City Service SE
Notification on material event

An application was filed with the Estonian Commercial Register for registration of finalisation of the conversion of City Service AS into SE

Vilnius, Lithuania, 2015-10-19 16:30 CEST -- Please be informed that seeking to duly finalise the conversion of City Service AS (hereinafter, the “Company”) into a European public limited liability company (Societas Europaea, SE, hereinafter, the “Conversion”) on 19 October 2015 the Company has filed an application to Estonian Commercial Register for the registration of the new Statutes of the Company (the registration will be done not later than within 5 business days as from application), Following registration of the Statutes of City Service SE with the Estonian Commercial Register, the Conversion shall be finalised and the legal form of the Company shall be changed into SE.

Taking into consideration that following the Conversion of the Company into SE its activities shall be continued, without creating a new legal person and the ISIN code of the Company will not be changed and will stay the same (EE3100126368), as well as aiming to safeguard the rights and legitimate interests of the Company (City Service SE) and its shareholders as much as possible and the continuity of presence of the Company’s shares on the regulated market, providing the possibility to shareholders to continuously realize the rights conferred by their owned shares, it was decided that there is no need to suspend trading in Company’s shares on AB NASDAQ OMX Vilnius for proper finalisation of the Conversion.

Thus, all the orders for acquisition or transfer of shares of the Company provided until and after finalisation of Conversion of the Company shall be executed following the procedure and terms of the applicable legal acts. However, due to the above reason, there is a possibility that the investors, having provided orders for shares of the Company at certain time, which at the moment of provision of order will be still not converted into the SE, upon execution of the order will receive the shares of the converted Company (City Service SE).

Following completion of the Conversion the name of the converted company shall be City Service SE, which shall by operation of law take over all the assets, rights and liabilities of the Company. Conversion of the Company into a SE shall not result in the winding up of the Company or in the creation of a new legal person.

On the Conversion date each shareholder of City Service SE will hold the same number of shares in City Service SE that it had held in the Company until finalisation of the Conversion.

On the Conversion date the authorized capital of City Service SE will be the same as it was of City Service AS – EUR 9,483,000, which will be divided into 31,610,000 ordinary registered shares with the nominal value of EUR 0.30 each; ISIN code of shares will be EE3100126368.

After the Conversion the supervisory board and the management board of City Service SE will not been changed – Andrius Janukonis (Chairman), Gintautas Jaugielavičius and Artūras Gudelis will continue operating as members of the supervisory board of the company and Jonas Janukėnas – as the member of the management board.

Following completion of the Conversion, the necessary actions will be taken for introduction of Company’s shares to trading on the Warsaw Stock Exchange, as it is established in the decisions of the general meeting of shareholders of AB “City Service”, dated 30 April 2015.

         Vilius Mackonis,
         Director of Marketing and Communication Department
         + 370 5 239 4900