On November 16, 2011, the Ruling of Panevezys District Court, dtd. 05-11-2011 came into force in the civil case under the claim of the plaintiffs A. S., L. D., V. N on mandatory share buy-up price against the respondents Joint-stock company "Mineral and Chemical Company „EuroChem", EuroChem A.M.Limited and the third persons. By this Ruling Panevezys District Court approved a Peace Treaty signed by the parties and declared the civil case nonsuit. By this Peace Treaty the parties have agreed the price of 53,85 LTL (fifty-three litas and eighty five cents) payable for each AB „Lifosa" share, bought up during the process of mandatory buy-up of shares. The respondents undertook to transfer additional AB „Lifosa" share price portion (i.e. 6,85 LTL/each share (six litas and eighty five cents) for each share, bought up during the process of mandatory buy-up of AB „Lifosa" shares) to the bank account opened at AB SEB Bank in 15 (fifteen) workdays from the above mentioned Ruling of Panevezys District Court validation date. Upon the money transfer made by the respondents, AB SEB Bank, under the terms and conditions of the agreement with the respondents, will pay the respective amounts to AB „Lifosa" shareholders, the company's shares are bought up from.
For more information - Zigmas Ezerskis, Chief Financial Controller, tel.: + 370 347 66262.