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2013-04-29 15:04:53 CEST 2013-04-29 15:05:52 CEST REGULATED INFORMATION Grigiskes AB - Notification on material eventGRIGISKES AB invites to webinar on the SPO and Company’s future plansVilnius, Lithuania, 2013-04-29 15:04 CEST (GLOBE NEWSWIRE) -- GRIGISKES AB invites investors and other interested parties to participate in webinar on the secondary public offering (SPO) and Company's future plans. GRIGISKES invites shareholders, investors, mass media representatives and other stakeholders to participate in its investor conference webinar scheduled on May 13, 2013 at 16:00 (EET). Webinar will be hosted by the Chairman of the Management board and the President of GRIGISKES AB Gintautas Pangonis. The presentation will be in English. During the webinar Gintautas Pangonis will present the secondary public offering of GRIGISKES AB and will also present Company's future development plans. After the presentation investors will be welcomed to ask questions. Due to the limited webinar time, please send in your questions in advance till May 07 to e-mail: vaidotas.uzpalis@nasdaqomx.com. What is webinar? Webinar is a virtual conference, during which company's representative gives information about the company and its future plans. Webinar allows interactive communication and a possibility to ask questions and get answers directly from the company. How to join the webinar? To join the webinar, please go to the site http://bit.ly/Grigiskes on May 13, 2013 at 16:00, choose „Enter as a guest", type in your name, surname and click „enter”. You will be then directed to the webinar screen. Prior registration is not necessary. Additional information on the webinar All you need to have is a computer with internet connection and headphones. No additional installations of special programs are necessary. You will be able to ask questions in writing or just listen to the host of webinar. Join the webinar and be the first one to hear the news! About GRIGISKES AB Grigiskes Paper Mill was established in 1823. More than 150 years' experience in paper and woodworking industry, modern technologies and modern equipment as well as skilled and competent staff, create a perfect background for the manufacturing of high quality products to the satisfaction of the customers' needs. GRIGISKES AB produces tissue paper, toilet paper, paper towels and paper napkins, corrugated board, products from corrugated board. Company‘s subsidiaries: Klaipėdos kartonas AB, Baltwood UAB, Mena Pak PAT, Klaipėda Recycling UAB. GRIGISKES AB is growing and constantly self-renewing company vigorously implementing an ambitious investment program announced in 2011. Over the period of 2011-2012 the Company invested LTL 20.5 Mio (EUR 5.9 Mio) and built and put into operation a new corrugated cardboard production unit equipped with modern production lines. Another LTL 12.5 Mio (EUR 3.6 Mio) has been invested in the new paper converting lines. The company intends over the next two years to invest over LTL 53 Mio (EUR 15.3 Mio) to a new modern paper making machine. It is foreseen that the production capabilities of the newest paper manufacturing machine will be double those that currently exist. There is no doubt that these investments will help the company strengthen its position in the European market and will make it possible for it to compete successfully with other manufacturers of paper products. It is planned, that after the investment program is implemented the sales of the company's products will double in the following two years and consolidated sales of the Group will reach LTL 500 Mio (EUR 145 Mio). Gintautas Pangonis President of GRIGISKES AB (+370-5) 243 58 01 |
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