Alytus, Lithuania, 2012-03-13 16:13 CET (GLOBE NEWSWIRE) -- On 13 March 2012 company group ALITA AB (hereinafter, the “Company”) received a ruling from the Kaunas Regional Court regarding application of the following interim measures, requested by the claimant of the case, Plass Investments Limited:
(i) to forbid to respondent Vytautas Junevičius and third person FR&R Invest IGA S.A. to apply to the Bank of Lithuania regarding adjustment of the price of squeeze-out of the Company’s shares;
(ii) to forbid to provide to the Company a notification on squeeze-out of shares;
(iii) to forbid to the Company to send to all the shareholders of the Company, as well as to supervisory institution and operator of the regulated market the notifications on squeeze-out of shares;
(iv) to forbid to the Company to publically announce on the squeeze-out of shares in the source, indicated in the Articles of Association of the Company.
In the opinion of management of the Company, the interim measures were applied motiveless, further, they do not related to the requirements of the claim of Plass Investments Limited, examined in this case (i.e. regarding invalidation of the decisions of the general meeting of shareholders of the Company of 3 October 2011 and indemnification for damages). Consequently, the Company intends to provide to the court a separate appeal regarding cancellation of the aforementioned ruling.
Additional information is provided by the General Director Paulius Kibiša, phone number + 370 315 57243.