Vilnius, Lithuania, 2010-12-17 13:54 CET (GLOBE NEWSWIRE) -- On December 17, 2010 during the extraordinary general shareholders meeting of the public company LITGRID Turtas AB (legal entity code – 302564383, legal status – public company, registered address: A. Juozapavičiaus g. 13, Vilnius city, Vilnius city municipality the Republic of Lithuania, data about the company are collected and stored at Vilnius branch of VĮ Registrų Centras, Division of Registry of Legal Entities), the following resolutions were adopted:
1. Regarding approval of preparation of reorganization conditions of LITGRID Turtas AB and LITGRID AB.
RESOLUTION ADOPTED: “To approve that under procedure established by legal acts of the Republic of Lithuania, the Management Board of LITGRID Turtas AB, in cooperation with the Management Board of LITGRID AB (public company established under laws of the Republic of Lithuania, registered address A. Juozapavičiaus g. 13, Vilnius city, Vilnius city municipality, the Republic of Lithuania, legal entity code 302449655, VAT code LT100005013315, registered in the Register of Legal Entities of the Republic of Lithuania), (i) prepares the reorganization conditions of LITGRID Turtas AB and LITGRID AB, which subsequent to the reorganization would terminate as a legal entity, would be merged with LITGRID Turtas AB, which subsequent to reorganization would continue its operation, and (ii) would prepare the revised articles of association of LITGRID Turtas AB, which would continue its operation subsequent to the reorganization and (iii) would perform other actions, related to the reorganization of LITGRID Turtas AB and LITGRID AB. The reorganization would be performed by merging LITGRID AB with LITGRID Turtas AB, after which all assets, rights and duties of LITGRID AB would be transferred to LITGRID Turtas AB (Part 3 of Article 2.97, Civil Code of the Republic of Lithuania) “.
2. Regarding appointment of the auditor of LITGRID Turtas AB and setting of payment conditions for the auditor’s services in 2010.
RESOLUTION ADOPTED: “To select the audit firm PricewaterhouseCoopers UAB for the performance of audit of financial statements 2010 (including consolidated financial statements) of LITGRID Turtas AB and to define the remuneration of not more than LTL 25,000 (twenty five thousand), without VAT, for the performance of the said audit services, which shall be paid within 60 (sixty) days upon issuing of an invoice.”
Further information on the resolutions adopted during the extraordinary general shareholders meeting of the public company LITGRID Turtas AB is available on the website of LITGRID Turtas AB - www.litgridturtas.eu
Jūratė Kavaliauskaitė
Head of Communications
Tel. +370 619 62019
E-mail:jurate.kavaliauskaite@lpc.lt