Vakaru Skirstomieji Tinklai AB

Company event



Announcement about reducing authorized capital



According to the Law on Companies of the Republic of Lithuania article No. 38

Vakaru Skirstomieji Tinklai AB ( company hereinafter), announces that the

General Meeting ,which was held on 30th of August 2004, made a decision to

reduce the company’s authorized capital, by reducing share nominal value from

LTL 109 to LTL 1, and company’s  authorized capital from LTL 405 261 782 to LTL

3 717 998.

General Meeting made a decision to pay LTL 108 per share for every shareholder,

who owns shares at the end of the business day, on which the changes to the

articles of association regarding reduction of authorized capital are registered

in Company Register. The money would be paid in one month from the day of

shareholder request.  If a shareholder with entitlement to receive the payment

will not request for his cash funds during 6 months from the end of the business

day, on which the changes to the articles of association regarding reduction of

authorized capital are registered in Company Register, the company has the right

to transfer the shareholder’s cash funds into shareholder’s account that is

known by company and which is in the credit company registered in the Republic

of Lithuania, or into notary’s, bank’s or other credit company’s deposit

account. If the shareholder agrees, the term of funds transfer can be delayed.

The company’s shareholders can appeal for cash funds only after the changes to

the articles of association regarding reduction of authorized capital will be

registered in Company Register. The company shareholders will be additionally

informed about registering the changes to the articles of association regarding

reduction of authorized capital in Company Register and about the order of

appealing for cash funds





Rasa Kruopaite

Head of external relations and marketing unit

(+370 5) 2781231