Vilnius, Lithuania, 2018-03-21 15:33 CET (GLOBE NEWSWIRE) --
Lietuvos Energija, UAB, (hereinafter - the Company) identification code
301844044, registered office placed at Žveju str. 14, Vilnius, Republic of
Lithuania. The total nominal value of issued bonds 300 000 000 EUR; ISIN code
XS1646530565.
Project Management Committee of Lietuvos Energija decided to separate the
public electricity supply activities carried out by the subsidiary AB Energijos
Skirstymo Operatorius (ESO) from the electricity distribution business and for
a fee (through the sale of the business part) transfer it to another company of
the Lietuvos Energija group - UAB Lietuvos Duju Tiekimas.
The decision on the transfer of public supply activities to the company
Lietuvos Duju Tiekimas is based on an analysis of the activities and experience
of the companies of the Lietuvos Energija group and the rational aim of using
the customer service experience and infrastructure accumulated by Lietuvos Duju
Tiekimas, saving costs and ensuring stable electricity prices for customers.
Electricity supply is not a part of the infrastructure segment, therefore
separation of activities will contribute to a more coherent implementation of
the European Union's policy in the energy sector.
Customers about the changes in the organisation of public electricity supply
activities will be informed in advance.
The Company notes that no specific decisions of management of AB Energijos
Skirstymo Operatorius and UAB Lietuvos Duju Tiekimas management are taken. The
Company will publicly publish all follow-up actions and decisions taken in
accordance with the procedure established by legal acts.
Director of Corporate Communications Division at Lietuvos Energija,
UAB, Laura Šebekiene, +370 633 99940, laura.sebekiene@le.lt© 2018 GlobeNewswire
