On September 29, 2009 the resolution to approve the Terms of the Spin-off of
the AB ALITA was passed in the Extraordinary General Meeting and from October
7, 2009 the Company group ALITA AB was separated from the AB ALITA and
registered. Both companies continue their activities after the Spin-off. In the
course of separation two new controlling companies were established. AB ALITA
develops and controls only the Investment Activities (related to shares held in
the foreign companies). The Spin-off procedures were performed according to
the Company Law.
At the time of reorganization all the production activity and all the
attributed assets, rights and obligations to this activity was seperated from
the AB ALITA. The main purpose of the Spin-off of the AB ALITA is the
reorganization of the activities of the AB ALITA, separating the investment
activity of the AB ALITA from the production activity that is not related to
the development of the investment activity.
After the spin-off the authorized capital of the ALITA AB amounts to 23 673 416
LTL. The nominal value of one share is LTL 1. The Company ALITA AB shares are
enlisted in the Secondary Trade List of the NASDAQ OMX Vilnius Stock Exchange
for the regulated trading.
A detailed description of the completed reorganisation of AB ALITA can be found
in the website of NASDAQ OMX Vilnius at www.nasdaqomxbaltic.com or in the
website www.alita.lt .
AB ALITA losses from investment activity amounted LTL 11 million (EUR 3.2
million) in year 2009. Total net result for the year 2008 amounted LTL 12.6
million (EUR 3.6 million) losses.
Authorized to provide information: Vytautas Junevicius tel. +370 315 57243
Audrone Barbuskiene
Economist
+370 315 57212
