Alytus, Lithuania, 2012-02-21 14:32 CET (GLOBE NEWSWIRE) --
On 20 February 2012 the company group “ALITA”, AB (hereinafter, the “Company”) received the announcement from the Vilnius Regional Administrative Court on the complaint provided by Plass Investments Limited regarding allegedly illegal decision of the Bank of Lithuania, dated 18 January 2012 to approve the circular of mandatory tender offer to buy-up the remaining voting shares in the Company, provided by FR&R Invest IGA S.A. The Company and FR&R Invest IGA S.A. were included as the third parties in the case. In the indicated announcement the court also informed the Company, that no interim measures, asked by the claimant were applied in the case.
In the opinion of management of the Company, the claim is groundless, and the Company shall provide to the court response to the claim following terms, indicated by the court.
Additional information is provided by the General Director Paulius Kibiša, phone number + 370 315 57243.