Lietuvos energijos gamyba, AB - Notification on material event

Regarding the decisions made by the Supervisory Board and the Board of Lietuvos Energijos Gamyba, AB

Elektrėnai, Lithuania, 2016-02-19 15:00 CET (GLOBE NEWSWIRE) -- Lietuvos
Energijos Gamyba, AB (company code 302648707, registered head office address
Elektrinės Str. 21, Elektrėnai, hereinafter referred to as ‘the Company’)
hereby informs about the decisions made during the meetings of the Supervisory
Board and the Board of the Company that took place on 19 February 2016. 

During the meeting, the Supervisory Board of the Company made the following
decisions: 

  -- Considering that Juozas Bartlingas submitted a notice of resignation as a
     member (the chairman) of the Board and the chief general manager of the
     Company to the Company and the parent company Lietuvos Energija, UAB, to
     recall Juozas Bartlingas, the chairman of the board and the general manager
     of the Company, from his post as a member (the chairman) of the board of
     the Company as of the day of the decision.
  -- To recall Vidmantas Salietis from his post as a member of the Board of the
     Company as of the day of making this decision. V. Salietis shall be removed
     from the board as per the project implemented by the Company to transfer
     commercial electricity wholesale trade activity to Energijos Tiekimas UAB
     and according to the corresponding changes of the structure of the Company.
  -- In accordance with the opinion of the Supervisory Board of the parent
     company Lietuvos Energija, UAB, to appoint Eglė Čiužaitė to the Board of
     the Company from the day of this decision to the end of the term of office
     of the current Board.

During the meeting that took place on the same day, the Board of the Company
made a decision to elect E. Čiužaitė to the post of the chairwoman of the board
of the Company and the general manager of the Company. E. Čiužaitė will start
to fulfil the duties of the chairwoman of the Board on the day of making the
decision, and her term of office as the general manager will begin on 22
February 2016. 

Before 2 December 2015, E. Čiužaitė worked in the Board of the Company and was
responsible for the sphere of finances and administration. On 3 December 2015,
she was elected to the board of AB Energijos Skirstymo Operatorius”, from which
she was recalled on 19 February 2016. 

The Board of the Company will include E. Čiužaitė (the chairwoman of the
Board), Darius Kucinas (supervises the production of electricity and heat),
Adomas Birulis (responsible for the Company’s strategy and the review of
development projects), and Mindaugas Kvekšas (responsible for finances and
administration). 

J. Bartlingas will continue working in the Company in the sphere of improvement
of production processes. 


         Valentas Neviera, Head of Corporate Communication Division, tel. +370
670 25997, e-mail. valentas.neviera@le.lt

Bifogade filer:

2016-02-19 press release_LEG management changes.pdf