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2010-09-06 08:00:00 CEST 2010-09-06 08:00:04 CEST REGULATED INFORMATION TEO LT, AB - Notification on material eventRegistration of reduced authorised share capitalOn 3 September 2010, the Register of Legal Persons registered a new wording of the By-laws of TEO LT, AB (hereinafter TEO or “the Company”) and reduced to 776,817,518 litas the authorised share capital of the Company, which consist of 776,817,518 ordinary registered shares of 1 litas par value each. On 26 April 2010 the Annual General Meeting of shareholders decided to cancel 38,095,242 ordinary shares of 1 litas par value each held by the Company by the ownership right (treasury stocks) and to reduce by the amount of cancelled shares (38,095,242 litas) the authorised shares capital of the Company from 814,912,760 litas to 776,817,518 litas, and accordingly to amend the By-laws of the Company to specify the reduced amount of the authorised share capital - 776,817,518 litas. The purpose of reduction of the Company's authorised share capital - cancellation of the Company's treasury stocks. The Company's authorised share capital shall be reduced by way of annulment of the Company's treasury stocks. The Company submitted an application to the Lithuanian Central Depository of Securities to amend TEO LT, AB securities' (ISIN code LT0000123911) issue registration account by cancelling 38,095,242 ordinary registered shares - treasury stocks. TEO treasury stocks that amount to 4.67 per cent of the total number of the Company shares were acquired during the Initial Public Offering (IPO) in year 2000 and they have no rights to exercise any property and non-property rights provided by the Law of the Republic of Lithuania on Companies. ENCL.: The By-laws of TEO LT, AB registered on 3 September 2010. Darius Džiaugys, Head of Information Sector, tel. +370 5 236 7878 |
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