Lietuvos Juru Laivininkyste AB - Notification on material event

PC “Lithuanian Shipping Company” signed an agreement to sell motor vessel “Alka”

Klaipeda, Lithuania, 2014-01-14 08:21 CET (GLOBE NEWSWIRE) -- 



On the 13th January, 2014 Board of Directors of PC “Lithuanian Shipping
Company” (LJL) has approved an agreement to sell the motor vessel „Alka“. 

“Consistently implementing approved company's strategic business plan for the
years 2014-2016, it was decided to sell this motor vessel, concentrating on the
targeted “Handysize” segment”, - underlined Audronis Lubys, General Director of
PC “Lithuanian Shipping Company”. 

The conditions of the sale are confidential. The sale of motor vessel “Alka”
will not have any material effect on LJL financial results. Funds received from
the sale will be used for working capital and repayment of the loans. 



For more information:

PC “Lithuanian Shipping Company”

General Director

Audronis Lubys

Tel. (8 46) 39 31 04

E-mail: audronis.lubys@ljl.lt





Arvydas Stropus

Chief Accountant

Ph.: (+370 46) 393126