On 18 May 2020, Ignitis grupė, an international energy company, started the mandatory buyout of shares of its subsidiary AB Ignitis gamyba.
The mandatory buyout of shares of Ignitis gamyba was finished on 17 August 2020. Following mandatory buyout, Ignitis grupė, after having made payments to the deposit account of shareholders who did not sell shares, will apply before the court regarding the transfer of ownership of shares to it. Therefore, no active efforts of shareholders are needed so far.
At present, the process of mandatory buyout of shares of ESO is suspended due to the claim brought before the court. Although the shareholders selling their shares will not suffer financial losses, the process can be lengthy. The information on the reopening of the buyout will be provided in a separate notice.
At the time of the mandatory buyout of shares of Ignitis gamyba, Ignitis grupė offered the price of EUR 0.640 per share that was agreed with the Bank of Lithuania. The prices was the same as paid during the non-competitive tender offers.
The company will announce all relevant information about the ongoing court proceedings and their development on the website.
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