Claim of Plass Investments Limited to invalidate the Articles of Association and the Share Subscription Agreement was received


Alytus, Lithuania, 2012-05-14 11:05 CEST (GLOBE NEWSWIRE) -- On 11 May 2012 company group “ALITA”, AB (hereinafter, the “Company”) received a ruling from the Kaunas Regional Court regarding a claim filed by Plass Investments Limited to invalidate the Articles of Association of the Company (wordings registered with the Register of Legal Persons on 5 October 2011 and 6 October 2011) and the Share Subscription Agreement concluded between the Company and FR&R Invest IGA S.A. on 6 October 2011.

In the opinion of the management of the Company, the claim of Plass Investments Limited lodged with the Kaunas Regional Court is groundless like other past claims of Plass Investments Limited and the Company will file its response to the court in due course.

 

         Additional information is provided by the General Director Paulius Kibiša, phone number + 370 315 57243.