Ignitis grupė - Notification on material event

Regarding the establishment of a subsidiary company in Finland by UAB “Ignitis”, managed by AB “Ignitis grupė”

We inform that UAB “Ignitis” (hereinafter – the Company), controlled by AB “Ignitis grupė”, on 1 April 2021 completed the adoption of all decisions required to establish a new subsidiary company in Finland, Ignitis Suomi Oy (hereinafter – Ignitis Suomi). Accordingly, on the basis of the formal decisions, the registering process of Ignitis Suomi will continue. AB “Ignitis grupė” will not inform about the completed registration processes of Ignitis Suomi separately.

The Company will own 100% of shares of the established subsidiary company in Finland.

The Company directly operated natural gas supply activities in Finland itself since 2020. However, after evaluating the potential of the Finnish market, the Company adopted a decision in February 2021 to initiate the preparatory actions to establish a new company in Finland.

Ignitis Suomi will allow for a simpler, faster and more effective operations in Finnish electricity and gas supply markets, which will strengthen the development of services and business model of the Company.

For more information please contact:
Artūras Ketlerius
Head of Public Relations at Ignitis Group
arturas.ketlerius@ignitis.lt
+370 6 207 6076