Approved prospectus of share issue of GRIGISKES AB

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE STOCK EXCHANGE RELEASE.


Vilnius, Lithuania, 2013-05-14 11:01 CEST (GLOBE NEWSWIRE) --
On 14 May 2013, the Bank of Lithuania approved the prospectus of issue of GRIGISKES AB (hereinafter, the “Company”) ordinary registered shares (hereinafter, the “Prospectus”).

The approved Prospectus is designated to (i) the public offering of the existing shares of the Company with the total nominal value of up to LTL 5,700,000 (number of shares – up to 5,700,000, nominal value of one share is LTL 1, issue price of one share is EUR 0.51) and (ii) admission of the newly issued shares of the Company to trading on the Main List of AB NASDAQ OMX Vilnius.

The decision with regards to issue of new shares of the Company, public offering of the existing shares and admission of the new shares to trading on a regulated market has been adopted in the annual general meeting of shareholders of the Company on 26 April 2013 and has been detailed by a decision of the Board of the Company on 6 May 2013.

Following the Prospectus, the offering consists of a public offering in Lithuania to: (i) existing shareholders of the Company, as indicated in the Prospectus, (ii) retail investors and (iii) legal persons who are institutional investors.

Each of the existing shareholders of the Company is entitled and is guaranteed that, in case it will participate in the offering (and submit the order for acquisition of the relevant number of Company’s shares), such an existing shareholder will be allocated the number of offer shares pro rata to the nominal value of its shareholding in the Company as at the close of 24 May 2013 or any lesser number of offer shares (in case the relevant shareholder places an order for acquisition of such lesser number of shares).

The term of provision of orders on acquisition of shares in the Company, indicated in the Prospectus with regards to all the investors is from 15 May 2013 until 24 May 2013 (until 5.00 p.m. Vilnius time). Detailed conditions on provision of orders are indicated in the Prospectus.

Retail investors and existing shareholders of the Company (unless they are attributed to the institutional investors) have to fully pay the offer shares of the Company to be acquired by them no later than on the day on which their orders are made. Institutional investors (including the existing shareholders of the Company, which are deemed institutional investors) shall have to pay the offer shares of the Company and they shall be allotted to such investors following the distribution versus payment method as indicated in the Prospectus.

 

IMPORTANT NOTICE:

This notification is not for distribution to United States newswire services or for dissemination in the United States, Canada, Japan or Australia or elsewhere where such dissemination is not appropriate.

Distribution of this announcement and other information in connection with the public offering may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

No offer or invitation to acquire securities of the Company is being made by or in connection with this notification. Any such offer is made solely by means of the Prospectus and the Prospectus is the only legally binding document containing information on the Company and on the public offering of the Company’s shares. The Prospectus is published through GlobeNewswire, the on-line information system of AB NASDAQ OMX Vilnius, and on the Company’s website www.grigiskes.lt, as well as on the website of the offering broker UAB FMĮ Orion securities www.orion.lt.

Furthermore, the Prospectus has been prepared on the basis that there will be no offers of the Companys shares, other than the offering to the public in the territory of the Republic of Lithuania in accordance with the Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 on the prospectus to be published when securities are offered to the public or admitted to trading and amending Directive 2001/34/EC, as implemented in Lithuania.

The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.

 

         Gintautas Pangonis
         President of GRIGISKES AB
         (+370-5) 243 58 01


Attachments

Prospectus (Grigiskes) (LB patvirtintas).pdf LB sprendimas del prospekto patvirtinimo.pdf Prospectus santraukos vertimas i LT (Grigiskes).pdf