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2008-12-31 13:30:00 CET 2008-12-31 13:30:06 CET REGULATED INFORMATION TEO LT, AB - Notification on material eventReorganization of TEO LT, AB and AB Nacionaline Skaitmenine Televizija is overOn 31 December 2008, the Register of Legal Entities registered the new edition of the By-laws of TEO LT, AB and thus reorganisation of TEO LT, AB and AB Nacionalinė Skaitmeninė Televizija by merger of AB Nacionalinė Skaitmeninė Televizija into TEO LT, AB is over. On 25 November 2008, Extraordinary General Meeting of TEO LT, AB Shareholders decided to reorganize TEO LT, AB and AB Nacionalinė Skaitmeninė Televizija in accordance with Part 3 of Article 2.97 of the Civil Code of the Republic of Lithuania by merging AB Nacionalinė Skaitmeninė Televizija, which, after the reorganization, will cease its activities as a legal entity, into TEO LT, AB, which, after the reorganization, continues its business activities, according to the Reorganization Conditions approved by the Shareholders' Meeting. Shareholders also approved the new edition of the By-laws of TEO LT, AB, which, after the companies' reorganisation, continues its business activities. Following the Deed of Transfer-Acceptance signed on 31 December 2008, TEO LT, AB took over the assets, rights and obligations of AB Nacionalinė Skaitmeninė Televizija. From the moment of signing the Deed of Transfer-Acceptance the assets, rights and obligations of AB Nacionalinė Skaitmeninė Televizija are deemed to be the assets, rights and obligations of TEO LT, AB. The transactions, entered into till the moment of signing the Deed of Transfer-Acceptance by AB Nacionalinė Skaitmeninė Televizija, from the moment of signing the Deed of Transfer-Acceptance are deemed as the transactions entered into by TEO LT, AB and are included into the accounting of TEO LT, AB. In January 2008, TEO LT, AB acquired Nacionalinė Skaitmeninė Televizija, which had two licenses for re-broadcasting of television channels through digital terrestrial television (DVB-T) networks and in March 2008 started provision of digital terrestrial television service „Skaitmeninė GALA“ (Digital GALA). ENCL.: - Reorganization conditions of TEO LT, AB and AB Nacionalinė Skaitmeninė Televizija. - By-laws of TEO LT, AB. Paulius Pakutinskas, Senior Legal Adviser of Corporate Administration and Legal Affairs Unit, tel. +370 5 236 73 30. |
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