Lietuvos energijos gamyba, AB - Notification on material event

Regarding the beginning of redemption of shares under the ruling of Supreme Court of Lithuania

Elektrėnai, Lithuania, 2016-02-08 16:00 CET (GLOBE NEWSWIRE) -- Lietuvos
Energijos Gamyba, AB (hereinafter – Lietuvos Energijos Gamyba), registered
office address – Elektrinės st. 21, Elektrėnai, Lithuania, legal entity’s code
– 302648707, hereby informs that on 8 February 2016 it received a notification
from its major shareholder Lietuvos Energija, UAB (hereinafter – Lietuvos
Energija), registered office address – Žvejų st. 14, Vilnius, Lithuania, legal
entity’s code – 301844044, on the initiated redemption of the shares. 

As on the day of submission of the above notification, Lietuvos Energija holds
by the right of ownership 610 515 515 (six hundred and ten million, five
hundred and fifteen thousand, five hundred and fifteen) ordinary registered
shares of Lietuvos Energijos Gamyba of EUR 0.29 (zero euro and twenty-nine
cents) par value each, giving 96.13 per cent of the votes at the General
Meeting of Shareholders. 

The redemption of the shares shall be effected in accordance with (i) the
ruling of the Supreme Court of Lithuania of 19 November 2014 adopted in Civil
Case No. 3K-3-370/2014 (hereinafter – the Court’s ruling), and (ii) Resolution
No. 1126 of the Government of the Republic of Lithuania of 26 October 2015
(hereinafter – the Resolution). 

The shares to be redeemed shall be the shares of minority shareholders of
LIETUVOS ELEKTRINĖ, AB that are equated to the shares of Lietuvos Energijos
Gamyba according to the rate indicated in the above-mentioned Resolution – 1.37
shares of Lietuvos Energijos Gamyba for one share held in LIETUVOS ELEKTRINĖ,
AB. The price per redeemed ordinary registered share of Lietuvos Energijos
Gamyba shall be EUR 1.2959. 

The shares subject to redemption shall be only the shares, which:

(i) were held by the right of ownership by a minority shareholder of LIETUVOS
ELEKTRINĖ, AB (which ceased to exist upon reorganisation on 5 August 2011) no
later than 5 August 2008 (VP ISIN code LT0000126351), and 

which

(ii) were converted into shares of Lietuvos Energija, AB (on 5 August 2013 the
name was changed to Lietuvos Energijos Gamyba) (VP ISIN code LT0000128571)
after LIETUVOS ELEKTRINĖ, AB ceased to exist upon reorganisation on 5 August
2011, and 

which

(iii) were not transferred to third parties before the day of redemption of the
shares. 

It should be noted that the shares, which were transferred to third parties
between 5 August 2008 and the day of redemption of the shares, but were
re-acquired by shareholders during this time period, will not be redeemed.
Should it be impossible to determine which shares of the same type and without
individual features were transferred before the moment of redemption, the
earliest acquired shares shall be deemed to have been transferred. 

The notification on the redemption of the shares of Lietuvos Energijos Gamyba
shall be published on 9 February 2016 in the electronic publication for public
notifications administered by the manager of the Register of Legal Entities
(State Enterprise Centre of Registers). 

Within the set time limit of 90 (ninety) calendar days from the publication of
the notification on the redemption of the shares of Lietuvos Energijos Gamyba
in the electronic publication for public notifications administered by the
manager of the Register of Legal Entities (State Enterprise Centre of
Registers) on 9 February 2016, all minority shareholders shall have the right
to request that Lietuvos Energija redeems their shares, meeting the above
criteria. Shareholders, who fail to do that within the set time limit of 90
(ninety) calendar days, will lose the right to request redemption of the shares
specified in the Resolution for the price fixed in the Court’s ruling and in
the Resolution. 

For redemption of shares, shareholders should contact the customer service
units of AB SEB bank during their working hours. During the working hours of
the above customer service units convenient for shareholders, AB SEB bank,
representing Lietuvos Energija, will accept shareholders’ applications for
redemption of shares and will conclude agreements for the sale and purchase of
shares with them. Settlement with shareholders for the shares redeemed shall be
made in cash in accordance with the procedure established in the laws of the
Republic of Lithuania and in the agreement for the purchase and sale of shares,
by transferring the money for the redeemed shares to the bank accounts
indicated by shareholders no later than within thirty (30) calendar days from
the end of the above-mentioned time limit of 90 (ninety) calendar days for
acceptance of applications from shareholders. 

A shareholder, who is a natural person, shall submit the following documents
and information for conclusion of an agreement for the purchase and sale of
shares: 

  1. a document certifying personal identity (a valid passport or personal
     identity card);
  2. a number (IBAN) of an account with a bank or other financial institution to
     which the money would be transferred;
  3. an extract from a securities account on the shares of LIETUVOS ELEKTRINĖ,
     AB (VP ISIN code LT0000126351) held by him/her with a history of the
     movement of shares for the period between 5 August 2008 and 25 August 2011,
     and an extract on the shares of Lietuvos Energija, AB (the company’s name
     as of 5 August 2013  is Lietuvos Energijos Gamyba) (VP ISIN code
     LT0000128571) held by him/her with a history of the movement of shares for
     the period between 25 August 2011 and the moment of conclusion of the
     agreement for the purchase and sale of shares.
  4. If the shareholder is married:

  -- Both spouses have to arrive to conclude the agreement for the purchase and
     sale of shares (both of them must have documents certifying their personal
     identity) or, in case of participation of one of the spouses, he (she) has
     to provide the power of attorney of his (her) spouse certified by the notary
     public;
  -- If the shares are the personal (not joint common ownership) of the spouse
     who concludes the agreement for the purchase and sale of shares, he/she
     shall submit the documents to this effect.

  1. If the person has inherited the shares:

  -- Together with the documents referred to in paragraph 1-3, he/she must
     additionally submit the documents proving the fact of inheritance (an
     inheritance certificate or an application submitted to a notary for the
     acceptance of inheritance, if the certificate of the right of inheritance
     has not been issued yet).

A shareholder, who is a legal person, shall submit the following documents and
information for conclusion of an agreement for the purchase and sale of shares: 

  1. a copy of the company’s extract from the Register of Legal Entities;
  2. a copy of the Articles of Association of the company;
  3. a power of attorney issued to the person to sign the agreement or a
     relevant decision of the bodies of management;
  4. a power of attorney issued to the person to execute orders on behalf of the
     company and to give other instructions related to the execution of orders;
  5. a number (IBAN) of an account with a bank or other financial institution to
     which the money would be transferred;
  6. an extract from a securities account on the shares of LIETUVOS ELEKTRINĖ,
     AB (VP ISIN code LT0000126351) held by him/her with a history of the
     movement of shares for the period between 5 August 2008 and 25 August 2011,
     and an extract on the shares of Lietuvos Energija, AB (the company’s name
     as of 5 August 2013  is Lietuvos Energijos Gamyba) (VP ISIN code
     LT0000128571) held by him/her with a history of the movement of shares for
     the period between 25 August 2011 and the moment of conclusion of the
     agreement for the purchase and sale of shares.

For additional information about the redemption of shares, shareholders of
Lietuvos Energijos Gamyba may call the Contact Center line of SEB bank at 1528
or (8 5) 268 2800 (if calling from abroad, dial +370 5 268 2800). 


         Valentas Neviera, Head of Corporate Communication Division, tel. +370
670 25997, e-mail. valentas.neviera@le.lt