Vakaru Skirstomieji Tinklai AB

Company event



On 2nd of December 2004 the changes to the Articles of Association regarding

reduction of authorized capital registered in Companies Register



On 2nd of December 2004 the changes to the Articles of Association regarding

reduction of authorized capital registered in Companies Register, which is

managed by Registru Centras VĮ ( central registry). According to the Law on

Companies of the Republic of Lithuania the authorised capital of Vakaru

Skirstomieji Tinklai AB is considered to be reduced from the day when the

changes to the Articles of Association is registered in Companies Register.

Vakaru Skirstomieji Tinklai AB authorised capital is reduced  by reducing the

share nominal value from LTL 109 to LTL 1. The authorized capital of Vakaru

Skirstomieji Tinklai AB is reduced from LTL 405 261 782 (divided into 3 717 998

shares with LTL 109 nominal value) to LTL 3 717 998. (divided into 3 717 998

shares with LTL 1 nominal value). The authorised capital of Vakaru Skirstomieji

Tinklai AB after the registration of the changes to the Articles of Association

is LTL 3 717 998 divided into 3 717 998 shares with LTL 1 nominal value.

We also inform, what the shareholders meeting, what was held On 30th of August

2004, has decided To pay LTL 108 per share for every shareholder, who owned

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 (that is: 2nd of December 2004). 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.

The shareholders of AB Vakaru Skirstomieji Tinklai, who owned 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

(that is: 2nd of December 2004), have to address the issuer accountant AB Bankas

Hansabankas, with whom AB Vakaru Skirstomieji Tinklai has the agreement for

payment of cash funds and solving other associated questions. Coming to AB

Bankas Hansabankas it is necessary to have Passport, ID card or new issue

driving license. If the claim for cash funds payment will be given by the

shareholders agent it is necessary to have the shareholders power of attorney to

manage cash funds which has to be transferred for AB Vakaru Skirstomieji Tinklai

Shares and/or other documents which confirm the right to represent the

shareholder. The shareholders of AB Vakaru Skirstomieji Tinklai can address AB

Bankas Hansabankas from the 6th of December 2004.





Rasa Kruopaite

Head of external relations and marketing unit

(+370 5) 2781231