Lietuvos energijos gamyba, AB - Other information

The deadline of share redemption of former LIETUVOS ELEKTRINĖ, AB has ended

Elektrėnai, Lithuania, 2016-05-10 12:30 CEST (GLOBE NEWSWIRE) -- Lietuvos
Energijos Gamyba, AB (registered office address – Elektrinės st. 21,
Elektrėnai, Lithuania, legal entity’s code – 302648707). 

The deadline for minority shareholders of the former LIETUVOS ELEKTRINĖ, AB to
take the advantage of a possibility to redeem the shares expired yesterday. The
money for the redeemable shares will be paid to the shareholders within May. 

The shares of the former LIETUVOS ELEKTRINĖ, AB offered for redemption are
equated at a set ratio to the shares of the currently operating energy producer
Lietuvos Energijos Gamyba, AB. 

Based on the data available today, more than 1000 minority shareholders, who
entered into share purchase and sale agreements with the purchasing company
Lietuvos energija, UAB, have already taken the advantage of the possibility to
sell their shares. SEB Bank, AB implementing the process of share redemption
has reported that the data of even more than one hundred more shareholders, who
have submitted their documents within the last days before the deadline, are in
the process of verification. The final numbers of the share sellers and the
shares sold, which will be owned by Lietuvos Energija, UAB in consequence of
the redemption, will be reported separately. 

The money for the redeemable shares will be transferred to the bank accounts
indicated by the shareholders not later than within 30 calendar days from the
expiry of the deadline for document submission. Lietuvos Energija, UAB is
seeking to settle with the shareholders in the shortest possible period, thus
it is planned that the money for the redeemable shares will reach all
shareholders having entered into the agreements even in May. 

1.37 shares of the currently operating company Lietuvos Energijos Gamyba, AB is
given for one share of LIETUVOS ELEKTRINĖ, AB. The fixed price of 1.2959 Euro
is paid per redeemable ordinary registered share of Lietuvos Energijos Gamyba,
AB. 

In accordance with the new version of the Law on Personal Income Tax with
effect from 1 January 2016, the shareholders having taken the advantage of this
redemption will be obliged to calculate, declare and pay the personal income
tax (15 per cent) themselves when filing tax declarations for 2016. 

Those, who have failed to make use of their right to sell their shares on this
specific redemption or submit the necessary documents for the redemption of
shares, will have no more opportunity to take the advantage of selling their
shares on this price and will continue to be the shareholders of Lietuvos
Energijos Gamyba, AB, and will be able to trade their shares on the exchange. 

Please be reminded that only those shares, which were held under the right of
ownership by minority shareholders no later than since 5 August 2008 and which
during the reorganisation of LIETUVOS ELEKTRINĖ, AB on 5 August 2011 were
converted into the shares of the current Lietuvos Energijos Gamyba, AB, are
subject to this redemption. Shares transferred to third parties are not
redeemable. 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, are not redeemable as well. 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. 


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