AB LESTO shares listed on the NASDAQ OMX Vilnius Main List

17.01.2011 VLN

Vilnius, January 17, 2011 – NASDAQ OMX Vilnius announced that AB LESTO shares (ticker: LES1L) today starts trading on the Main List of NASDAQ OMX Vilnius.

AB LESTO was established on December 27, 2010 as the result of merger following the conditions of reorganization of public limited liability company Rytų Skirstomieji Tinklai AB and public limited liability company VST AB. After reorganization Rytų Skirstomieji Tinklai AB and VST AB finished their activities as legal entities and AB LESTO took over the assets, rights and obligations.

“It will be one of the largest companies listed on the NASDAQ OMX Baltic stock exchanges. The company has nearly 8,000 minority investors, and as of tomorrow its shares will be included into the Baltic Benchmark index (OMXBB) which will facilitate greater interest of institutional investors. There is no doubt that such companies as LESTO are very welcome on the capital market as they pose interesting investment opportunities for both local and foreign investors,” – said Arminta Saladziene, Chairman of the NASDAQ OMX Vilnius Management Board.

“It‘s my pleasure to welcome LESTO investors and invite them to be active in our shares procurement”, – said General director of AB LESTO Arvydas Tarasevičius.

According to him AB LESTO will try to satisfy the needs of electricity consumers and investors by increasing the value of the company. “The Company activities will be directed towards long-term strategic aspects – the increase of electricity power distribution network and Company management efficiency, activity expenditure reduction. Better projected investment, more expedient management of our property will increase the value of the Company shares”, – said the manager of LESTO.
As of January 17, 2011, the Baltic Main List will contain 37 companies, including 18 issuers from Lithuania.

About AB LESTO

AB LESTO is the operator of Lithuanian electric power distribution network. The aim of the company is to effectively implement the functions of the electric power distribution network operator, to ensure the safety and security of the distribution networks, their exploitation, maintenance, management, and development, as well as electricity power transmission for power consumers via the distribution networks, and meeting other needs of the consumers.
The prime strategic aims of AB LESTO activities: protection of the interests of electricity power consumers, improvement of the quality of services supplied and increase of the activities efficiency. The company has more than 1.5 million clients/consumers throughout the entire territory of Lithuania. The authorized capital of SC LESTO is 603 944 593 LT, which is split into 603 944 593 ordinary registered shares.The assets of the company are equal to 5.4 billion LT. AB LESTO have two main shareholders who owns 5 % of the votes, Visagino Atominė Elektrinė UAB owns 82.63 percent of all companies shares and E.OH Ruhrgas International GmbH owns 11.76 percent of all companies shares. For more information about company please visit www.lesto.lt

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