Snaige AB - Prospectus

CORRECTION: On convertible bonds issue prospectus of AB „Snaige“

Prospectus summary is added

The prospectus of AB „Snaige“ convertible bonds issue with maturity of 368
days, nominal value of the whole issue of 8.05 m.EUR (27.79 m. LTL) was
approved by Securities Commission of Lithuania on 18 March 2010. 

The main facts about the issued convertible bonds:

•	Maturity of the bonds: 368 days.
•	Nominal value of one bond: 100.00 EUR.
•	Number of issued bonds: 80 500 units.
•	Annual interest rate: 10%
•	Redemption price: 110.2222 EUR (sum of nominal value and accrued interest).
•	Shares, to which bonds can be converted: AB “Snaige” ordinary shares.
•	Conversion rate: 1:380 (one bond is converted into 380 shares).
•	Subscription period: 22 March 2010 - 8 April 2010.
•	Beginning of the bonds validity period: 9 April 2010. 
•	Bonds redemption date: 11 April 2011.

Bond holders will have a right to convert one owned bond into 380 ordinary
shares of AB “Snaigė” at the date of the bond redemption (11 April 2011). 

On 5 March 2010 the general shareholder meeting of AB „Snaigė“ has decided to
cancel a preemptive right for the shareholders to subscribe the issued bonds.
As a result, during the whole subscription period (22 March 2010 - 8 April
2010) the issued bonds can be subscribed by all interested investors. 

Investors are invited to sign the Bonds purchase agreements during the Bonds
subscription period at UAB FMĮ „Orion Securities“, A.Tumėno str.4B, LT - 01109,
Vilnius, Lithuania during working days from 8.30 till 17.30. 

Managing Director
Gediminas Čeika
+370 315 56206

Bifogade filer:

sng_prosp_summary.pdf