Snaige AB

Legal Proceedings Report • Nov 9, 2018

Disclosure 365969

Snaige - Notification on material event

AB Snaigė appealed against the Court decision

Vilnius Regional Administrative Court has rejected AB Snaigė (hereinafter the Company) complaint concerning partial revocation of the director of the Supervision Service of the Bank of Lithuania adopted decision No. 241-19 dated 29 January 2018 on imposition of certain measures with respect to AB Snaigė. The management of the Company examined the Court decision to reject Company‘s complaint, and found this decision unjustified. Therefore, the Company has appealed against it to the Supreme Administrative Court of Lithuania.

Managing Director

Gediminas Čeika

+370 315 56206