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2011-12-29 17:00:00 CET 2011-12-29 17:00:06 CET REGULATED INFORMATION City Service AB - Notification on material eventOn City Service AB activity and the decision regarding investment in subsidiaryVilnius, Lithuania, 2011-12-29 17:00 CET (GLOBE NEWSWIRE) -- The Board of City Service AB (hereinafter - Company) in its meeting of 29 December 2011 adopted the decision that the Company activity shall be holding enterprise - investment public company which controls facility management, maintenance, waste management companies in Lithuania and in other countries. The Company's commercial real estate management and maintenance activities (including rights and obligations related to the mentioned activities) as assets complex shall be transferred to the 100 percent controlled subsidiary of the Company City Service LT UAB (code 300883806) by investing in its share capital. The Company's contracts (contractual obligations and rights) with the clients that can not or will not be possible to transfer or the term ends within one year, shall be executed by the Company. The subsidiaries which manage residential facility in Lithuania and perform other activities related with the residential facility management shall be transferred to City Service LT UAB direct control as well. Vilius Mackonis, Public relations manager +370 5 239 4900 |
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