With a view to ensuring the proper provision of information to the public the Securities Commission hereby provides the information on the cases of failure to notify the securities market of the acquisitions and disposals of the blocks of shares of Alytaus Tekstile AB. In accordance with Article 23(1) of the Law on Securities of the Republic of Lithuania (hereinafter - the Law) persons who have at the general meeting of shareholders of an issuer must, not later than within 4 trading days, inform the Securities Commission and the issuer thereof . Seeking to ensure the transparency of the securities market and having regard to the failures of the selected shareholders of Alytaus Tekstile AB to fulfil the obligations stipulated under the Law the Securities Commission draws the attention of the public to the acquisition by Tomas Valavicius, on 23 May 2007 to the block of shares of Alytaus Tekstile AB whereby the acquirer exceeded the limit of 10% of the holding and the subsequent failure thereby to notify the Commission about the acquisition of the block of shares. On the basis of the preceding Tomas Valavicius is considered not to hold the votes in the general meeting of shareholders of the company concerned. Furthermore, as stipulated in Article 23(9) of the Law the person, having failed to fulfil his obligation to notify the acquisition of the block of shares for two years from the moment of clarification of correct data, looses his right to hold at general meetings of the issuer's shareholders more votes than the last threshold about which he has duly informed. Since Tomas Valavicius acquired the block of shares of Alytaus Tekstile AB for the first time, for two years following the clarification of the correct data the person shall be deprived of all votes in the general meeting of shareholders of the company. The Commission hereby also notifies that Gintautas Dunaitis, although having duly notified the Securities Commission of the acquisition of the block of shares on 23 May 2007, transferred all the shares held thereby of the company in June and failed to notify the securities market of the deal effected. Market Services Department +370 5 272 14 06
Concerning the notifications on the acquisitions and disposals of blocks of shares of Alytaus Tekstile AB
| Source: Nasdaq Vilnius