Apranga APB shares to be listed on the Main List of the Vilnius Stock Exchange

10.10.2005 VLN

Such a decision was made at the VSE Management Board meeting on October 10, 2005.

“It is a pleasure to see new company’s securities on the Vilnius Stock Exchange Main List after two year period. Investors had enough time to get acquainted with the company as its shares were quoted on the VSE I-List for over 8 years now,” said Dalia Jasulaityte, Chairman of the VSE Management Board.

“Apranga has always pursued to be a modern and innovative trading company, develop a top-class distribution network and co-operate with the strongest European and international fashion players. We will continue to aspire for these goals in the future. Listing of Apranga shares on the Main List of the Vilnius Stock Exchange is another significant recognition of our achievements as well as additional responsibility for our current and potential shareholders as well as their capital invested in our company,” said Rimantas Perveneckas, Director General of Apranga APB.
 
The core activity of the company is retail and wholesale trade in wearing apparel. As of January 1, 2005, the company’s market capitalization stood at LTL 152,637.7 thousand (EUR 44,207 thousand) and as of October 7 of this year – LTL 298,658.2 thousand (EUR 86,497.39 thousand). The authorized capital of the company is LTL 8,822,990 (EUR 2,555,315), which consists of 8,822,990 ordinary registered shares at LTL 1 par (EUR 0.29). During last 12 months there were no changes in the company’s authorized capital. As of December 31, 2004, Apranga APB shareholder equity and reserves equaled LTL 44,282 thousand (EUR 12,825 thousand). During the first six months of this year, Apranga group’s profit before taxes amounted to LTL 2,357.3 thousand (EUR 682.72 thousand). Apranga group’s profit before taxes during the same period in 2004 totaled LTL 335.1 thousand (EUR 97.05 thousand).

The sales of Apranga group in Lithuania, Latvia and Estonia for the period of January – September 2005 totaled LTL 137,760.6 thousand (EUR 39,898.2 thousand) and showed a rise of 55.1% or LTL 48,943.5 thousand (EUR 14,175 thousand) in comparison with the same period in 2004. The sales of Apranga group in Lithuania for the period of January – September 2005 resulted in LTL 90,090.8 thousand (EUR 26,092.1 thousand) and increased by 28.6% whereas that in foreign markets (Latvia and Estonia) amounted to LTL 47,669.8 thousand (EUR 13,806 thousand) and rose 2.5 times compared to the period of January – September last year.

As of June 30, 2005, the company had 734 shareholders. The largest shareholders (holding more than 5% of all company votes) are the following: MG Baltic Investment UAB (Lithuania) (52.46%), investors represented by Hansapank AS (Estonia) (14.25%), Skandinaviska Enskilda Banken AB (Sweden) (7.34%). 
 
For more information:
Saulius Malinauskas, Director of Listing Deparment, Vilnius Stock Exchange          +370 5272 1406,
saulius.malinauskas@nasdaqomx.com

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