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Snaige AB

M&A Activity • Sep 29, 2023

2250_iss_2023-09-29_c9f7626e-8dfd-45b4-92c7-138f2f03c62c.html

M&A Activity

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Disclosure 437729

Snaige - Notification on material event

EDS INVEST 3 acquired a controlling stake in AB SNAIGĖ

On September 29, 2023, AB SNAIGĖ received a notification from UAB EDS INVEST 3 regarding the completion of a share purchase and sale transaction. UAB EDS INVEST 3 acquired 36,096,193 units of ordinary registered non-material company shares from the former company shareholder SEKENORA HOLDINGS LIMITED on September 28, 2023, at a price of 500,000 EUR, i.e., 0.01385 per share unit.

Taking into account the requirements of Article 26 of the Securities Law, UAB EDS INVEST 3 intends to submit a mandatory official offer to purchase the remaining company shares.

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