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ALT: Re specification of information

Spekuliantai.lt | 2010-05-12 | NASDAQ OMX biržų naujienos | perskaitė: 1134
Raktiniai žodžiai: Alita AB, ALT
ALT: Re specification of information

Alita AB Notification on material event 12.05.2010

Re specification of information

Supplementing the previously announced information about the actions of the
Share Fund of the Republic of Serbia and the Privatisation Agency of the
Republic of Serbia in termination of the privatisation agreement and
transferring to the Share Fund of the Republic of Serbia the shares of BIP AD
(Beogradska industrija piva) acquired by the public company ALITA (the
Company), hereby the Company informs that on 12 May 2010 it sent an official
notice to the Government of the Republic of Serbia with a copy to the
Privatisation Agency of the Republic of Serbia, the Share Fund of the Republic
of Serbia and the Embassy of the Republic of Lithuania in Serbia.
In the sent notice the Company stated that decisions adopted and actions
performed by the authorities of the Republic of Serbia infringe the interests
of the Company, as an investor, and do not comply with the principles
established in the 29 March 2005 Agreement of the Government of the Republic of
Lithuania and the Council of Ministers of Serbia and Montenegro on reciprocal
investment promotion and protection (the Agreement).
The Company also stated that the Republic of Serbia is responsible for the
violations of the provisions of the Agreement and the international law
committed by its authorities and must remunerate the losses sustained by the
Company.
An official notice of the Company by which the Company informs the Republic of
Serbia on the existing dispute, initiates official negotiations with the
Government of the Republic of Serbia regarding infringement of the rights of
the Company, as an investor, and invites to resolve the existing dispute by way
of amicable negotiations and agree on the place and time of the first meeting,
has been filed in accordance with the provisions of the Agreement.
The Company has also informed that basing on Article 9 of the Agreement, in
case of failure to resolve the dispute within 6 months by way of amicable
negotiations, the Company reserves the right to apply to International
Investment Dispute Resolution Centre or invoke another way of dispute
resolution stipulated in the Agreement.
Authorized to provide information: Vytautas Junevicius tel. +370 315 57243.

Vytautas Junevičius,
Director General, +370 315 57243

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