Snaige AB — M&A Activity 2012

Mar 16, 2012

Disclosure 298297

Snaige AB - Notification on material event

Regarding the approval of the circular of the non-competitive mandatory tender offer

Alytus, Lithuania, 2012-03-16 08:20 CET (GLOBE NEWSWIRE) -- On 15 March 2012, Snaigė AB received an announcement from the shareholder UAB “VAIDANA” about 15 March, 2012 the decision of the Bank of Lithuania to approve the circular of a non-competitive mandatory tender offer to buy up the remaining ordinary registered voting shares of Snaigė AB. The tender offer price is EUR 0.54 (fifty four euro cents) per 1 (one) ordinary registered share of Snaigė AB, LTL 1 (one litas) par value (ISIN code LT0000109274) each. Commencement of the implementation of the tender offer is on 21 March 2012, termination - on 29 May 2012. Managing Director Gediminas Čeika +370 315 56206