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Lietuvos dujos AB Announces Terms and Conditions of Its Spin-off

Thursday, 31 Jan 2013 08:00am EST 

Lietuvos dujos AB announced that on January 30, 2013, its Board of Directors has approved the terms and conditions of the spin-off of the company. The terms and conditions are prepared in accordance with the decision of the Extraordinary General Meeting of Shareholders of the Company of May 28, 2012 and the resolution number O3-145 of the National Control Commission for Prices and Energy (the Commission) of June 15, 2012. The terms and conditions provide for the terms and conditions for un-bundling part of the Company, which continues the activities, and for establishing of the new company of the same legal form on the basis of the assets, rights and obligations attributed to such spin-off part. The spin-off shall be performed in accordance with the Civil Code of the Republic of Lithuania, the Law on Companies of the Republic of Lithuania and other legal acts. On January 31, 2013, the terms and conditions were submitted for coordination with the Commission, as provided for in the Law on the Implementation of the Law Amending the Law on Natural Gas of the Republic of Lithuania and the legal acts implementing the said law. Upon coordination of the terms and conditions with the Commission, a public notice on the spin-off and the possibility to get acquainted with the terms and conditions as well as other documents related to the spin-off will be made in accordance with the procedure established by the legal acts of the Republic of Lithuania. 

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-0.0010 -0.15%
15 Apr 2014