Imoniu grupe ALITA, AB - Notification on material event

Notification about the intention to submit a non-competitive mandatory tender offer

Alytus, Lithuania, 2011-10-12 15:22 CEST (GLOBE NEWSWIRE) -- On 12 October 2011
company group ALITA AB received a notification that FR&R Invest IGA S.A., a
company incorporated and existing under the laws of Luxemburg, code B161760,
with its address registered at 3a Rue Guillaume, Kroll L-1882, Luxemburg
(hereinafter - FR&R), pursuant to its Board's decision intends to submit a
non-competitive mandatory tender offer to buy up the remaining 230,636 (two
hundred thirty thousand six hundred thirty six) ordinary registered shares of
company group ALITA AB (legal form: public limited liability company, legal
entity code 302444238, registered at Miškininkų st. 17, Alytus, the Republic of
Lithuania, data about the company are collected and kept in the Register of
Legal Persons of the Republic of Lithuania) with the par value of LTL 1 (one
litas) each, constituting 1.15% (one and fifteen hundreds percent) of shares
and votes carried by them at the general meeting of shareholders of company
group ALITA AB. 

FR&R acquired more than 1/3 (one third) of shares of company group ALITA AB on
6 October 2011, when the share capital of the company was increased according
to the decisions of the extraordinary general meeting of shareholders of 3
October 2011. FR&R owns 16,874,000 (sixteen million eight hundred seventy four
thousand) ordinary registered shares of company group ALITA AB with the par
value of LTL 1 (one litas) each, constituting 84.37% (eighty four and thirty
seven hundredths percent) of shares and votes carried by them at the general
meeting of shareholders of company group ALITA AB. 

Furthermore, FR&R also informed, that on 7 September 2011 FR&R and Mr. Vytautas
Junevičius, the shareholder of company group ALITA AB, signed the Shareholders'
Agreement, which came into force on 6 October 2011 after the aforementioned
increase of company's share capital was executed and FR&R acquired shares of
this company. Thus, FR&R and Mr. Vytautas Junevičius are to be treated as
persons acting in concert, collectively holding 19,769,364 (nineteen million
seven hundred sixty nine thousand three hundred sixty four) ordinary registered
shares of company group ALITA AB, constituting 98.85% (ninety eight and eighty
five hundreds percent) shares and votes carried by them at the general meeting
of shareholders of company group ALITA AB, therefore, in a general case the
obligation to submit this tender offer would arise to these persons
collectively. However, taking into consideration the exception foreseen in item
1 of part 1 of Article 32 of the Law of the Republic of Lithuania on
Securities, the indicated tender offer is intended to be submitted solely by
FR&R. 

Intended way of settlement for the securities to be bought up is in cash.

Company group ALITA AB was also informed, that FR&R following part 3 of Article
34 of the Law of the Republic of Lithuania on Securities and taking into
consideration the fact that by the aforementioned increase of the share capital
of the company group ALITA AB it was intended inter alia to provide the
assistance to the company, incurring financial losses, FR&R is going to apply
to the Securities Commission of the Republic of Lithuania with the request and
seek, that the tender offer price would be set according to the average
weighted market price of shares of the company on a regulated market (AB NASDAQ
OMX Vilnius), when the price of shares of company group ALITA AB on the
regulated market was real and not influenced by subjective factors, and not
according to the acquisition price of the new shares of the company. 




         Additional information is provided by the General Director Paulius
Kibiša, phone number + 370 315 57243.