Energy, Investments, Lithuania

International Internet Magazine. Baltic States news & analytics Friday, 26.04.2024, 18:46

Visagino Atomine Elektrine gets Lietuvos Energija shares

Petras Vaida, BC, Vilnius, 14.07.2010.Print version
In course of Lithuania-based company's LEO LT liquidation and implementation of Lithuania's energy sector government-approved reform plan, on July 12, 2010, Lithuania-based company Visagino Atomine Elektrine acquired from LEO LT 18,597,522 ordinary registered shares of the joint-stock Lithuanian energy enterprise Lietuvos Energija, which had been left under the ownership of LEO LT, controlled by the Government of the Republic of Lithuania, Lietuvos Energija reports to NASDAQ OMX Vilnius.

The nominal value of each acquired share is one litas.

 

The acquired shares constitute approximately 2.7% of all shares of the joint-stock company Lietuvos Energija, informs LETA/ELTA.

 

The shares were acquired for the price, equal to weighted average of six-month-trade at the stock exchange (38,970,177 litas).

 

Visagino Atomine Elektrine also took over from the LEO LT, which is under liquidation, the remaining liabilities (26,779,705.91) under the loan agreement of December 3, 2009, made between the joint-stock company Lietuvos Energija and LEO LT.

 

Currently Visagino Atomine Elektrine holds a total of 664,700,833 ordinary nominal shares of the joint-stock company Lietuvos Energija, which accounts for 96.40% of all shares of the joint-stock company Lietuvos Energija.

 

Visagino Atomine Elektrine is 100-percent indirectly controlled by the Republic of Lithuania.

 

Visagino Atomine Elektrine owns 3,651,534 shares (98.2%) of VST.





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