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2009-08-27 09:42:56 CEST 2009-08-27 09:43:56 CEST REGULATED INFORMATION VST AB - Notification on material eventVST AB made a lawsuit against NDX energija UABOn August 25, 2009 VST AB made a lawsuit to Vilnius Regional Court against NDX energija UAB regarding adjudge 520 830 706 LT (150 842 998,7 EUR). In the lawsuit it is pointed out that in the privatization process of VST AB, NDX energija UAB transferred banks' loan to VST AB, and in this way the essential part of the privatization price of VST AB was paid by VST AB, but not by NDX energija UAB. In this way the acquisition of VST AB was financed by VST AB rather than "NDX energija" UAB. In the opinion of VST AB, it was a violation of the regulations of the Law of Joint Stock Companies and EU Directives that prohibits financing the acquisition of own shares using target company's capital. According to the Laws in force, Court should make the decision regarding the civil claim. Chief Executive Officer Vytautas Kazimieras Aranauskas Phone +370 5 2781200 |
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