11.06.2013
The Shareholders of AB Lietuvos Dujos approved the Terms and Conditions of the Spin-off of AB Lietuvos Dujos
The information hereunder was posted by AB Lietuvos Dujos, which carried out natural gas transmission activities before the establishment of AB Amber Grid.

Today, on 11 June 2013, shareholders of AB Lietuvos Dujos held an Extraordinary General Meeting. The General Meeting of Shareholders of AB Lietuvos Dujos approved the Terms and Conditions of the Spin-off of AB Lietuvos Dujos and decided, in accordance with the terms and conditions thereof, to unbundle the spin-off part (the activity of natural gas transmission of AB Lietuvos Dujos) from AB Lietuvos Dujos (which continues its activities after the spin-off) and, on the basis of the assets, rights and obligations assigned to this part, to establish a new company, AB Amber Grid.

One of the Company's Shareholders, OAO Gazprom, voted on the adoption of this decision "for" with reservation.

The General Meeting of Shareholders of AB Lietuvos Dujos approved the amended wording of the Bylaws of AB Lietuvos Dujos and authorised the CEO of AB Lietuvos Dujos to sign, either personally or through an authorised person, the amended wording of the Bylaws of AB Lietuvos Dujos and perform all actions related to the registration of the Bylaws with the Register of Legal Entities of the Republic of Lithuania. It was decided that the structure of the bodies in AB Lietuvos Dujos (which will continue its activities after the spin-off) would not change – the General Meeting of Shareholders, the Board of Directors and the Chief Executive Officer would continue functioning at AB Lietuvos Dujos. It was also decided that the members of the Board of Directors of AB Lietuvos Dujos – Dr. Valery Golubev (Chairman of the Board of Directors), Dr. Achim Saul (Deputy Chairman of the Board of Directors), Uwe Fip, Kirill Seleznev and Valdas Lastauskas would continue to hold their respective offices. Accordingly, the Board of Directors at its meeting held on the same day approved that Viktoras Valentukevicius would continue serving as the General Manager of AB Lietuvos Dujos.

The General Meeting of Shareholders of AB Lietuvos Dujos also approved the Bylaws of AB Amber Grid that was established after the spin-off and authorised the Chief Executive Officer of AB Amber Grid to sign, either personally or through an authorised representative, the Bylaws of AB Amber Grid and perform all actions related to the registration of AB Amber Grid and its Bylaws with the Register of Legal Entities of the Republic of Lithuania.


 

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