Lietuvos Dujos - Notification on material event

Regarding of the Extraordinary General Meeting of Shareholders of AB Lietuvos Dujos and the General Meeting of Shareholders of “Energijos skirstymo operatorius” AB

Vilnius, Lithuania, 2015-11-10 14:15 CET (GLOBE NEWSWIRE) -- Public limited
liability company Lietuvos Dujos (hereinafter - AB Lietuvos Dujos, Company),
identification code 120059523, the address of the head office: Aguonų str. 24,
LT-03212 Vilnius, The Republic of Lithuania. The total number of registered
ordinary shares issued by the Company 290 685 740, ISIN code LT0000116220. 

The planned address of the registered office of “Energijos skirstymo
operatorius” AB is Aguonų St. 24, LT-03212, Vilnius. Legal entity number will
be assigned and the authorised capital of “Energijos skirstymo operatorius” AB
will be formed upon registering “Energijos skirstymo operatorius” AB in the
Register of Legal Entities, with an ISIN code to be assigned upon registering
the issue of shares of “Energijos skirstymo operatorius” AB in the Central
Securities Depository. 

1. Considering that there is no basis to change and/or modify the publicly
announced Terms of Reorganization of LESTO AB and public limited liability
company Lietuvos Dujos or individual provisions thereof, and following the
provisions of applicable laws, an Extraordinary General Meeting of Shareholders
of AB Lietuvos Dujos is to be convened on the initiative and by the decision of
the Board of AB Lietuvos Dujos on 10 November 2015. 

2. A General Meeting of Shareholders of  “Energijos skirstymo operatorius” AB
established as a result of the reorganisation of LESTO AB and AB Lietuvos Dujos
will also be convened on the initiative and by the decision of the Boards of
LESTO AB and AB Lietuvos Dujos on 10 November 2015 (until the date of
registration of the Articles of Association of “Energijos skirstymo
operatorius” AB with the Register of Legal Entities of the Republic of
Lithuania, the shareholders of LESTO AB and AB Lietuvos Dujos shall be
considered to be the shareholders of “Energijos skirstymo operatorius” AB and
the number of votes held by them at the General Meeting of Shareholders of
“Energijos skirstymo operatorius” AB shall be calculated according to the rules
for exchanging the shares of LESTO AB and AB Lietuvos Dujos into the shares of
“Energijos skirstymo operatorius” AB that are set out in the Terms of
Reorganisation). 

3. The Extraordinary General Meeting of Shareholders of AB Lietuvos Dujos will
be held on 3 December 2015, at 9.00 a.m. at Aguonų St. 24, LT-03212, Vilnius,
room No 207, shareholder registration will start at 8.25 a.m. and will end at
8.55 a.m. 

4. The General Meeting of Shareholders of “Energijos skirstymo operatorius” AB
will be held on 3 December 2015 at 10.00 a.m. at Aguonų str. 24, LT-03212,
Vilnius, room No 207, shareholder registration will start at 9.25 a.m. and will
end at 9.55 a.m. 

5. The record date of AB Lietuvos Dujos and „Energijos skirstymo operatorius“
AB General Meetings is 26 November 2015. 

6. Only persons who are shareholders of AB Lietuvos Dujos at the end of the
record date of the General Meeting of Shareholders of AB Lietuvos Dujos shall
have the right to attend and vote at the General Meeting of Shareholders of AB
Lietuvos Dujos. Only persons who are shareholders of AB Lietuvos Dujos and
LESTO AB at the end of the record date of the General Meeting of Shareholders
of “Energijos skirstymo operatorius” AB shall have the right to attend ant vote
at the General Meeting of Shareholders of “Energijos skirstymo operatorius” AB. 

7. The following agenda of the Extraordinary General Meeting of Shareholders of
public limited liability company Lietuvos Dujos was approved by the decision of
the Board of Public limited liability company Lietuvos Dujos on 10 November
2015 and the following draft decision is proposed: 

7.1. Agenda of the Extraordinary General Meeting of Shareholders of Public
limited liability company Lietuvos Dujos: 

7.1.1. Reorganisation of LESTO AB and public limited liability company Lietuvos
Dujos by merger, establishing “Energijos skirstymo operatorius” AB; 

7.1.2. Regarding the authorization to execute approved decisions.

7.2. The proposed draft decision of the Extraordinary General Meeting of
Shareholders of public limited liability company Lietuvos Dujos on the first
agenda item is as follows: 

7.2.1. Acting in accordance with Article 2.97(4) of the Civil Code of the
Republic of Lithuania and the Terms of Reorganisation of LESTO AB and public
limited liability company Lietuvos Dujos, to reorganise LESTO AB and public
limited liability company Lietuvos Dujos by merger, merging LESTO AB with
public limited liability company Lietuvos Dujos, both of which will end their
activities as legal entities upon the reorganisation, to establish “Energijos
skirstymo operatorius” AB which will start functioning after the reorganisation
and will take over the assets, rights and obligations of LESTO AB and public
limited liability company “Lietuvos dujos” after the reorganisation, i.e. a new
legal entity, “Energijos skirstymo operatorius” AB, will be established on the
activities of both LESTO AB and public limited liability company Lietuvos Dujos
which will terminate their operation after the reorganization. 

7.2.2. To approve the Terms of Reorganisation of LESTO AB and public limited
liability company Lietuvos Dujos (enclosed), based on which, after the
reorganisation of LESTO AB and AB Lietuvos Dujos by merger, as stipulated in
the Terms of Reorganisation, a new company, “Energijos skirstymo operatorius”
AB, having the same legal form will be established to continue the activities
of LESTO AB and public limited liability company Lietuvos Dujos following the
reorganisation and will take over the assets, rights and obligations of LESTO
AB and public limited liability company Lietuvos Dujos after the
reorganisation, as prescribed by the Terms of Reorganisation. 

7.2.3. To approve the Articles of Association of “Energijos skirstymo
operatorius” AB (enclosed) that will start functioning upon the reorganisation
of LESTO AB and AB Lietuvos Dujos. 

7.3. The proposed draft decision of the Extraordinary General Meeting of
Shareholders of LESTO AB on the second agenda item is as follows: 

7.3.1. To authorise the General Manager of LESTO AB Mr. Aidas Ignatavičius to
sign the Articles of Association of “Energijos skirstymo operatorius” AB. 

7.3.2. To confer upon the General Manager of LESTO AB and/or General Manager of
AB Lietuvos Dujos andupon the registration of “Energijos skirstymo operatorius”
AB, to the General Manager of “Energijos skirstymo operatorius” AB  (as
applicable) (acting both together and each individually), while  implementing
the requirements laid down in legal acts, to submit the Terms of Reorganisation
of LESTO AB and public limited liability company Lietuvos Dujos and other
required information and documents to the notary, the Register of Legal
Entities, Bank of Lithuania and other entities; to perform all necessary
actions to register “Energijos skirstymo operatorius” AB in the Register of
Legal Entities in accordance with the procedure established by legal acts; to
submit an application for listing “Energijos skirstymo operatorius” AB shares
on NASDAQ OMX Vilnius Stock Exchange; to perform all other necessary actions
related to the implementation of this decision and the reorganisation of LESTO
AB and public limited liability company Lietuvos Dujos, authorizing the above
mentioned representatives (acting both together and each individually ) to
subdelegate to other persons the performance of actions specified in this
decision to the full extent. 

8. The following agenda of the General Meeting of Shareholders of “Energijos
skirstymo operatorius” AB was approved by the decision of the Boards of LESTO
AB and public limited liability company “Lietuvos dujos” on 10 November 2015
and the following draft decision is proposed: 

8.1. Agenda of the General Meeting of Shareholders of “Energijos skirstymo
operatorius” AB: 

8.1.1. Election of the members of the Supervisory board of “Energijos skirstymo
operatorius” AB; 

8.1.2. Regarding the approval of terms and conditions of contracts with members
of the Supervisory board of “Energijos skirstymo operatorius” AB; 

8.1.3. Regarding the authorization to execute approved decisions.

8.2. In accordance with the statement No. KONF_SR_2015-106 of 9 November 2015
by “Lietuvos energija”, UAB, that owns 94, 39 % of LESTO AB shares and 96, 64 %
of public limited liability company Lietuvos Dujos shares, presenting the
candidates for the members of the Supervisory board of “Energijos skirstymo
operatorius” AB, the proposed draft decision of the Extraordinary General
Meeting of Shareholders of „Energijos skirstymo operatorius“AB on the first
agenda item is as follows: 

8.2.1. To elect for a period of 4 (four) years the persons named below as
members of the Supervisory board of “Energijos skirstymo operatorius” AB that
will start operating upon the reorganisation of LESTO AB and AB Lietuvos Dujos 

- Dalius Misiūnas (personal code and place of residence must not be published);

- Ilona Daugėlaitė (personal code and place of residence must not be published);

- Petras Povilas Čėsna (as independent member of the Supervisory board)
(personal code and place of residence must not be published). 

8.2.2. To establish that members of the Supervisory board of “Energijos
skirstymo operatorius” AB shall start their activities upon the end of the
General Meeting of Shareholders that elected them. 

8.3. The proposed draft decision of the Extraordinary General Meeting of
Shareholders of „Energijos skirstymo operatorius“AB on the second agenda item
is as follows: 

8.3.1. To approve the terms and conditions of the agreement for the protection
of confidential information concluded with the members of the Supervisory Board
(enclosed); 

8.3.2. To approve the terms and conditions of the contract regarding the
activities of the member of Supervisory Board (enclosed); 

8.3.3. To approve the terms and conditions of the contract regarding the
activities of an independent member of the Supervisory Board (enclosed); 

8.3.4. To determine the remuneration of 43, 44 EUR (forty-three euros and forty
four cents) per hour (before taxes) for an independent member of the
Supervisory Board for the actual activity as an independent member of the
Supervisory Board; 

8.3.5. To determine that monthly remuneration for an independent member of the
Supervisory Board of the Company is limited to the maximum amount of 1014 EUR
(one thousand and fourteen euros) (before taxes). 

8.4. The proposed draft decision of the Extraordinary General Meeting of
Shareholders of „Energijos skirstymo operatorius“AB on the third agenda item is
as follows: 

8.4.1. To confer upon  the General Manager of LESTO AB and/or the General
Manager of AB Lietuvos Dujos and, after the registration of “Energijos
skirstymo operatorius” AB, to the General Manager of “Energijos skirstymo
operatorius” AB  (as applicable) (acting both together and each individually),
while  implementing the requirements laid down in legal acts, to submit the
Terms of Reorganisation of LESTO AB AB Lietuvos Dujos and other required
information and documents to the notary, the Register of Legal Entities, Bank
of Lithuania and other entities; to perform all necessary actions to register
“Energijos skirstymo operatorius” AB in the Register of Legal Entities in
accordance with the procedure established by legal acts; to submit an
application for listing “Energijos skirstymo operatorius” AB shares on NASDAQ
OMX Vilnius Stock Exchange; to perform all other necessary actions related to
the implementation of this decision and the reorganisation of LESTO AB and AB
Lietuvos Dujos, authorizing  the above mentioned  representatives (acting both
together and each individually ) to sub delegate to other persons the
performance of  the actions specified in this decision to the full extent. 

8.4.2. To authorize Mr. Aidas Ignatavičius to sign contracts with the members
of the Supervisory Board the conditions of which are specified in the above
paragraphs 1 - 3 herein, giving the right to amend non-essential terms and
conditions in the contracts. 


9. Shareholders participating in the General Meetings of Shareholders of AB
Lietuvos Dujos or “Energijos skirstymo operatorius” AB shall produce an
identity document. Shareholders shall be granted property and non-property
rights provided for by laws and other legal acts of the Republic of Lithuania.
Shareholders entitled to participate in the aforementioned shareholder meetings
shall have the right to authorise, in writing, a natural or legal person to
participate and vote on their behalf at the General Meetings of Shareholders
indicated in this notice. Such a written authorisation shall be approved in
accordance with the procedure laid down in legal acts and shall be delivered to
Aguonų str. 24, Vilnius (the General Meetings of Shareholders of AB Lietuvos
Dujos) and (or) to Aguonų str. 26, Vilnius (the General Meetings of
Shareholders of “Energijos skirstymo operatorius” AB) no later than by the end
of shareholder registration for a relevant General Meeting. Shareholders
entitled to participate in the General Meetings of Shareholders of LESTO AB and
(or) “Energijos skirstymo operatorius” AB shall also have the right to
authorise, by electronic means of communication, a natural or legal person to
participate and vote on their behalf at the General Meetings of Shareholders.
An authorisation issued by electronic means of communication shall be
recognised as valid provided that the security of the information transferred
is ensured and it is possible to identify the shareholder. Shareholders shall
report the issuance of an authorisation by electronic means of communication by
sending it by e-mail to ld@lietuvosdujos.lt (if such an authorisation is issued
for representation at the General Meeting of “Energijos skirstymo operatorius”
AB, it can also be reported to info@lesto.lt) not later than by the end of the
working day on 30 November 2015 (4:30 p.m.). The authorised person shall have
an identity document and shall enjoy the same rights at the General Meeting as
the shareholder represented by him would enjoy (unless the issued authorisation
or laws provide for narrower rights of the authorised person). The
shareholder's right to participate in the General Meetings of Shareholders
shall also include the right to present questions. LESTO AB has not approved
any special authorisation form for either of the above mentioned General
Meetings of Shareholders. 

10. The agendas of the General Meetings of Shareholders of AB Lietuvos Dujos
and “Energijos skirstymo operatorius” AB may be supplemented on the initiative
of shareholders of AB “Lietuvos dujos” whose shares held in AB “Lietuvos dujos”
carry at least 1/20 of all votes at the General Meeting of Shareholders of AB
“Lietuvos dujos”. The agenda of “Energijos skirstymo operatorius” AB may also
be supplemented on the initiative of shareholders of LESTO AB, whose shares
held LESTO AB carry at least 1/20 of all votes at the General Meeting of
Shareholders of LESTO AB. The proposal to supplement the agenda of the
respective General Meeting of Shareholders shall be accompanied by draft
decisions or, where no decisions have to be taken, by explanations on each
proposed agenda item of the Extraordinary General Meeting of Shareholders.  The
agenda shall be supplemented if the proposal is received no later than 14
calendar days before the respective General Meeting of Shareholders.
Shareholders whose shares held in AB “Lietuvos dujos” carry at least 1/20 of
all votes at the General Meeting of Shareholders of AB “Lietuvos dujos” shall
have the right to propose, at any time before the General Meetings of
Shareholders of AB “Lietuvos dujos” and “Energijos skirstymo operatorius” AB or
during the respective meetings, new draft decisions on issues that are included
or will be included in the agendas of the General Meetings of Shareholders of
AB “Lietuvos dujos” and “Energijos skirstymo operatorius” AB. Shareholders of
LESTO AB whose shares held in LESTO AB carry at least 1/20 of all votes at the
General Meeting of Shareholders of LESTO AB shall also have the right to
propose new draft decisions on issues that are included or will be included in
the agenda of the General Meeting of Shareholders of “Energijos skirstymo
operatorius” AB. The proposals on supplementing the respective agenda or
relevant draft decisions shall be submitted in writing to AB “Lietuvos dujos”,
Aguonų str. 24, Vilnius, or by e-mail to ld@lietuvosdujos.lt (proposals on the
supplementing of the agenda of the General Meeting of Shareholders of
“Energijos skirstymo operatorius” AB or relevant draft decisions may also be
submitted to LESTO AB, Aguonų str. 26, Vilnius, or by e-mail to info@lesto.lt). 

11. Shareholders of AB “Lietuvos dujos” shall have the right to present
questions related to the agendas of the General Meetings of Shareholders of AB
“Lietuvos dujos” and “Energijos skirstymo operatorius” AB to be held on 3
December 2015. Shareholders of LESTO AB shall have the right to present
questions related to the agenda of the General Meeting of Shareholders of
“Energijos skirstymo operatorius” AB. Questions may be presented by e-mail to
info@lesto.lt or ld@lietuvosdujos.lt (questions concerning the General Meeting
of AB “Lietuvos dujos” only to ld@lietuvosdujos.lt) or delivered to LESTO AB or
public limited liability company “Lietuvos dujos” (questions concerning the
General Meeting of AB “Lietuvos dujos” only to AB “Lietuvos dujos”) to Aguonų
str. 24, Vilnius, no later than 3 working days before the General Meetings of
Shareholders. 

12. Shareholders will be able to vote on the agenda items of the General
Meetings of Shareholders of AB “Lietuvos dujos” and “Energijos skirstymo
operatorius” AB in writing by filling in ballot papers. At the written request
of a shareholder, AB “Lietuvos dujos” shall send, free of charge, a ballot
paper to the shareholder by registered post or deliver it by hand against
signature no later than 10 days before the General Meetings of Shareholders of
AB “Lietuvos dujos” and “Energijos skirstymo operatorius” AB (LESTO AB may also
be approached about a ballot paper for the General Meeting of Shareholders of
“Energijos skirstymo operatorius” AB). A completed ballot paper shall be signed
by the shareholder or a person authorised by the shareholder. Where a person
authorized by the shareholder casts a vote, a document certifying the right to
vote shall be attached to the completed ballot paper. Filled and signed general
ballot paper and the document confirming the voting right can be sent to the
Company by registered mail or delivered at Aguonų St. 24, Vilnius (general
ballot paper of the general meeting of the“Energijos skirstymo operatorius” AB
can also be delivered to the address of” LESTO AB, Aguonų str. 26), no later
before the General Meeting. The Company retains the right not to recognize the
advance vote of the shareholder or his/her authorized representative, if
his/her submitted general ballot paper does not meet the requirements of
Paragraphs 3 and 4 of Article 30 of the Law on Companies of the Republic of
Lithuania, was received to late or is filled so that the true will of the
shareholder on an individual matter cannot be determined. Electronic means of
communication shall not be used for participation and voting at either of the
above mentioned General Meetings of Shareholders. 

13. Shareholders can familiarise themselves with documents related to the
agendas of the General Meetings of Shareholders of AB “Lietuvos dujos” and
“Energijos skirstymo operatorius” AB, draft decisions on each of the agendas,
documents to be submitted to each General Meeting of Shareholders and other
information related to the implementation of the rights of shareholders
specified in this notice on the website of AB “Lietuvos dujos” at
http://www.lietuvosdujos.lt from the date of this notice (information and
documents related to the General Meeting of Shareholders of “Energijos
skirstymo operatorius” AB are also available on the website of LESTO AB at
http://www.lesto.lt) as well as on the premises of AB “Lietuvos dujos” (Aguonų
str. 24, Vilnius) during working hours (7.30-11.30 a.m. and 12.15-4.30 p.m.;
7.30-11.30 a.m. and 12.15-3.15 p.m. on Fridays) and LESTO AB (Aguonų str. 26,
Vilnius) during working hours (7.30-11.30 a.m. and 12.15-4.30 p.m.; 7.30-11.30
a.m. and 12.15-3.15 p.m. on Fridays). 


         Head of Communications Laura Šebekienė, Tel. No   +370 633 99940

Liitteet:

Contract for the terms of supervisory_EN.pdf

ESO istatai_EN.pdf

Terms of reorganisation part2.pdf

conditions of the contract on protection of confidential information_en.pdf

contract for the terms and conditions for Supervisory.pdf

Terms of reorganisation part1.pdf

Terms of reorganisation part3.pdf