City Service - Notification on material event

An application was filed with the Estonian Commercial Register for registration of finalisation of the conversion of City Service AS into SE

Vilnius, Lithuania, 2015-10-19 16:30 CEST (GLOBE NEWSWIRE) -- Please be
informed that seeking to duly finalise the conversion of City Service AS
(hereinafter, the “Company”) into a European public limited liability company
(Societas Europaea, SE, hereinafter, the “Conversion”) on 19 October 2015 the
Company has filed an application to Estonian Commercial Register for the
registration of the new Statutes of the Company (the registration will be done
not later than within 5 business days as from application), Following
registration of the Statutes of City Service SE with the Estonian Commercial
Register, the Conversion shall be finalised and the legal form of the Company
shall be changed into SE. 

Taking into consideration that following the Conversion of the Company into SE
its activities shall be continued, without creating a new legal person and the
ISIN code of the Company will not be changed and will stay the same
(EE3100126368), as well as aiming to safeguard the rights and legitimate
interests of the Company (City Service SE) and its shareholders as much as
possible and the continuity of presence of the Company's shares on the
regulated market, providing the possibility to shareholders to continuously
realize the rights conferred by their owned shares, it was decided that there
is no need to suspend trading in Company's shares on AB NASDAQ OMX Vilnius for
proper finalisation of the Conversion. 

Thus, all the orders for acquisition or transfer of shares of the Company
provided until and after finalisation of Conversion of the Company shall be
executed following the procedure and terms of the applicable legal acts.
However, due to the above reason, there is a possibility that the investors,
having provided orders for shares of the Company at certain time, which at the
moment of provision of order will be still not converted into the SE, upon
execution of the order will receive the shares of the converted Company (City
Service SE). 

Following completion of the Conversion the name of the converted company shall
be City Service SE, which shall by operation of law take over all the assets,
rights and liabilities of the Company. Conversion of the Company into a SE
shall not result in the winding up of the Company or in the creation of a new
legal person. 

On the Conversion date each shareholder of City Service SE will hold the same
number of shares in City Service SE that it had held in the Company until
finalisation of the Conversion. 

On the Conversion date the authorized capital of City Service SE will be the
same as it was of City Service AS - EUR 9,483,000, which will be divided into
31,610,000 ordinary registered shares with the nominal value of EUR 0.30 each;
ISIN code of shares will be EE3100126368. 

After the Conversion the supervisory board and the management board of City
Service SE will not been changed - Andrius Janukonis (Chairman), Gintautas
Jaugielavičius and Artūras Gudelis will continue operating as members of the
supervisory board of the company and Jonas Janukėnas - as the member of the
management board. 

Following completion of the Conversion, the necessary actions will be taken for
introduction of Company's shares to trading on the Warsaw Stock Exchange, as it
is established in the decisions of the general meeting of shareholders of AB
“City Service”, dated 30 April 2015. 


         Vilius Mackonis,
         Director of Marketing and Communication Department
         + 370 5 239 4900