Vilniaus Baldai
Notification on material event

On the mandatory tender offer

Vilnius, Lithuania, 2013-06-05 15:30 CEST --  

On June 5, 2013 Vilniaus baldai AB received a notification from Invalda LT AB about intention to announce a mandatory tender offer to buy up the remaining voting ordinary registered shares in Vilniaus baldai AB, company code 121922783, registered address Savanoriu str. 178 A,          LTL 4 per value each. The day of crossing of threshold of 1/3 votes is May 31, 2013. The payment for the purchased shares shall be effected in cash.

Whereas Invalda LT AB holds 39.35 percent of votes in the general shareholders meeting of Vilniaus baldai AB and Board members of Invalda LT AB - Alvydas Banys, Darius Sulnis and Indre Miseikyte - have acquired 61.96 percent of votes in the general shareholders meeting of Vilniaus baldai AB, and shareholders of Invalda LT AB holding control of 90.15 percent of shares in the general shareholders meeting of Invalda LT AB, an agreement about the long – term policy of the Company has been signed, in accordance with part 2 of Article 31 of the Law on Securities of the Republic of Lithuania, persons holding control of Invalda LT, AB have an obligation to announce a mandatory tender offer to acquire remaining shares in Vilniaus Baldai AB.

On the basis of the agreement the following legal and natural persons are acting in concert with the above mentioned Board members in the mandatory tender offer procedure: Invalda LT AB, Invalda Privatus Kapitalas AB, Vytautas Bucas, Greta Miseikyte Myers, Irena Ona Miseikiene:

The providers of a tender offer informed the Company about the price for buy up of shares– the price totals to 14.869 EUR per share. The period of the implementation of a tender offer – 14 days.


 

         Additional information:
         Chief Financial Officer
         Ausra Kibirkstiene
         +370 5 2525720