AB Ignitis grup An Expert's Report Should Be Ordered In Eso Share Price Case
09 Febbraio 2023 - 5:10PM
UK Regulatory
TIDMIGN
AB "Ignitis grup " (hereinafter -- the Group) informs that on 9
February 2023 the Supreme Court of Lithuania (hereinafter -- the
Court) has decided that the case concerning the determination of
the fair price of the shares of the Group's subsidiary AB
"Energijos skirstymo operatorius" (hereinafter -- ESO) should be
referred back to the Vilnius District Court for
reconsideration.
The Court's ruling stipulates that, during the reconsideration
of the case in the Court of First Instance, an expert's report
should be ordered to determine the price of ESO shares, or the
claim will be left open.
The order of an expert's report is a common practice in cases of
this kind and the Group has been raising the issue of the
appointment of an expert from the beginning of the proceedings.
According to the Group's assessment, the price per ESO share
determined and coordinated with a supervisory authority is
accurate.
The Group reminds that the dispute with a minority shareholder
V. P. Vaitaitis started in August 2020, after he disagreed with the
price determined during the mandatory buyout of ESO shares (link
https://www.globenewswire.com/Tracker?data=Iwy8IzeSgS_bjK8A-wlLqE8FZxK7cuj4Jm3m_Ryi98P3VrRm-M0UJjlE7WkJ-GUC5UlmPL9agvPcHZ7kZ3OQV2YDecSDsx_XWgXmDfVOcsM9q4W1HRiTvO-SM-GdoM-eFpnih--iz4xHzvgOonCcdQ==
).
The Group will not report on interim procedural rulings in
separate notices.
For more information, please contact:
Art ras Ketlerius
Head of Corporate Communications at Ignitis Group
arturas.ketlerius@ignitis.lt
+370 620 76076
(END) Dow Jones Newswires
February 09, 2023 11:10 ET (16:10 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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