Resolution adopted by the Extraordinary General Meeting of Shareholders of AB Lietuvos Dujos

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| Source: Lietuvos Dujos AB
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Vilnius, Lithuania, 2014-01-30 10:00 CET (GLOBE NEWSWIRE) -- On the initiative of the Ministry of Energy of the Republic of Lithuania – the shareholder of AB Lietuvos Dujos, the Extraordinary General Meeting of Shareholders of AB Lietuvos Dujos of 30 January 2014 adopted the following resolution:

Agenda Item:

Regarding the initiation of arbitration proceedings against OAO Gazprom seeking to reduce the prices of gas supplied according to 16 December 1999 Gas Supply Agreement No GLi-2000 (including all subsequent amendments and supplements thereto) and obligation of the General Manager of the Company to carry out all actions of initiation of the arbitration proceedings and actions necessary for due conducting of such proceedings including purchase of legal services as well as the authorisation for negotiation with OAO Gazprom with the aim to improve the conditions of supply of gas to the Company.

Resolution:

The General Meeting of Shareholders hereby decides to initiate the arbitration proceedings against OAO Gazprom seeking to reduce the prices of gas supplied according to 16 December 1999 Gas Supply Agreement No GLi-2000 (including all subsequent amendments and supplements thereto). The General Manager of the Company is obliged to carry out all actions of initiation of the arbitration proceedings and actions necessary for due conducting of such proceedings including but not limited to purchase of legal services, submission of the notice to the arbitration court, drafting and filing the statement of claim and all other necessary documents. The General Manager of the Company is also authorised to conduct negotiations with OAO Gazprom with the aim to improve the conditions of supply of gas to the Company. The arbitration proceedings shall be suspended in case of reaching a favourable commercial agreement with OAO Gazprom which would be approved by the Board of Directors of the Company.

The Resolution of the Extraordinary General Meeting of Shareholders was posted on the Central Database of Regulated Information www.crib.lt, the website of the Company www.dujos.lt and the e-publication of the Centre of Registers of the Republic of Lithuania.

    

Authorised person:

Justinas Stašinskas

Head of the Legal Division

tel. +370 5 236 0145