Last update: 29.11.2024 18:23 (GMT+2)

Sanitas: Proposal to acquire shares

22.11.2002, Sanitas, VLN
SANITAS
MATERIAL EVENT

PROPOSAL TO ACQUIRE SHARES

(Unofficial translation done at the NSEL)

On 21 November 2002, a potential buyer submitted a revised proposal to acquire
up to 100% of the issuers shares. The price indicated in the proposal is LTL
4.65 per unit.
Execution of the proposal depends on acquisition of no less than 67% of voting
shares, results of the evaluation of the company’s performance, permission of
the Competition Council, and the final decision of banks which expressed a
desire to finance the transaction. The offer of the potential buyer remains
valid until 1 January 2003. By disclosing this announcement, the issuer states
that the decision regarding approval or rejection of this proposal has not been
adopted yet. Taking into consideration the above-listed conditions, the issuer
notes a considerable risk that the final price of the offer might change and
that the potential buyer might fail to execute its offer.


Rūta Milkuvienė
Lawyer
(370 37) 20 06 62

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