Panevezio Statybos Trestas - Notification on material event

Subsidiary Company of Panevezio statybos trestas AB, PST Nordic AB, Increases Sales in Sweden

On 24 August 2016 the public limited company PST Nordic has signed a contract
agreement according to which it will have to carry out erection of the
pre-fabricated reinforced concrete framework in a project to be implemented in
Alphyddan, Stockholm. In this project the scope of works performed by the
company will include designing, supply and erection of reinforced concrete and
steel structures. The total value of the contract amounts to 3.6 mln. Euros.
The work is scheduled to be started this November and completed by June 2017. 

After construction activities are completed, the complex of two buildings will
house 90 new apartments with commercial premises on the ground floor. The total
area of two buildings will be as much as 10,000 square meters, and both
buildings will be connected by the underground park covering the area of 2600
square meters. 



Information:

Dalius Gesevicius

Managing Director

Panevezio statybos trestas AB