQ OMX Vilnius

Lietuvos Energija AB Notification on material event 04.11.2010

LEN:Anticipated action plan with respect to spin-off of LIETUVOS ENERGIJA AB and
establishment of LITGRID turtas AB and its listing on AB NASDAQ OMX Vilnius

As it was already announced, on October 28, 2010 the extraordinary general
shareholders meeting of the joint-stock company LIETUVOS ENERGIJA (legal entity
code - 220551550, legal status - joint-stock company, registered address:
Elektrinės g. 21 Elektrėnai, Vilnius, the Republic of Lithuania, data about the
company are collected and stored at Vilnius branch of VĮ Registrų Centras,
Division of Registry of Legal Entities), resolved to approve the spin-off
conditions of Lietuvos Energija AB, following which, through separation of a
part of activity of Lietuvos Energija AB, under conditions defined in the
spin-off conditions, LITGRID Turtas AB, a new company of the same legal status,
shall be established, which after spin-off will perform activity transferred to
it, and to which after spin-off, under procedure established in the conditions,
will be transferred a part of assets, rights and duties of Lietuvos Energija
AB, related to the part to be spun-off.

Hereby, the information on anticipated action plan with respect spin-off of
Lietuvos Energija AB is provided.

2010-11-05 - after the termination of trading session of November 5, 2010, it
is anticipated that trading in shares of Lietuvos energija AB at AB NASDAQ OMX
Vilnius stock exchange will be suspended.

Until 2010-11-15 - it is anticipated that LITGRID Turtas AB will be registered
in the Registry of Legal Entities of the Republic of Lithuania.

Until 2010-12-14 - the preparation and publication of the final and revised
lists of the assets transferred to LITGRID Turtas AB and of the final spin-off
balance sheets.

2010-12-15 - renewal of the trading in shares of Lietuvos energija AB.

2010-12-(20-22) - anticipated commencement of the trading in shares of LITGRID
Turtas AB.

This action plan is subject to certain conditions which are in control of
Lietuvos energija AB or LITGRID Turtas AB and therefore the changes of the plan
may occur. In case of material deviation from this action plan, Lietuvos
energija AB will provide additional information.

Further information on the spin-off of the joint-stock company LIETUVOS
ENERGIJA is available on the website of LIETUVOS ENERGIJA http://www.le.lt

Jūratė Kavaliauskaitė
Head of Communications
Tel. +370 619 62019
E-mail:jurate.kavaliauskaite@lpc.lt

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