Imoniu grupe ALITA, AB - Notification on material event

Ruling of the Supreme Court of Lithuania regarding upholding of the decision of Lithuanian Court of Appeals of 14 March 2014 and dismissal of the claim of minority shareholder Plass Investments Limited was received

Alytus, Lithuania, 2015-01-12 07:51 CET (GLOBE NEWSWIRE) -- On 9 January 2015
Company Group ALITA, AB (hereinafter, the Company) received a ruling from the
Supreme Court of Lithuania, according to which the Court, after examination of
the cassation appeal of Company's minority shareholder Plass Investments
Limited, upholded the decision of the Lithuanian Court of Appeals of 14 March
2014. On 14 March 2014 Lithuanian Court of Appeals abolished the decision of
the Kaunas Regional Court of 27 March 2013 and adopted a new decision - to
dismiss a claim of minority shareholder Plass Investments Limited regarding
invalidation of the decisions of the extraordinary general meeting of
shareholders, dated 3 October 2011 on reduction and increase of the Company‘s
authorised capital, Articles of Association of the Company and of Share
Subscription Agreement of 6 October 2011, concluded by the Company and FR&R
Invest IGA S.A. Following the indicated decision the Lithuanian Court of
Appeals also abolished all the interim measures applied by the Kaunas Regional
Court. 

The Company has announced on the decision of Kaunas Regional Court of 27 March
2013, as well as on the rulings of the same court on application of interim
measures, all of which were abolished by the decision of the Lithuanian Court
of Appeals on 13 March 2012, 18 May 2012, 8 August 2012, 27 March 2013 by
notifications on material events. 

The aforementioned ruling of the Supreme Court of Lithuania of 9 January 2015
is final, undisputable and became valid as from its adoption. 


         General Manager Vaidas Mickus, tel.: (+370 315) 57243