Vilnius, Lithuania, 2015-08-14 10:50 CEST (GLOBE NEWSWIRE) -- On 14 August 2015 the Market Services Department of AB Nasdaq OMX Vilnius decided to resume trading in City Service AS shares (CTS1L, ISIN code: EE3100126368) from 17 August 2015 (Monday) and to apply observation status for City Service AS.
On 13 August 2015 City Service AS initiated actions regarding conversion of the company into the European Company (Societas Europaea). It also anticipates taking actions in the future regarding listing of City Service AS shares on the Warsaw stock exchange as it was decided by the general meeting of shareholders of AB “City Service” on 30 April 2015. Considering that the observation status has been applied with respect to City Service AS seeking to alert the market participants.
Following completion of the merger, all the shareholders of AB “City Service” became the shareholders of City Service AS directly holding 100 per cent of all votes and shares in City Service AS. The shares of City Service AS for the former shareholders of AB “City Service”, who have opened securities accounts in the Central Securities Depository of Estonia, have been transferred directly into such accounts. The shares of other shareholders have been accounted through the chain of intermediaries (custodians) – in the nominee account of the Central Securities Depository of Lithuania, as well as accounting thereof with the intermediaries, who managed the shares of AB “City Service” in their personal securities accounts until the merger completion (i.e. 10 August 2015). The shareholders of City Service AS may dispose of their shares, transfer them to other intermediaries upon the necessity, whereas the transactions on the stock exchange shall be possible as of resumption of trading in City Service AS shares on Monday, 17 August 2015, as of opening of trading on stock exchange.
Vilius Mackonis,
Director of Marketing and Communication Department
+ 370 5 239 4900