On 18 May 2020, Ignitis Group, an international energy company, started the mandatory buyout of shares of its subsidiary Ignitis Gamyba.
The mandatory buyout of shares of Ignitis Gamyba was finished on 17 August 2020. Transactions were completed on the second day following the conclusion of the transaction.
At the time of the mandatory buyout, Ignitis Group offered the prices agreed with the Bank of Lithuania for the shares, which were the same as those paid during the non-competitive tender offers. The price of EUR 0.640 per share was paid for shares of Ignitis Gamyba.
The shares of Ignitis Gamyba were bought from shareholders on the Nasdaq Vilnius Tender Offer Market in accordance with the rules of the regulated market of Nasdaq Vilnius.
In case the shareholders did not sell their shares of Ignitis Gamyba by the end of the mandatory buyout term, Ignitis Goup, after having made payments to the deposit account of shareholders who did not sell shares, has the right to apply to court within 30 days from the end of the mandatory buyout of shares, requesting that the account managers of the shares make records on the transfer of ownership of shares to Ignitis Group, which it did by submitting the relevant statements to the Vilnius District Court in the autumn of 2020.
Ignitis Gamyba will announce all relevant information about the ongoing court proceedings and their development on the website.
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