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2011-03-14 15:36:59 CET 2011-03-14 15:37:59 CET REGULATED INFORMATION Snaige AB - Notification on material eventRegarding approval of the circular of the non-competitive mandatory tender offerAlytus, Lithuania, 2011-03-14 15:36 CET (GLOBE NEWSWIRE) -- On 14 March 2011, Snaigė AB received an announcement from the shareholders KJK Fund SICAV-SIF, Firebird Republics Fund, Ltd. and Firebird Avrora Fund, Ltd. about the decision of the Securities Commission of the Republic of Lithuania of 14 March 2011 to approve the circular of a non-competitive mandatory tender offer to buy up the remaining ordinary registered voting shares of Snaigė AB. The tender offer price is EUR 0.33 (thirty three euro cents) per 1 (one) ordinary registered share of Snaigė AB, LTL 1 (one litas) par value (ISIN code LT0000109274) each (equivalent in litas is equal to LTL 1.139424). Commencement of the implementation of the tender offer is on 18 March 2011, termination - on 31 March 2011. Comprehensive conditions of the tender offer are presented in the circular attached (please see the annex). Managing Director Gediminas Čeika +370 315 56206 |
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