2015-08-13 20:30:00 CEST

2015-08-13 20:30:04 CEST


REGULATED INFORMATION

English Lithuanian
City Service - Notification on material event

Regarding the intended conversion of the company into SE and preparation of the draft terms of conversion 


Vilnius, Lithuania, 2015-08-13 20:30 CEST (GLOBE NEWSWIRE) -- On 13 August 2015
the Management Board of City Service AS (the “Company”), implementing the
decisions of the annual general meeting of shareholders of the Company, dated
30 April 2015, regarding participation of the Company in the formation of the
European company (Societas Europaea), prepared the plan of conversion and draft
terms of conversion (the “Conversion Terms”) of the Company. The Conversion
Terms shall be applicable to the intended conversion of the Company into a
European public limited-liability company (Societas Europaea or SE). The
conversion of the Company into an SE shall not result in the winding up of the
Company or in the creation of a new legal person. 

Under the Conversion Terms:

1) The Company, being a public limited-liability company, formed under the law
of a Member State (Estonia) and having its registered office and head office
within the Community is being transformed into an SE, following Article 37 of
the Council Regulation (EC) No. 2157/2001 of 8 October 2001 on the Statute for
a European company (SE). 

2) The new legal form of the Company shall be a European public
limited-liability company (Societas Europaea or SE). 

3) The new name of the Company shall be City Service SE.

4) The registered address of the Company shall be Narva mnt. 5, 10117 Tallinn,
Estonia. 

5) Following the conversion, the governance structure and composition shall
remain the same as is established in the Company prior to the conversion: the
General Meeting of Shareholders, the Supervisory Board consisting of 3 to 5
members elected for a term of 4 years, and the Management Board consisting of 1
Board member elected for a term of 4 years. 

The conversion shall be carried out only in case the general meeting of
shareholders of the Company adopts the decision on approval of the conversion,
the Conversion Terms and other related issues under the procedure established
in the legal acts of the Republic of Estonia. 

The documents related to the conversion (the Conversion Terms, the Conversion
Report and the audited balance sheet of City Service AS (former name - City
Service EU AS) for 30 June 2015) shall be made available under the procedure
set by the laws (from 9 am till noon on business days) at the following
addresses: in Lithuania - Company's office at Smolensko st. 12, Vilnius,
Lithuania; in Estonia - law firm Tark Grunte Sutkiene, Roosikrantsi st. 2,
Tallinn, Estonia. All the documents, related to the conversion are also
announced on the internet page of the Company www.cityservice.eu. 

Annexes:

1) Plan of Conversion and Draft Terms of Conversion (with annex).

2) Conversion Report (with annex).

3) Audited balance sheet for 30 June 2015.


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